TEMPO.CO, Jakarta – Transportation Minister Budi Karya Sumadi revealed that the ministry is currently offering 12 strategic infrastructure projects in a meeting with nine countries. The countries include Japan, China, Poland, Hungary, South Korea, Malaysia, Philippines, and Singapore. “I will offer these investments at the bilateral meeting,” said Budi during the Fourth Asia-Europe Meeting (ASEM) in Nusa Dua, Bali, […]
Read MoreTEMPO.CO, Jakarta – A survey conducted by Mastercard Indonesia shows that 58.5 percent of smartphone users have actively used their mobile phones for online shopping over the last three months. The figure was based on the 2017 Mastercard Mobile Shopping study. “The growth of online shopping soared along with the increasing smartphone usage in Indonesia,” said Mastercard […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) says that the economy has improved in the third quarter of 2017 and some sectors have recovered. BI Deputy Governor Dody Budi Waluyo said that improvement is seen in domestic demand, particularly household consumption. “It’s apparent in improved retail and durable goods sales,” he said last week. The central bank predicts […]
Read MoreTEMPO.CO, Jakarta – East Ventures, a Southeast Asian venture capital company, announced an investment of 30 million USD for Indonesian startups. This is the sixth fund collected and managed by the three founders of East Ventures; Willson Weather, Batara Eto, and Taiga Matsuyama. A recent report by A.T.Kearney stated that investment in Indonesia is soaring due to strong macroeconomic […]
Read MoreTEMPO.CO, Jakarta – The Jakarta Provincial Government proposed some changes to its 2017 regional budget. They proposed a 2.43-percent budget increase to Rp71.89 trillion from the previous figure Rp70.19 trillion. Jakarta Governor Djarot Saiful Hidayat said that in addition to increasing the budget and allocating funds for new activities, the amendment is also aimed to reduce the budget for unexecuted […]
Read MoreTEMPO.CO, Jakarta – Heru Pambudi, director general of customs and excise at the Finance Ministry, said that the cigarette excise increase for 2018 will be announced in the next two or three weeks. “Since the decision is not yet final, I can’t reveal [the amount of the excise increase for next year], Heru said during a talk show held […]
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