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Darmin to Europe to iron out palm oil row with EU Parliament

Sat, 24 Jun 2017 10:15:01 +0700

Coordinating Minister for Economy Darmin Nasution said he would visit Europe for talks with the European Parliament hoping to avert EU discrimination against Indonesian palm oil. Indonesia has expressed deep ...



Government not to raise fuel price until Sept: Minister

Fri, 23 Jun 2017 05:00:01 +0700

The government has decided not to increase fuel oil prices until Sept. this year, Energy and Mineral Resources Minister Ignasius Jonan said. "The government has decided not to raise the prices of fuel oils, notably RON-88 ...



Bali`s economy predicted to grow 6.19 - 6.59 percent

Fri, 23 Jun 2017 01:12:54 +0700

The representative office of Bank Indonesia for Bali said the economy of the province is predicted to grow 6.19 - 6.59 percent in the third quarter of this year. The growth is driven by growing demands and availability ...



Indonesia ready to clarify palm oil ban issue: Minister Hartarto

Thu, 22 Jun 2017 16:54:04 +0700

(image) The Indonesian government is ready to provide an explanation regarding palm oil ban to the European Union (EU) parliament, Industry Minister Airlangga Hartarto said here on Thursday. A clarification is needed to provide ...



BEI index hits a new record high

Thu, 22 Jun 2017 00:18:36 +0700

The composite share price index (IHSG) of the Indonesian Stock Exchange (BEI) hit a new record closing at 5,818.55 points on Wednesday. The index closed 26.64 points or 0.46 percent higher than on Tuesday with index ...



Over two million Chinese tourists to visit Indonesia in 2017

Wed, 21 Jun 2017 07:18:17 +0700

The number of Chinese tourists visiting Indonesia is estimated to reach more than 2 million tourists in 2017, an official said. Charge dAffaires of the Embassy of the Peoples Republic of China in Jakarta Sun Weide said here ...



Indonesian supermarket opened in Qatar

Tue, 20 Jun 2017 07:24:06 +0700

A supermarket selling Indonesian products was opened in the Messaieed City, located around 40 kilometers from Doha, Qatar. The Indonesian supermarket, called KWIQ Supermarket, was officially opened to the public on June 17 ...



Budget deficit to widen to 2.6 percent of GDP: Finance minister

Tue, 20 Jun 2017 07:08:32 +0700

(image) A deficit in the 2017 state budget is expected to widen to 2.6 percent from the targeted 2.41 percent of the gross domestic product (GDP) due to extra priority spending, Finance Minister Sri Mulyani Indrawati said. "We are ...



Market anticipates Fed`s decision to raise interest

Sun, 18 Jun 2017 05:33:24 +0700

The financial market has anticipated the Federal Reserves decision to raise its benchmark rate, Indonesian Coordinating Minister for Economic Affairs Darmin Nasution said. "The market has made adjustment (on the ...



President complains about monotony of key plants grown in regions

Sun, 18 Jun 2017 05:05:49 +0700

Indonesian President Joko Widodo (Jokowi) has complained about the monotony of key plant commodities being developed in several parts of the country. The president made the remarks after inaugurating Kali Galeh suspension ...



New economic policy package expected to improve current account deficit: BI

Sat, 17 Jun 2017 04:57:52 +0700

Bank Indonesia has expressed the hope that the recently-launched 15th economic policy package will lower services transaction account deficit and will eventually improve current account deficit. The current account ...



BI estimates economic growth at 5.17 percent in 2017

Sat, 17 Jun 2017 03:06:07 +0700

Governor of the Indonesian Central Bank (BI) Agus Martowardojo has lowered the projection of economic growth for 2017 to 5.17 percent year-on-year (yoy), from 5.2 percent yoy. "I see a major correction in the third quarter ...



Bank Indonesia revises down economic growth projection

Sat, 17 Jun 2017 03:04:02 +0700

(image) Bank Indonesia Governor Agus Martowardojo said the central bank has revised down its target for the countrys economic growth this year from 5.2 percent to 5.17 percent year-on-year. "I foresee there is indeed a ...



Indonesia highlights commitment on trade cooperation with UNCTAD

Fri, 16 Jun 2017 06:41:26 +0700

Indonesia affirms its commitment to strengthening trade and development cooperation with the United Nations Conference on Trade and Development (UNCTAD), noted a press statement from Indonesias permanent representative in Geneva ...



Government seeks to reduce electricity tariff: Energy minister

Fri, 16 Jun 2017 06:38:04 +0700

Indonesias Energy and Mineral Resources Minister Ignatius Jonan said that the government would seek to reduce electricity tariff for all subscribers to relieve the burden of the people. "The government has a commitment that ...



AP II to operate nine other airports

Fri, 16 Jun 2017 06:15:26 +0700

Angkasa Pura II would operate nine other airports in addition to the 13, which are already being operated currently in Western Indonesia area. Angkasa Pura (AP) II head, Awaluddin, said in Jakarta on Thursday that those ...



Minister visits China to follow up on bilateral cooperation

Fri, 16 Jun 2017 06:12:31 +0700

Coordinating Maritime Affairs Minister Luhut Binsar Pandjaitan is on a work visit to Beijing on June 15-17 to follow up on the bilateral meetings between Indonesian President Joko Widodo (Jokowi) and Chinese President Xi ...



Indonesia`s economy grows to 5.3 percent in 2018: World Bank

Fri, 16 Jun 2017 05:48:34 +0700

(image) Indonesias real GDP growth is projected to increase from 5.2 percent this year to 5.3 percent in 2018, according to the World Banks June 2017 Indonesia Economic Quarterly. "Real GDP growth strengthened to 5.0 percent ...



BI maintains reference rate at 4.75 percent

Fri, 16 Jun 2017 05:25:29 +0700

Bank Indonesia (BI) has decided to maintain its "7-Day Reverse Repo Rate" at 4.75 percent for the eighth time in a row to preserve macro-economic stability following the Federal Reserves interest rate increase and to anticipate ...



Tourism Ministry signs MoU on halal wonders

Fri, 16 Jun 2017 05:12:46 +0700

The Tourism Ministry and the Indonesian Mosque Council (DMI) has signed a memorandum of understanding (MoU) on Halal Wonders, witnessed by Vice President Jusuf Kalla here on Thursday. MoU on Halal Wonders is a religious ...