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Indonesia: Capital Flow to Developed Countries Exceeds One Trillion Dollars

TEMPO.CO, Jakarta – The research conducted by the Institute of International Finance (IIF) shows that developed countries will attract capital investments exceeding US$1 trillion or Rp13,463.6 trillion in 2017. According to IIF Executive Director Hung Tran, the positive atmosphere first started in 2014 during the improved economy of developing countries. In a report published on Tuesday in […]

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Indonesia – Sri Mulyani: Govt to Focus on Eradicating Poverty in Q3

TEMPO.CO, Jakarta – Finance Minister Sri Mulyani said that the government will focus on eradicating poverty, infrastructure development and public service improvement in the third quarter this year. “Because they will have positive impacts. In the third quarter, the government will be focusing on their implementation,” she said yesterday. In the third quarter, Sri Mulyani said, ministries and state […]

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Indonesia: Bali town counts cost of warnings

AMED, Indonesia: A Balinese town once bustling with holidaymakers has almost emptied of tourists after warnings that nearby Mount Agung could erupt at any time — a snapshot of the growing cost the rumbling volcano poses to Indonesia’s economy. Business has slumped at many hotels, dive resorts and restaurants in towns around the volcano since […]

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Indonesia: Jokowi Tells Ministers to Facilitate Investors

TEMPO.CO, Jakarta – President Joko Widodo (Jokowi) has warned ministers and heads of state agencies to facilitate investors. Any problems or obstacles faced by investors, he said, should immediately be addressed. “Don’t let investors wait and see. The business world must be facilitated, assisted,” he said yesterday in a cabinet meeting at the State Palace. He said […]

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Indonesia: Foreign Tourist Arrivals Up 25 Percent in August

TEMPO.CO, Jakarta – The Central Statistics Agency (BPS) chairman Suhariyanto said that foreign tourist arrivals from January to August was recorded at 9.25 million or soared by 25.68 percent compared to the same period last year of 7.36 million. August 2017 saw 1.40 million foreign tourist arrivals, representing a 36.11 percent increase on a year on year […]

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Indonesia: BI Suspends 4 e-Money Products

TEMPO.CO, Jakarta – Bank Indonesia (BI) has suspended the services offered by four e-money platforms. BI official says that the products are not licensed. The products are BukaDompet by Bukalapak, TokoCash by Tokopedia, ShopeePay by Shopee, and Paytren by Yusuf Mansyur. BI director of electronification program at the payment system policy and supervision department Pungky Purnomo Wibowo said the action was taken because the four […]

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