JAKARTA — Indonesia’s trade deficit is likely to have narrowed in December, following its largest trade gap in seven months in the prior month, a Reuters poll showed on Monday. The median forecast from 12 economists in the poll was for a trade deficit of about $470 million in December, following a revised $1.39 billion […]
Read MoreJAKARTA (AFP) – Indonesia and the United Arab Emirates (UAE) have struck nearly USD23 billion in business deals, including agreements in the energy sector and on infrastructure projects, the Southeast Asian nation said yesterday. The investments will be made through a new Indonesian sovereign wealth fund set to also involve Japan’s Softbank and United States […]
Read MoreINDONESIA’s Bank BRI will offer two trillion rupiah (S$194.1 million) of working capital loans through peer-to-peer lending platform Investree, a large portion of which will be allocated for entrepreneurs in the creative sector. The loans will be offered via invoice financing, where the borrower’s accounts receivable form the basis of each loan. Investree will conduct […]
Read MoreIndonesia’s 2019 state budget deficit totaled 2.2 percent of gross domestic product (GDP), wider than the government’s target of 1.8 percent due a revenue shortfall of around Rp 207.9 trillion (US$15 billion). The government collected Rp 1.96 quadrillion in state revenue last year, below its target of Rp 2.16 quadrillion, Finance Minister Sri Mulyani Indrawati […]
Read MoreThe government is looking to reform five issues in the current Labor Law that some say have deterred investment into the country through an omnibus bill on job creation. Manpower Minister Ida Fauziyah said the bill was still being discussed at the Coordinating Economic Ministry and that the discussions were expected to conclude next week […]
Read MoreIndonesia recorded inflation of 2.72 percent in 2019, the lowest level in around two decades, thanks to lower inflationary pressure from government-regulated prices, Statistics Indonesia (BPS) announced on Monday. The figure is far lower than the government’s 3.5 percent target as stated in the 2019 state budget and is within Bank Indonesia’s target of between […]
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