TEMPO.CO, Tangerang – The Central Statistics Agency (BPS) announced that the number of foreign tourist arrivals to Indonesia reached 1.02 million visits in March. The figure represents a 6.68 percent increase from February’s 957,600 visits. BPS chief Suhariyanto said in a press conference Tuesday that from January to March, there were 3.01 million foreign tourist arrivals […]
Read MoreTEMPO.CO, Jakarta – The Central Statistics Agency (BPS) reports that inflation rate in April was at 0.09 percent due to adjustment to non-subsidized 900 VA electricity tariff. As such, inflation of the calendar year (January-April 2017) was at 1.28 percent and year-on-year inflation in April was 4.17 percent. The inflation was due to price increases in […]
Read MoreTEMPO.CO, Jakarta – President Joko Widodo or Jokowi with the Indonesian Chamber of Commerce and Industry (Kadin) attended the 30th ASEAN Summit held in Manila, Philippine, on April 28-30, 2017. On the sidelines of the summit, Kadin was involved in a business dialogue with local businessowners held at Conrad Hotel in Manila on Monday Morning, […]
Read MoreTEMPO.CO, Jakarta – President Joko ‘Jokowi’ Widodo and Philippine President RodrigoDuterte on Sunday (30/4) launched a ferry route between the two countries. The roll-on, roll-off (roro) ferry is set to ply the Davao-General Santos-Bitung route. With the launch of the service, both leaders expected a boost in trade. Jokowi said said the trade between the two countries would […]
Read MoreJAKARTA — Indonesia’s central bank loosened regulations on reserve requirements on Friday to allow banks some flexibility to better manage liquidity, a step aimed at reducing volatility in the overnight money market. From July, banks must keep a minimum 5% of their total deposits at Bank Indonesia (BI) everyday and maintain at least a 6.5% […]
Read MoreTEMPO.CO, Jakarta – Indonesia is aiming for 5.6 percent economic growth in 2018. The government will turn its focus to six sectors to achieve the target. “[There are] six sectors, namely processing industry, particularly non-oil and gas, agriculture, trade, information and communication, construction, and financial services,” the National Development Planning Minister Soemantri Brodjonegoro said yesterday. […]
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