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Indonesia: Govt Refuses Japan’s Offer of Jakarta – Surabaya Fast Train

TEMPO.CO, Jakarta – The Japan International Cooperation Agency (JICA) offers a fast train concept between Jakarta and Surabaya with a train that runs 120 kilometers per hour. The offer was delivered by the Japanese government’s delegation received by President Joko Widodo at the Presidential Palace in Jakarta, yesterday. Transportation Minister Budi Karya Sumadi said the Indonesian government […]

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Indonesia has 27 Percent Pharmaceutical Market Share in ASEAN

TEMPO.CO, Jakarta – Industry Minister Airlangga Hartarto said the national pharmaceutical industry continues to show positive performances. According to Airlangga, the market value of Indonesia’s pharmaceutical products has reached US$4.7 billion. “It is equivalent to 27 percent of the total market in ASEAN,” Airlangga said in an e-mail yesterday. When attending the 60th anniversary of Bayer’s operations […]

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Indonesia: Low Inflation Rate Reflects Success in Controlling Price: BI

TEMPO.CO, Jakarta – Bank Indonesia (BI) Governor Agus Martowardojo asserted the low coreinflation and deflation do not necessarily mean low public purchasing power. Instead, the deflation and low core inflation reflect government’s success in controlling prices. “Core inflation does not necessarily reflect weak purchasing power,” Agus said after a meeting with President Joko Widodo or Jokowi at the […]

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Indonesia: Govt to Lower Tax Charges for SMEs

TEMPO.CO, Jakarta – The government continues to prepare for lowering tax charges for micro, small and medium-sized enterprises (SMEs) from 1 percent to 0.25 percent. Suahasil Nazara, head of Fiscal Policy Agency, the Finance Ministry, said that the government will carry out an evaluation to boost tax compliance of small businesses. The Finance Ministry has included the […]

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Indonesia: Rupiah Weakens against US Dollar after N. Korea Nuclear Test

TEMPO.CO, Jakarta – The rupiah was trading weaker by 1 point to Rp13,319 per US dollar in Jakarta inter-bank market this morning. Binaartha Sekuritas analyst Reza Priyambada said this morning that negative sentiments following rising tensions in the Korean Peninsula have prompted investors to hold their transactions on assets in developing countries, including Indonesia, halting the currency […]

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Indonesia: August Inflation Expected to be Low

TEMPO.CO, Jakarta – Economist at SKHA Institute for Global Competitiveness, Eric Alexander Sugandi estimated that inflation in August would not be high. According to him, there is even a potential of deflation, albeit small. Eric added that low inflation was triggered by the prices of basic food that have gone back to normal, especially after Eid Day. “Price normalization […]

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