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Indonesia: Minister Sees Shifting in Trading Transaction Pattern

TEMPO.CO, Jakarta – Trade Minister Enggartiasto Lukita explains that there has been a shifting in the pattern of trading transactions recently. The ministry reminded that the rapid shifting on both buyers and sellers must be immediately anticipated by the business makers. “The lifestyle is shifting from offline to online, people used to walk to the nearest store to buy food, now [they] just need to press a button on their gadgets to do that,” said Enggartiasto during the […]

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Indonesia: 2017 FIDIC Conference Expected to Attract Foreign Investment

TEMPO.CO, Jakarta – The Indonesian Consultant Association (Inkindo) said that the 2017 International Federation of Consulting Engineers (FIDIC) Conference is expected to attract foreign investment into Indonesia. The conference is held at Jakarta Convention Center on October 1-3. Inkindo chairman Nugroho Pudji Rahardia said that consultants play a key role in convincing investors to invest in Indonesia. Therefore, Nugroho […]

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Indonesia Agrees on Three Points with Malaysia, Philippines

TEMPO.CO, Jakarta – Indonesian Transportation Minister Budi Karya Sumadi has agreed on three points with his Malaysian counterpart Mr. Liow Tiong Lai and Philippines` Mr. Arthur Tugade. Three points agreed with Malaysia, Budi said, include the plan to operate Ro-Ro ships between Dumai and Malacca. The seaports are currently being prepared for the cooperation. The second agreement is on […]

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Indonesia: Rupiah Predicted to Keep On Weakening: Analyst

TEMPO.CO, Jakarta – Bina Artha Sekuritas senior analyst Reza Priyambada predicts that Rupiah will continue to weaken caused by the minimum positive sentiment domestically and internationally. “Rupiah is predicted to move around 13,401 at its peak and 13,319 at its weakest,” said Reza today on Thursday, September 28. The market, Reza observed, tends to enter safe heaven […]

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Indonesia: Govt Discusses Infrastructure Projects with 4 Countries

TEMPO.CO, Jakarta – Transportation Minister Budi Karya Sumadi held bilateral meetings with delegates of four countries: South Korea, Singapore, Hungary, and China, as well as the European Union (EU) to discuss infrastructure projects in Indonesia. The meetings were held on sidelines of The 4th Asia Europe Meeting Transport Minister Meeting (ASEM TMM) in Denpasar, Bali, on September 26-28. “I […]

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ADB: Indonesian Economy to Grow 5.1 Percent This Year

TEMPO.CO, Jakarta – The Asian Development Bank (ADB) predicted that the Indonesian economy would grow by 5.1 percent this year and 5.3 percent in 2018. The ADB also projected that asset investments and exports would remain the driving force of the economic growth. Winfred Wicklein, ADB country director in Indonesia, said that the Indonesian economy would remain solid despite […]

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