Thailand and Indonesia hold the lion’s share of Vietnam’s car imports amidst challenges as the country seeks to prioritize local manufacturing. The two countries accounted for 88.7 percent of Vietnam’s total car imports in the first six months of this year, latest data from Vietnam Customs show. Imports of cars with 9 seats or less from […]
Read MoreIndonesia kicked off on Thursday operations of the country’s first microalgae-based biotechnology company, which is expected to ease the pharmaceutical industry’s dependency on imports of raw materials. Belonging to PT Evergen Resources, the facility was inaugurated by Health Minister Nila F. Moeloek in Kendal, Central Java. According to Evergen Resources founder and CEO Siswanto Haryanto, Evergen Resources […]
Read MoreJAKARTA: Indonesia must brace for a long period of global monetary policy easing, which will open the door for more interest rate cuts in South-East Asia’s biggest economy and a possible surge in foreign inflows, the nation’s newest central banker said. Destry Damayanti, 55, was approved by the parliament yesterday as the senior deputy governor […]
Read MoreSeveral Chinese developers, including China Fortune Land Developer (CFLD), are looking to expand their property businesses in Indonesia. Senior executives of the Chinese companies met with Coordinating Maritime Affairs Minister Luhut Pandjaitan at his office in Jakarta on Tuesday. During the meeting the Chinese businesspeople expressed their intention to expand their businesses in the country’s […]
Read MoreThe Supreme Audit Agency (BPK) has called on the Energy and Mineral Resources Ministry to create a more transparent mechanism in the decision-making process for investment in the oil and gas sector to ensure the law is upheld. BPK commissioner Rizal Djalil said on Tuesday a better mechanism in investment would help determine whether state […]
Read MoreCambodia can meet its 100,000 tonne annual export target to Indonesia if more focus is placed on fragrant rice, exporters have said. In 2012, Cambodia signed a memorandum of understanding (MoU) to export 100,000 tonnes of rice to Indonesia annually, but the target was never achieved. In 2016, the two nations then planned to sign […]
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