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Indonesia: Survey : Half of East Indonesians Have No Bank Accounts

TEMPO.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 […]

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Bank Indonesia Predicts Decline in Commodity Prices in 2018

TEMPO.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 […]

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Vietnam, Indonesia vessels clash in South China Sea

Indonesia 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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Indonesia: New Investment Can Spur Economic Growth in 2018, BI Says

TEMPO.CO, Jakarta – Central bank Bank Indonesia said the government`s economic growthtarget of 5.4 to 6.1 percent in 2018 could be achieved by increasing the realization of new investment, especially for productive sectors. Head of BI Monetary and Economic Policy Department Kepala Dody Budi Waluyo in Jakarta on Friday said contribution from new investment realization from corporates […]

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Bank Indonesia Predicts 5.1 Percent Growth

TEMPO.CO, Jakarta – The Governor of Bank Indonesia Agus Martowarojo has predicted 5.1 percent growth in the second quarter of 2017. If achieved, he said, the second and third quarter may see 5.2 percent growth. “The first quarter also grew higher compared to the previous one,” he said after the meeting of Bank Indonesia Governor […]

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