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Indonesia: Employers calls for shorter Idul Fitri holiday

The Indonesian Association of Synthetic Fiber Producers (APSYFI) has called on the government to revise its plan for a 10-day Idul Fitri holiday, arguing that the extended holiday would negatively affect industry production and exports. “We hope the government changes its plan. Learning from last year’s implementation, it will spark confusion on the field,” said […]

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Indonesian Enterprises Disagree with Facebook Closure Plan

TEMPO.CO, Manado – Deputy chairman of North Sumatra`s Chamber of Commerce and Industry (Kadin) said that the plan to block Facebook in Indonesia will certainly harm the country`s micro, small and medium enterprises (SMEs). “We refuse to have Facebook blocked, large numbers of SMEs have utilized the social media platform to promote and market their businesses,” said Ivanry, North […]

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Indonesia: Rupiah Down to 13.778 per USD After Fed Speech

TEMPO.CO, Jakarta – Jakarta inter-bank spot dollar rate (JISBOR) showed the rupiah depreciating by eight points to trade for Rp13,778 per US dollar on Thursday morning. Monex Investindo Futures analyst Faisyal said Thursday, April 19, that the US dollar is gaining over a number of world currencies after a Fed official’s speech showed the central bank’s optimism about the […]

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Indonesia: Perpetuals to boost long-term infrastructure investment, says minister

The National Development Planning Minister has said that the newly launched perpetual bonds (SBP) program will boost private sector participation in infrastructure projects across the country. The bond issuance aims to attract long-term investment fund managers at insurance companies, pension funds and the like, National Development Planning Minister Bambang Brodjonegoro, who is also head of the National Development Planning […]

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