JAKARTA • Indonesia’s central bank, Bank Indonesia (BI), kept its benchmark interest rate unchanged at its first meeting this year with policymakers remaining on guard against the risk of capital outflows. Governor Agus Martowardojo and his board held the seven-day reverse repurchase rate at 4.75 per cent yesterday, as forecast by economists. The prospect of […]
Read More[JAKARTA] Indonesia has adopted a new scheme for future oil and gas production sharing deals so that contractors shoulder the cost of exploration and production, rather than being reimbursed by the government. Under the shake-up, flagged late last year, contractors will retain a bigger portion of the oil and gas they recover in return for […]
Read MoreINDONESIA saw its external debt continue to grow slowly in November as companies reduced foreign loans, Bank Indonesia (BI) data has shown. The data showed that Indonesia’s foreign debt grew by 3.6 per cent year on year to US$316 billion (Bt11.1 trillion) as of November last year, slower than the 6.5-per-cent year-on-year growth a month […]
Read MoreTEMPO.CO, Jakarta – The Central Statistics Agency (BPS) announced a trade surplus of US$8.78 billion in 2016. This is an increase from 2015’s surplus of US$7.7 billion. According to the agency, the processing industry served as the backbone of last year’s trade, contributing 76 percent of the total exports value. BPS chief head said that although […]
Read MoreTEMPO.CO, Jakarta – The Finance Ministry’s Tax Directorate General reported a slowdown of tax revenue in 2016 compared to 2015. “Currently, the growth [of the tax revenue] is slowing down. The revenue had missed the target,” Tax DG’s director of tax compliance and revenue Yon Arsal said at his office in Jakarta on Tuesday, January 17, […]
Read MoreJAKARTA: Indonesia’s exports rose faster than expected in December onstronger commodities prices, helping to narrow the pace of decline in full-year trade for the resource-dependent economy. Shipments from South-East Asia’s largest economy in 2016 were worth US$144.4bil. This was down 3.95% from a year earlier, data from the statistics bureau showed yesterday, slower than the […]
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