TEMPO.CO, Jakarta – Head of the Central Statistics Agency (BPS) Suhariyanto said inflation rate in May this year is likely to be higher than that in April 2017 that was recorded at 0.09 percent. “It seems that inflation in May will be higher but it is not significant because the government has taken control of prices,” Suhariyanto […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia expressed optimism that the Indonesia’s economic growthwould stand above 7 percent this year after the country faced global uncertainty due to the US monetary policy and plummeting commodity prices last year. “To ensure the prosperity of Indonesian people, 5 percent [economic growth] wouldn’t be enough. [The economy] needs to grow […]
Read MoreTEMPO.CO, Jakarta – The Investment Coordinating Board (BKPM) chairman Thomas Lembong expects US$5-10 billion investment in Indonesia (RI) in the next 1-2 years after ratings agency Standard & Poor’s (S&P) upgraded Indonesia’s credit rating. “It’s equal to Rp70-130 trillion investment in Indonesia thanks to S&P upgrade,” he said yesterday. According to Thomas, the rating upgrade […]
Read MoreTEMPO.CO, Jakarta – The National Development Planning Agency (Bappenas), in collaboration with Australia and Switzerland, conducted a survey in 2016 on the finance inclusion in East Indonesia. Twenty thousand respondents took part in the survey throughout East Java, West Nusa Tenggara, East Nusa Tenggara, and South Sulawesi. The report reveals that 41 percent of citizens living in […]
Read MoreTEMPO.CO, Jakarta – The Governor of Bank Indonesia Agus Martowardojo predicts a slightdecline in commodity prices next year. It would have an impact on the government’s economic growth target of 5.4-6.1 percent set out in draft 2018 state budget. “We expect consolidation of real sector, corporations and banks to be concluded so that 2018 could […]
Read MoreIndonesia says several Vietnamese fishing vessels escaped its waters following a show of force by Vietnam’s coast guard in the South China Sea. Indonesia’s Maritime and Fisheries Ministry said Tuesday that Vietnam is holding an Indonesian fisheries officer, who was aboard one of the Vietnamese vessels, and Indonesia has 11 Vietnamese crew members in its […]
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