TEMPO.CO, Jakarta – Bank Indonesia (BI) has issued a regulation on the settlement of bilateral trade transactions using local currency settlement (LCS), such as rupiah. BI communication director Arbonas Hutabarat said via the central bank’s website that the regulation aims to support the rupiah stability by reducing dependence on the US dollar when settling bilateral trade transactions. […]
Read MoreTEMPO.CO, Jakarta – Industry Minister Airlangga Hartarto will meet Japanese investors during his visit to Japan on October 16-21. Airlangga said that he will hold talks with Fujitrans Corporation, Mitsubishi Motors, JFE Steel, and Sango Corporation, as well as delegates of Japan Indonesia Economic Committee, The Japan External Trade Organization, Nagoya Chamber of Commerce and Industry, and […]
Read MoreTEMPO.CO, Jakarta – Coordinating Minister for the Marine Affairs Luhut Binsar Pandjaitan said in 2020 Indonesia is no longer importing salt. Luhut said the government will continue to seek ways to increase national salt production. One way to do so is by land extensification in a number of salt production areas, including East Nusa Tenggara, which has the potential […]
Read MoreTEMPO.CO, Jakarta – The Trade Expo Indonesia 2017 that was held on October 11-15 saw USD1.268 billion in transactions or equal to Rp16.86 trillion. Trade Minister Enggartiasto Lukita said that the figure represents a 24.3 percent increase compared to the last year’s edition. “Our target was USD1.1 billion,” Lukita said yesterday in his closing address at TEI […]
Read MoreTEMPO.CO, Jakarta – Head of lntermediary Business Schroders Investment Management Indonesia Teddy Oetomo predicted that Indonesian economy in 2018 will be better than in 2017. This is resulted from the campaign period. “Next year, the number of elections will expand compared to that in 2017. In 2018, money circulating in the campaign will be stronger and higher in […]
Read MoreTEMPO.CO, Bogor – Indonesian Trade Minister Enggartiasto Lukita said the government continues to increase trading transactions with Laos. Enggar made the statement following a meeting between President Joko `Jokowi` Widodo and Laos Prime Minister Thongloun Sisoulith at the Bogor Palace, yesterday, Oct. 12. When meeting President Widodo, PM Sisoulith brought 33 Laos businessmen with him to discuss trade cooperation […]
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