INDONESIA’S investment realisation of domestic and foreign direct investment accelerated in the third quarter of 2019, which “reflects confidence among investors in the Indonesian economy following the election victory of the incumbent President Joko Widodo”, UOB economists said in a Nov 12 note. Overall, total investment realisation grew 18.4 per cent year on year, accelerating from […]
Read More[JAKARTA] Indonesia has allowed nine companies to resume nickel ore exports after inspections into reports of ore export rules violations, Heru Pambudi, the director general of the country’s customs office, said on Monday. Among the companies allowed to export ore again are state-controlled miner PT Aneka Tambang and PT Trimegah Bangun Persada, according to an […]
Read MoreIndustry Minister Agus Gumiwang Kartasasmita has announced that projects funded by the state budget will be obliged to purchase and use only locally made hoes in an attempt to boost the local industry. “The quality of locally produced [hoes] is good, and they are ready to use,” Agus said on Thursday. The minister explained that […]
Read MoreIndonesia’s foreign exchange (forex) reserves rose to US$126.7 billion in October, the highest level in 20 months, driven by the government’s global bonds issuance and forex records from the oil and gas sector, Bank Indonesia (BI) announced on Thursday. The current reserve level, which indicated a $2.4 billion increase from the previous month, is enough […]
Read MoreOnline streaming services such as US-based Netflix and Malaysia-based Iflix are contributing to the country’s sluggish economic growth as investment in intellectual property comes under pressure, Statistics Indonesia (BPS) has warned. BPS balance and statistics analysis deputy head Sri Soelistyowati said that weakening investment growth of 4.21 percent in the third quarter, the lowest level […]
Read More[JAKARTA] Indonesia’s Finance Minister Sri Mulyani Indrawati defended the nation’s statistics, saying there was no manipulation of the economic growth figures after some analysts questioned the unusual stability of the data. “The government never intervenes in the statistics,” Indrawati said in a phone interview from Dubai on Wednesday. Statistics Indonesia, known as BPS, is independent […]
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