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Indonesia records $4.8 billion investment in digital economy

The Investment Coordinating Board (BKPM) recorded foreign investment of US$4.8 billion in the digital economy last year. “The realization, however, may take place over several years,” said BPKM head Thomas  Lembong during a press conference in Jakarta on Tuesday as reported by kontan.co.id. The figure indicates an annual growth of 30 to 50 percent in start-up […]

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Garuda Indonesia Wins Best Asean Airlines Program

TEMPO.CO, Cengkareng – Garuda Indonesia received an international award through the Asean Tourism Awards 2018 in Chiang Mai, Thailand, Friday, January 26. Garuda awarded for the Best Asean Airlines Program category. The award was given by the Minister of Tourism, Arief Yahya, to Director of Marketing and IT Garuda Indonesia, Nina Sulistyowati. Garuda Indonesia won because of the “AyoLiburan” […]

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Indonesia: Inflation recorded at 0.73 percent in January: BI survey

The Month-to-month inflation rate until the fourth week of January stood at 0.73 percent, a survey by Bank Indonesia has found. The figure is slightly higher than 0.71 percent recorded in December. The latest figure brought the year-on-year (yoy) inflation rate projection to 3.36 percent, said Bank Indonesia Governor Agus Martowardojo in Jakarta recently. The yoy inflation rate projection is still within […]

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Bank Indonesia considers issuing digital rupiah

Despite Bank Indonesia (BI) prohibiting the use of digital currencies like Bitcoin as a payment instrument, the central bank is considering issuing a cryptocurrency or digital rupiah. Assistant to BI executive director for payment systems Susiato Dewi said the digital rupiah would be trialled this year in an effort to help make  the payment system more efficient. “The physical banknotes we currently use may be converted […]

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Indonesia: Grab Puts Stickers on Its Vehicles to Support Government Rules

TEMPO.CO, Jakarta – The application-based transportation company, Grab Indonesia, supports the government to ensure that the driver-partner puts the special rent-labeled stickers on its vehicles. The sticker installation is one of the provisions stipulated in the Minister of Transportation Regulation No. 108 on the implementation of non-route public transport. Managing Director of Grab Indonesia Ridzki Kramadibrata said that he had […]

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