TEMPO.CO, Jakarta – Bank Indonesia (BI) noted that consumers’ optimism in March 2017 increased, as reflected in the Consumers’ Confidence Index. Last month, the index rose to 121.5 from February’s 117.1. “The index’s rise comes from the Current Economic Conditions’ Index (IKE) increase of 3.5 points to 108.7 and the Consumers’ Expectation Index’s (IEK) 5.3-point climb […]
Read MoreTEMPO.CO, Jakarta – Latest statistics by Bank Indonesia shows micro, small and medium-sized enterprises (SMEs) loan in February 2017 grew by 29.8 percent year-on-year (yoy) to Rp946.3 trillion compared to January 2017 at 8.5 percent to Rp780.2 trillion. However, microlending slipped by 4.3 percent to Rp176.7 trillion compared to the previous month at 9.3 percent to […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) reported that lending grew 8.4 percent year on year (YoY) to Rp4,333 trillion in February 2017, or an increase compared to January 2017 at 8.2 percent YoY. Working capital loans (KMK) and investment loans grew by 11.8 percent YoY and 9.7 percent YoY, respectively, BI spokesman Tirta Segara stated in […]
Read MoreJAKARTA: Indonesia’s rupiah may reverse gains that made it emerging Asia’s top performer in 2016 as some of the currency’s key supports risk turning into Achilles heels. President Joko Widodo’s economic reforms have underpinned the rupiah’s advance as have the highest Asian bond yields after Pakistan, which make its debt a favourite among foreign investors. […]
Read MoreTEMPO.CO, Jakarta – The Indonesian Government is focused in improving its ease of doing business indicator by reforming its tax and customs service sector. “The Finance Ministry has two, customs and taxation. Cross border transfer and the ease to pay tax,” says Minister of Finance, Sri Mulyani Indrawati, on Wednesday, March 29, 2017. Despite already […]
Read MoreTEMPO.CO, Jakarta – Head of Fiscal Policy in the Ministry of Finance, Suahasil Nazzara, said that the state revenue decline from the oil and gas sector sparked the urge to push tax revenues. He argues that it isn’t the time anymore to depend on revenues generated by the oil and gas sector. “That era of […]
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