TEMPO.CO, Jakarta – Bank Indonesia (BI) recorded that Indonesian foreign debt by the end of July reached 339.9 billion USD or grew 3.9 percent compared to that of July 2016 year on year (yoy). Through BI Foreign Debt Statistics announced in Jakarta on Friday, Sept. 15, BI mentioned that based on borrower group, the annual growth of foreign debt of private sector decreased, while that […]
Read MoreTEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Darmin Nasution said that trade surplus produces in August 2017 will still continue in the following months. Darmin explained that to maintain the continuity of Indonesia’s trade surplus, due attention needs to be given to winter periods in the United States and European countries. “Surplus will still continue. We will see when winter begins in the US and Europe, […]
Read MoreTEMPO.CO, Jakarta – The Central Statistics Agency (BPS) reports that Indonesia posted a trade surplus of USD1.72 billion in August 2017. It was the highest figure since November 2011 at US$1.8 billion. The trade surplus was achieved owing to increased exports and dipping imports. Total exports last month stood at US$15.21 billion or increased by 11.73 percent (mom), whereas […]
Read MoreTEMPO.CO, Jakarta – The government has denied a rumor that it is planning to import liquefied natural gas (LNG) from Singapore. The Coordinating Minister for Maritime Affairs Luhut Pandjaitan said that the government is only negotiating a deal to build mini infrastructure that can transport LNG to small power plants. “It’s not an import deal. And it […]
Read MoreTEMPO.CO, Jakarta – The Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan said that he will give 5-10 percent stake in PT Freeport Indonesia to Papua local governments amid negotiations to divest the company’s 51 percent stake. Luhut said that divestment of Freeport’s stake is expected to be completed by 2019. According to him, the government will raise more […]
Read MoreTEMPO.CO, Jakarta – Motorcycle sales went up by 5.19 percent to 554,923 units in August, the Indonesian Motorcycle Industry Association (AISI) reported on September 12. All in all, the total motorcycle sales from January to August reached 3.79 million units, representing a slight decline of 0.05 percent compared to the same period last year. Increased sales figure […]
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