Coordinating Economic Minister Darmin Nasution has warned that Indonesia relied very much on foreign capital because of the low savings rate among Indonesians. He considered it to be a factor of a weak fundamental economy. The minister said foreign capital entered Indonesia through portfolio investment such as stocks and government debt papers. Darmin explained about […]
Read MoreTEMPO.CO, Jakarta – Around 35 percent of Indonesian men have been actively shopping online, they do the transactions twice as much as women. Country Brand Manager of Shopee, Rezki Yanuar said that one of the reasons is the price of goods that are purchased by men are relatively expensive. “The average transaction for men is twice than women’s. Men […]
Read MoreState-owned secondary mortgage financing firm PT Sarana Multigriya Finansial (SMF) on Thursday launched a series of participation certificates for asset-backed securities, the EBA-SP BTN 01, in a move that aims to increase its issuance of asset-backed securities (EBA) for retail investors. SMF is collaborating with BNI Sekuritas to utilize the latter’s customer base and extensive marketing network in order to attract […]
Read MoreThe Energy and Mineral Resources Ministry has extended PT Freeport Indonesia’s (PTFI) temporary special mining permit (IUPK) for another month after it expired on Tuesday. “Yes, the Freeport IUPK has been extended until Aug. 31,” Energy and Mineral Resources Ministry mineral and coal director general Bambang Gatot Ariyono said on Wednesday as reported by kontan.co.id. With […]
Read MoreIndonesia on Wednesday sent 5,600 tons of shallots to Thailand, the first shipment in a total of 9,000 tons of shallots to be exported to the country this year. “In the past, we imported shallots from Thailand, but now we export the commodity to the country,” said Agriculture Minister Andi Amran Sulaiman when releasing the […]
Read MoreBank Indonesia has replaced the overnight Jakarta Interbank Offered Rate (JIBOR) with the new, market-based Indonesia Overnight Index Average (IndONIA), it announced on Wednesday during a press conference in Jakarta.. BI financial market development director Yoga Affandi explained that the JIBOR was based on the average loan rate quotations that 24 contributing banks sent in the morning and […]
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