JAKARTA: A rise in religious conservatism in Indonesia is drawing talent away from what some view as un-Islamic jobs in banking, industry professionals say, creating hiring woes for conventional banks but a boon for the country’s fledgling sharia finance sector. The trend comes amid broader societal change in the world’s biggest Muslim-majority country, driven by […]
Read MoreJAKARTA (BLOOMBERG) – Indonesia is left with few easy options to bolster its economy as a virus resurgence threatens its recovery at a time when it is seeking to rein in debt and the United States Federal Reserve is turning hawkish. South-east Asia’s largest economy cut rates last year and rolled out stimulus spending as the pandemic […]
Read More* Key rate kept at record low of 3.50% * C.bank governor pledges to keep stabilising rupiah * Sees prospect of Fed tapering from Q1 2022 (Adds economist comment, new governor quote) JAKARTA, June 17 (Reuters) – Indonesia’s central bank held its benchmark rate at a record low on Thursday as it sought to keep […]
Read More[JAKARTA] Bukalapak, Indonesia’s No. 4 e-commerce firm, is keen to raise as much as US$800 million in an initial public offering (IPO) in August, two people with knowledge of the matter said, in what is likely to be the biggest by a startup in the Southeast Asian nation. Tapping a sharp pickup in investor interest […]
Read MoreJAKARTA: Indonesia’s export growth shot up on a yearly basis to an 11-year high in May, supported by high commodity prices and a low base effect, while imports also jumped as domestic demand rose, official data showed on Tuesday. Exports rose 58.76% to $16.60 billion, the biggest increase since January of 2010 due to a […]
Read MoreJAKARTA: Indonesia aims to sell only electric cars and motorcycles by 2050 to replace vehicles powered by combustion engines, the country’s energy minister said on Monday, as the Southeast Asian country seeks to reduce its carbon emissions. All motorcycles sold from 2040 will be electric-powered, while all new cars sold from 2050 will be electric […]
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