JAKARTA: Indonesia’s easing cycle is set to last long as policymakers in South-East Asia’s biggest economy take steps to deal with a deteriorating global economic landscape, according to Bank Indonesia’s new senior deputy governor Destry Damayanti. Damayanti, who was sworn in by the country’s Supreme Court chief justice in Jakarta yesterday, said the economy is […]
Read MoreThe government has set the country’s coal reference price (HBA) for August at US$72.67 per ton, a slight increase from $71.92 per ton the previous month. Energy and Mineral Resources Ministry spokesman Agung Pribadi said little change was expected in coal prices on the world market this month. “The market is relatively the same as the […]
Read More“Honestly, to me, it’s still a miracle that we have an office here with that view. From that two-storey house in Jakarta, I never thought we’d get here,” says Raditya Wibowo. Mr Wibowo is the global head of transport at GoJek. As one of the early employees of the firm, he has seen the company grow from […]
Read MoreTelecommunications company Indosat Ooredoo plans to invest two trillion rupiah ($140.5 million) to expand its fourth-generation (4G) network coverage in Indonesia from 81 per cent to 90 per cent of the 264 million population by the end of this year. Chief operating officer Vikram Sinha said Indosat Ooredoo would add 18,000 base transceiver stations (BTS), […]
Read MoreJAKARTA: Indonesia’s economic growth rate remained around 5% in the second quarter and was the weakest in two years, highlighting the difficulties it faces accelerating GDP expansion amid global uncertainties. South-East Asia’s largest economy grew 5.05% in April-June, a touch cooler than January-March’s 5.07%, the statistics bureau said yesterday. The pace matched the forecast in […]
Read MoreIndonesia’s Mandiri Bank, a state-owned institution, has announced its intention to enter the Cambodian and Laotian markets and has set up large investment funds to aid the move. For in depth analysis of Cambodian Business, visit Capital Cambodia Local media reported on Friday that Rohan Nafas, Mandiri Bank corporate secretary, said the bank is now studying […]
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