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Indonesia: Rupiah at Rp13,306 Monday Morning

TEMPO.CO, Jakarta – The rupiah was trading stronger by 42 bps to Rp13,306 per US dollar in Jakarta inter-bank market this morning. Binaartha Sekuritas analyst Reza Priyambada today said that appreciation in global crude prices has allowed the rupiah to move to a positive area. “Appreciation in global crude prices has boost commodity prices, such condition has […]

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Indonesia: BPS Announces Post Eid Inflation Rate

TEMPO.CO, Jakarta – The Central Statistics Agency (BPS) recorded June’s inflation rose 0.69 percent to 4.27 percent compared to the previous month. BPS chief Suhariyanto said on Monday that June’s inflation rate was affected by electricity tariff adjustments, airfare and city transportation fees, “while food prices were relatively under control.” For the first semester, the inflation rate […]

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Indonesia: Govt to Improve Beef Trade System

TEMPO.CO, Jakarta – Trade Minister Enggartiasto Lukita said that beef trade system will be improved to cut the price. “We will assess everything starting from the slaughter house (RPH), we will regulate everything,” he said in Bandung on Wednesday (28/6). He explained that one of the measures taken is by supplying the market with imported frozen beef. “We will supply the frozen meat, it will make the price stable.” Enggartiasto admitted […]

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Indonesia sets tariff ranges for Uber, Grab

JAKARTA — Indonesia has set minimum and maximum tariffs for online car-hailing services, aiming to ensure comparable pricing with conventional transport providers whose drivers have complained about being undercut by their newer competitors. Ride-hailing services such as US group Uber Technologies Inc, Southeast Asia’s Grab and Indonesia’s GO-JEK have heavily subsidised their drivers in Indonesia in order to gain market share […]

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Indonesia: Number of Homecoming Travelers by Plane Increases 11.57 Percent

TEMPO.CO, Jakarta – The number of homecoming travelers by plane on the second day of Eid al-Fitr increases by 11.57 percent.  Transportation Ministry secretary-general Sugihardjo said today that the increase was attributable to two things: stronger people’s purchasing power and infrastructure development. In addition, the number has increased owing to extra flights offered by airlines. “More frequent flights were […]

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