JAKARTA, Aug 7 (Reuters) – Indonesia’s economy grew at the same pace in the second quarter as in 2017’s first period, below market expectations, statistics bureau data showed on Monday. Southeast Asia’s largest economy grew 5.01% in April-June from the same period last year, the bureau said, identical with the first quarter result. A Reuters […]
Read MoreJAKARTA: Indonesia on Monday is expected to announce slightly higher economic growth in the second quarter, as weak consumption is crimping the country’s ability to get the pace well above 5%. In every quarter since the start of 2014, growth has hovered around 5%, which many analysts say is not enough to escape the so-called […]
Read MoreJAKARTA: Indonesia wants Chevron Corp and ConocoPhillips to submit proposals to renew their licences to operate oil and gas fields as the former Opec member seeks to reverse a decline in energy investments. Energy and Mineral Resources Minister Ignasius Jonan asked Chevron executives last week to inform the ministry about the explorer’s plans for Indonesian […]
Read MoreTEMPO.CO, Jakarta – The government will announce the latest economic policy package before August 17, said the Coordinating Minister for Economic Affairs Darmin Nasution. “Therefore, in two weeks’ time, the government will issue a major deregulation package that would substantially change investment permit process. [An announcement will be made] before August 17,” Darmin said in Jakarta today, August 1. According […]
Read MoreTEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Darmin Nasution predicted that the inflation rate will reach four percent by the end of 2017. However, he said that the government will attempt to suppress it below four percent. “I expect it will be 4 percent. But we will do our best to keep it lower,” said Minister Darmin on Tuesday, August 1. In July 2017, the Central Statistics Agency (BPS) recorded that the consumer price index experienced […]
Read MoreTEMPO.CO, Jakarta – The Coordinating Minister for Economic Affairs Darmin Nasution said that he expects all special economic zones (SEZ) to operate this year. The government is currently developing SEZs in 11 regions: seven manufacturing economic zones and four tourism economic zones. “Mandalika SEZ will hopefully be inaugurated this month, followed by Palu SEZ,” Darmin said yesterday, August 1, at […]
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