Bank Indonesia (BI) recorded a slower foreign debt growth last November as the government and private sector repaid the principal due during the month while the latter also borrowed less. BI revealed on Wednesday that the country’s total foreign debt reached US$401.4 billion in November 2019, higher 8.3 percent year-on-year (yoy). The growth, however, was slower […]
Read MoreBank Indonesia (BI) recorded a slower foreign debt growth last November as the government and private sector repaid the principal due during the month while the latter also borrowed less. BI revealed on Wednesday that the country’s total foreign debt reached US$401.4 billion in November 2019, higher 8.3 percent year-on-year (yoy). The growth, however, was slower […]
Read MoreIndonesia booked a smaller trade deficit in December as exports of non-oil and gas products picked up while imports fell, Statistics Indonesia (BPS) announced on Wednesday. A US$30 million trade deficit was recorded in December, a stark contrast to the $1.33 billion deficit recorded in November, which was the highest in seven months, according to […]
Read MoreBANGKOK: Indonesia, Southeast Asia’s largest economy, is finally poised to take the title of the biggest equity market in the region. Its market value of $529 billion has nearly matched that of slumping Thailand, which snatched the top spot from Singapore in May, buoyed by a strengthening baht. With its currency giving back some gains […]
Read MoreOnline shoppers, prepare. The government is set to implement a new import regulation that will lower the maximum value of tax-free imported goods at the end of this month. Finance Ministerial Regulation (PMK) No.199/2019 sets the maximum value of non-taxable imported goods at US$3 per shipment, far lower than the current $75.The new regulation will […]
Read MoreA senior Indonesian minister has offered Mori territory in Central Sulawesi province as a potential investment for Emirate of Abu Dhabi crown prince Sheikh Mohamed bin Zayed. “The crown prince asked for an island with cool air and nice beaches. He really wants to invest there. We offered Mori land,” said Coordinating Maritime and Investment Minister […]
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