TEMPO.CO, Jakarta – The Central Statistics Agency (BPS) chairman Suhariyanto said that foreign tourist arrivals in May 2017 hit 1.16 million. The figure was an increase compared to April 2017 or 26.66 percent compared to May 2016. “It’s an encouraging trend because the number of foreign tourists rises consistently month-over-month,” Suhariyanto told a press conference in BPS […]
Read MoreTEMPO.CO, Jakarta – Nurhaida, the Financial Services Authority’s director for market supervision, asks 7-Eleven’s holding company Modern Internasional’s (IDX: MDRN) to provide transparent public disclosure following the closing of all 7-Eleven stores in June. Nurhaida said the 7-Eleven’s closing has become a public discourse. “Because their parent company is an open company, then in accordance to provisions, there must […]
Read MoreTEMPO.CO, Jakarta – The government will issue a presidential regulation (Perpres) on retailers and minimarket businesses in Indonesia. Coordinating Minister for the Economy Darmin Nasution said the rule will be followed by a Trade Ministers Regulation. Darmin said in Jakarta on Monday that his ministry has finished discussing the bill. He asserted that the regulation is not aimed at […]
Read MoreTEMPO.CO, Jakarta – The Indonesian Government has agreed to extend Freeport Indonesia’s permit to operate its business parallel to building a smelter. The agreement was reached in a meeting at the Finance Ministry on Tuesday, July 4. According to the deputy of mining, strategic industries, and media at the State Owned Entreprises (SOE) Ministry, Fajar Harry Sampurno, the meeting […]
Read MoreTEMPO.CO, Jakarta – The Trade Ministry will determine the prices for cooking oil in similar ways to the domestic market obligation (DMO) scheme. “Cooking oil producers are obliged to have a percentage of their total production to be sold for a price set by the government,” Trade Minister Enggartiasto Lukita said in Jakarta, Tuesday, July 4. The […]
Read More[JAKARTA] Indonesia set minimum and maximum tariffs for online car-hailing services in a bid to ensure comparable pricing with conventional transport providers and address complaints of undercutting, sending shares of the nation’s top two taxi firms soaring. Ride-hailing services such as US group Uber Technologies Inc, Southeast Asia’s Grab and Indonesia’s GO-JEK have heavily subsidised […]
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