Indonesia’s trade deficit reached US$2.05 billion in November, Statistics Indonesia (BPS) announced on Monday. The figure is higher than the $2.03 billion recorded in July, which was then the highest deficit in the last five years. The increase was triggered by a $1.46 billion monthly deficit in oil and gas trade despite declining oil prices, both […]
Read MoreThe Communications and Information Ministry is closely monitoring startups that provide digital signatures services to prevent any misuse, an official has said. To do so, the ministry has armed itself with Ministerial Regulation No. 11/2018 on electronic certification vendors, which was issued on Sept. 6. The regulation contains 14 requirements for the digital signature vendors, including a requirement to possess a […]
Read MoreJAKARTA: Indonesia on Sunday signed an economic agreement with the European Free Trade Association (EFTA) aimed at increasing trade and investment, concluding almost eight years of negotiations. Under the deal, tariffs and non-tariff barriers would be eliminated for thousands of products traded between Indonesia and the EFTA countries – Switzerland, Liechtenstein, Norway and Iceland, according to government statements. Among those products, Indonesian […]
Read MoreGoogle data has shown that eight out of 15 of the most trending keywords in the country were related to major sporting events, particularly soccer matches. “These were the keywords that rose the fastest in searches this year compared to last year, not the most searched keywords,” said Google Indonesia search marketing manager Mira Sumanti […]
Read MoreBank Indonesia (BI) has assured the public that Indonesia’s economic fundamentals are improving, as indicated by the increase in foreign exchange reserves. Therefore, the central bank believes the unstable rupiah exchange rate is triggered by external factors. BI deputy governor Dody Budi Waluyo said in Surabaya on Thursday that foreign exchange reserves had increased by US$2 billion […]
Read MoreBank Indonesia has said China’s WeChat Pay and Alipay as well as other foreign payment platforms can set up shop in Indonesia, but they are only allowed to target foreign tourists’ payment transactions. To be able to operate in the country, the central bank requires foreign platforms to cooperate with local banks that have core […]
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