Jakarta (ANTARA) – Indonesia’s business and industry sectors have a strategic role in reducing the unemployment rate, according to Coordinating Minister for Human Development and Cultural Affairs, Muhadjir Effendy. Data from Statistics Indonesia (BPS) shows that Indonesia recorded a 5.86 percent open unemployment rate in 2022, reflecting a slight decline of 0.63 percent compared to […]
Read MoreTrade between Cambodia and Indonesia rose by 43.2 percent to $304 million in the first quarter of this year, according to a recent General Department of Customs and Excise report. The trade has just received a boost following Indonesia AirAsia started operating direct flights between the two countries. Apart from trade, direct flights can also […]
Read MoreJAKARTA — Indonesia’s central bank on Tuesday left its seven-day reverse repo rate unchanged at 5.75% for a third consecutive meeting. “This decision is consistent with the preemptive and forward-looking stance of monetary policy to ensure the continued decline in inflation,” Bank Indonesia Gov. Perry Warjiyo told reporters at a briefing. All 30 economists in […]
Read MoreJAKARTA: Indonesia’s central bank on Tuesday (Apr 18) kept its benchmark interest rates unchanged for a third straight meeting, predicting headline inflation would be back within its target sooner and after the rupiah currency strengthened significantly. Southeast Asia’s biggest economy has been supported by a commodities-led export boom, though economists expect a slowdown in growth […]
Read MoreJAKARTA: Indonesia is considering a tourism levy for visitors to Bali, adding another potential hurdle for holidaymakers after the island cracked down on traffic and visa breaches. The tax would raise funds for conservation projects including mangrove and coral reef replanting to ensure visitors would have a positive impact on the local environment, Tourism Minister Sandiaga […]
Read MoreIndonesia managed to post a trade surplus in March, but it was much lower than the previous month’s Trade surplus narrows Indonesia posted yet another month of trade surplus in March, although a drop in exports meant it was smaller than expected. Exports fell 11.3%, slightly better than expected but weighed down by contractions in exports of […]
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