JAKARTA: Indonesia’s annual inflation rate eased to 4% in May, matching the upper end of the central bank’s target range earlier than expected, according to data from the statistics bureau. Inflation in South-East Asia’s largest economy had been above Bank Indonesia’s (BI) 2% to 4% target range since June 2022 due to pressures from rising […]
Read MoreJAKARTA: Foreign arrivals to Indonesia in April were down 0.39% compared with the previous month due to slow demand during the Islamic fasting period, according to data from the statistics bureau. The South-East Asian country recorded 865,810 tourist arrivals in April versus a revised number in March of 869,243, data showed. In April last year, […]
Read MoreIndonesia and Malaysia will delay trade talks with the European Union (EU) while they seek fairer treatment for small palm oil producers, the Financial Times reported on Wednesday. Malaysia’s Deputy Prime Minister Fadillah Yusof said the EU’s recently adopted law banning the import of products that come from land cleared of forests was “punitive and […]
Read MoreKUALA LUMPUR, May 31 ― Maybank is making it easier for MAE app users to make payments while travelling to Thailand, Indonesia and Singapore. Meanwhile, existing Maybank QRPay merchants can also accept payments from tourists that use supported payment apps from the three countries. The international QR payment feature is enabled through the collaboration between Bank Negara Malaysia and PayNet. With the […]
Read MoreJAKARTA: The government lifted a ban this month on the export of dredged sand that had been in place for more than 20 years, in a move it claims will bring in badly needed revenue but that activists say will further degrade the country’s vital marine ecosystems. The regulation was signed by President Joko “Jokowi” […]
Read MoreINDONESIA has lifted a 20-year-old ban on sea sand exports, a copy of a government regulation showed. The measure could help land-expansion projects in neighbouring Singapore, but there is concern among environmentalists about marine habitats. Indonesia first scrapped sea sand exports in 2003 and reaffirmed that in 2007, in a move against illegal shipments. Before the […]
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