JAKARTA — Motorcycle sales in Indonesia fell 26.9% in June from a year earlier, data from an industry association showed on Thursday. These sales are also the biggest drop since July 2016, according to Thomson Reuters data. Sales stood at 379,467 motorbikes in June, down from 518,878 sold in the year-ago period. It was also […]
Read MoreTEMPO.CO, Jakarta – Indonesian State Officials predict that the country does not need to import gas in 2019. This is because there are extra productions from three fields, Jangkrik, Tangguh Train 3, and Masela Block. Directorate General of oil and gas, I Gusti Nyoman Wiratmaja Puja, claimed that the success of the fields that were designed to produce […]
Read MoreKUCHING: The third Malaysia-Indonesia Joint Trade and Investment Committee (JTIC) Ministerial Meeting in Kuching on Thursday discussed several key outstanding issues affecting bilateral trade between Malaysia and Indonesia, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. He said the meeting, among others, reviewed the 1970 Border Trade Agreement: trade restriction on Tebedu-Entikong border; […]
Read MoreTEMPO.CO, Jakarta – The Governor of Bank Indonesia (BI) Agus Martowardojo predicts that the second quarter of 2017 (April-June) will see slower economic growth due to the shift in government and consumer spending realization to the third quarter. Consumer spending has not increased as expected because Eid bonuses are paid in the third quarter. “Moreover, government spending is also […]
Read MoreSINGAPORE: Southeast Asian markets trod with caution on Thursday after minutes from the U.S. Federal Reserve’s last meeting showed policymakers were split on the outlook for inflation and how it might affect the future pace of interestrate rises. The minutes of the Fed’s June policy meeting released on Wednesday also showed that several officials wanted […]
Read MoreTEMPO.CO, Jakarta – Energy and Mineral Resources (ESDM) Minister Ignsius Jonan said that the government will not raise the basic electricity tariff from July 1 to December 31, 2017. “We will do our best not to raise the tariff from July 1 to December 31. We need the extraordinary competitiveness of industry. The president has asked not to raise the electricity tariff,” the minister stated on Wednesday. He also explained that regarding the basic electricity tariff (TDL) for housing, […]
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