President-elect Prabowo Subianto has no plans to boost the country's public debt to 50 percent of gross domestic product (GDP), a senior aide said on Saturday, denying a report that had hit the rupiah and bond markets.
14 hours agoIndonesia faces the risk of becoming a net natural gas importer despite its rich gas reserves and position as a net LNG exporter and one of the top exporters in the world. ...
1 day agoThe planned transportation system would allow trucks to board a train to connect the port and industrial areas in South Sulawesi. ...
1 day agoIndonesia and South Korea have maintained bilateral ties for more than 50 years, with relentless efforts conducted to spur close bilateral relationship, especially in economics, trade and investment.
3 weeks agoIndonesia and the Republic of Korea have seen a significant strengthening of their economic cooperation post-pandemic, with bilateral trade reaching US$20.8 billion in 2023. Korea's foreign direct investment (FDI) in Indonesia, totaled approximately $2.5 billion in 2023, up by over $200 million from the previous year, marking Korea as the seventh-largest investor in Indonesia. Among the major investments realized is the construction of a downstream petrochemical plant by Lotte Chemical, a leading Korean chemical company established in 1976 and ranked among the world's top seven with a stable profit structure. The realization of PT Lotte Chemical Indonesia’s investment is the downstream petrochemical complex, the LOTTE Chemical Indonesia New Ethylene Project (LINE Project), a naphtha cracker worth tens of trillions of rupiah located in Cilegon, Banten.
3 weeks agoCoordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said the government was pushing for Bali to welcome privately held companies handling family-controlled business operations, pitching the island as an alternative base to Hong Kong and Singapore.
3 weeks agoChina's commerce ministry on Sunday launched an anti-dumping probe into POM copolymers, a type of engineering plastic, imported from the European Union, United States, Japan and Taiwan.
3 weeks agoChina on Friday announced some of its most sweeping measures yet to stabilise the crisis-hit property sector, allowing local governments to buy "some" apartments, relaxing mortgage rules and pledging further efforts to deliver unfinished homes.
4 weeks agoFitch Ratings forecasts debt financing expansion to fund Prabowo’s big-ticket plans, which would bring Indonesia’s budget deficit close to the legal limit but could also spur growth through increased economic activity.
4 weeks agoThe state budget next year has been in the spotlight after Prabowo, who is currently the defense minister, announced that he would push forward with his free lunch program for Indonesian schoolchildren, which is estimated to cost Rp 1 trillion per day.
4 weeks agoOutgoing shipments of goods dropped in April partly because of fewer working days that month and partly because of lower prices for some export commodities.
1 month agoA US move to raise tariffs on Chinese goods is a sign of weakness, not of strength, and shows that some in the United States may be "losing their minds", China's foreign minister said on Wednesday, in unusually blunt comments.
1 month agoPreliminary data from Bank Indonesia (BI) point to just a slight rise in retail sales last month even as consumer confidence jumped by a respectable margin.
1 month agoMajor credit rating agency Fitch Ratings said the decline in new car sales may push local multifinance companies to seek growth in other sectors, such as used car loans.
1 month agoThe government has accused foreign interests of sabotaging Indonesia’s semiconductor industry development, with a minister claiming that actors in neighboring countries were using environmental arguments to slow investment in the archipelago.
1 month agoAs the number of health claims rise, industry analysts are urging insurers and hospitals to review their risk-sharing schemes to avoid transferring the burden from the former to the latter, among other measures.
1 month agoChina's consumer prices rose for a third straight month in April, while producer prices extended declines, signalling an improvement in domestic demand, as Beijing navigates challenges in its bid to shore up a shaky economy.
1 month agoIncreased household consumption, particularly over the peak Idul Fitri holiday season, is likely to contribute in pushing quarter-two growth above 5 percent, but analysts urge caution with regard to the central bank's optimistic projection.
1 month agoExperts point to a decline in interest in farming but say many young people have few other options.
1 month agoThe share of renewables in global electricity generation rose to a record of 30 percent last year from 19 percent in 2000. Indonesia, meanwhile, only had a 20 percent share in 2023.
1 month agoPertamina EP, the exploration and production arm of state-owned oil and gas giant Pertamina, blamed a dearth of oil rigs for hampering efforts to achieve the 1 million barrels of oil per day (bopd) target.
1 month agoThe credit rating agency suggested that new car purchases are unlikely to accelerate significantly for the rest of the year due to the central bank interest rate hike in April.
1 month agoBuoyed by elevated domestic consumption during the Islamic festive season and the presidential election, Indonesia’s economy again exceeded expectations with GDP growth of 5.11 percent in the first quarter.
1 month agoIndonesia still lacks the aluminum smelters and alumina refineries needed to support its downstream vision.
1 month agoAmid the government's impending discussions on PLN's new 2024-2033 RUPTL and JETP stakeholders' ongoing negotiations toward a June 30 deadline, energy experts are urging the scheme's projects to get off the ground before interest flags.
1 month agoTourists are flocking to Bali not solely for leisure pursuits but also to make the most of the island's affordable dental treatment.
1 month agoRepresenting the Indonesian government, Coordinating Economic Minister Airlangga Hartarto received the road map for Indonesia's Organisation for Economic Co-operation and Development (OECD) membership accession, at the opening of the OECD Ministerial Level Meeting in Paris on Thursday.
1 month agoThe government wants to make Indonesia, currently one of the world’s top sugar importers, self-sufficient in sugar and bioethanol production by 2027.
1 month agoIndonesia’s consumer price index (CPI) growth has been steadily within acceptable boundaries for almost a year, yet Bank Indonesia (BI) hiked its key interest rate twice during that time, and analysts believe the central bank will remain cautious despite inflation being under control.
1 month agoThe OECD on Thursday raised its forecast for global growth in 2024, boosted by a dynamic recovery in the United States as the eurozone lags behind.
1 month agoPresident Joko “Jokowi” Widodo announced at the Leaders’ Retreat at Bogor Palace on Monday that the government would move forward with a plan to enable solar power exports to Singapore.
1 month agoChina's factory activity grew for a second successive month in April, data showed Tuesday, providing some good news for officials battling to kickstart the vast economy in the face of weak domestic demand and a battered property sector.
1 month agoAn strong increase in domestic investment compensates for slower growth in foreign direct investment (FDI).
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