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Indonesia looks abroad to lure investment

The government is courting foreign investors in a bid to lure investment to fuel its infrastructure development program, given the state budget’s limited capability to fund President Joko “Jokowi” Widodo’s ambitious infrastructure projects. National Development Planning Minister Bambang Brodjonegoro, who recently embarked on a roadshow to the United Kingdom, Australia and Ireland to pitch for […]

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Indonesia: Go-Pay users to be charged bank fees

State-owned lenders Bank Negara Indonesia (BNI) and Bank Mandiri will start charging users of Go-Jek’s digital payment platform, Go-Pay, when topping-up their balances. “Effective April 2018, every Go-Pay top up transaction through BNI’s e-channels (BNI ATM, BNI SMS Banking, BNI Internet Banking, BNI Mobile Banking) will be charged a Rp 1,000 [US$0.07] administration fee,” an […]

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Indonesia’s foreign debt reaches US$375.5 billion

Indonesia’s foreign debt reached US$375.5 billion in late January or a 10.3 percent growth compared to the same month last year, Bank Indonesia (BI) said on Thursday. The central bank added that the increase in foreign debt was mostly used to finance infrastructure projects and other productive activities. It said the government and BI debts […]

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Indonesian government warned about trade deficit

The Central Statistics Agency (BPS) has warned the government about the trade deficit. “The February trade deficit was lower than in January, but it needs serious attention because it occurred for three consecutive months,” said BPS head Suhariyanto in Jakarta on Thursday. BPS announced that Indonesia booked a US$116 million trade deficit in February, bringing […]

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