TEMPO.CO, Jakarta – Finance Minister Sri Mulyani said that the government will focus on eradicating poverty, infrastructure development and public service improvement in the third quarter this year. “Because they will have positive impacts. In the third quarter, the government will be focusing on their implementation,” she said yesterday. In the third quarter, Sri Mulyani said, ministries and state […]
Read MoreAMED, Indonesia: A Balinese town once bustling with holidaymakers has almost emptied of tourists after warnings that nearby Mount Agung could erupt at any time — a snapshot of the growing cost the rumbling volcano poses to Indonesia’s economy. Business has slumped at many hotels, dive resorts and restaurants in towns around the volcano since […]
Read MoreTEMPO.CO, Jakarta – President Joko Widodo (Jokowi) has warned ministers and heads of state agencies to facilitate investors. Any problems or obstacles faced by investors, he said, should immediately be addressed. “Don’t let investors wait and see. The business world must be facilitated, assisted,” he said yesterday in a cabinet meeting at the State Palace. He said […]
Read MoreTEMPO.CO, Jakarta – The Central Statistics Agency (BPS) chairman Suhariyanto said that foreign tourist arrivals from January to August was recorded at 9.25 million or soared by 25.68 percent compared to the same period last year of 7.36 million. August 2017 saw 1.40 million foreign tourist arrivals, representing a 36.11 percent increase on a year on year […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) has suspended the services offered by four e-money platforms. BI official says that the products are not licensed. The products are BukaDompet by Bukalapak, TokoCash by Tokopedia, ShopeePay by Shopee, and Paytren by Yusuf Mansyur. BI director of electronification program at the payment system policy and supervision department Pungky Purnomo Wibowo said the action was taken because the four […]
Read MoreTEMPO.CO, Jakarta – Owner of textile company Hesandra Indonesia, Fanti Wahyu Nurvita, reveals that batik sales for the premium market are experiencing a 30 percent drop in the last three years. “Conditions in the batik industry is not a booming market as it was four to five years ago,” said Fanti on Tuesday, October 3. She argues that the […]
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