JAKARTA: Indonesia is drafting ambitious plans for more than $400 billion in building projects, from constructing 25 airports to new power plants, as the government seeks to stoke growth in Southeast Asia’s largest economy, according to the country’s planning minister. The sweeping proposal calls for a record 5,957 trillion rupiah ($412 billion) in investments from […]
Read MoreBank Indonesia (BI) will keep its interest rate unchanged amid rising uncertainties in the global financial market, adopting a monetary policy stance it called “cautious neutral” and “data dependent”. After a two-day board of governors meeting, the central bank maintained its policy rate – the seven-day reverse repo rate – at 6 percent, a level […]
Read MoreThe Health Care and Social Security Agency (BPJS Kesehatan) has revealed that 83.94 percent of the population, or 221 million people, are registered under the National Health Insurance and Healthy Indonesia Card (JKN-KIS) program. The state-owned agency’s customer service and expansion director, Andayani Budi Lestari, explained that about 32 million people were registered as employees of private companies. “There are 265,455 companies […]
Read More[JAKARTA] Indonesia posted its widest monthly trade deficit in history in April as exports slumped, while the pace of fall in imports were slower than expected, data from the statistics bureau showed on Wednesday. The resource-rich country booked the first deficit in three months at US$2.5 billion in April, and it was the widest ever, […]
Read MorePresident Joko “Jokowi” Widodo has signed Government Regulation No. 34/2019 on trading in border areas to regulate trade between Indonesians and foreigners who live along shared borders. “Trade in border areas […] is allowed in land and sea border areas,” Article 2 of the regulation states. The regulation stipulates that only Indonesians who live in […]
Read MoreThe government announced on Monday that it would lower the price ceilings for domestic economic class airfares by 12 to 16 percent, of both low-cost carriers and full service airlines, particularly for planes with jet engines. The new price ceilings will take effect May 15. “The government will not directly intervene in fares, but through […]
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