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2018

Weapons maker Pindad books Rp 98 billion in profits
Business 7 years ago

Weapons maker Pindad books Rp 98 billion in profits

State-owned weapons manufacturer PT Pindad announced on Thursday that it booked net profits of Rp 98 billion (US$6.94 million) in 2018, higher than the Rp 92 billion it booked in 2017.
BTPN’s assets hit Rp 100t, profit up 61 percent
Business 7 years ago

BTPN’s assets hit Rp 100t, profit up 61 percent

Publicly listed lender Bank Tabungan Pensiunan Nasional (BTPN) recorded total assets worth Rp 101.9 trillion (US$7.19 billion) in December 2018, or 7 percent year-on-year growth from Rp 95.5 trillion in 2017, following a merger with PT Bank Sumitomo Mitsui Indonesia.
Poverty rate down to 9.66 percent, Gini ratio improves to 0.384
Business 7 years ago

Poverty rate down to 9.66 percent, Gini ratio improves to 0.384

Indonesia has maintained a single-digit poverty rate as it posted a 9.66 percent rate as of September 2018, Statistics Indonesia (BPS) reported on Tuesday, with the number of poor people standing at 25.67 million.
Only 8 percent of 35 GW electricity program in operation
Business 7 years ago

Only 8 percent of 35 GW electricity program in operation

The ambitious 35,000 megawatt (MW) electricity program kicked off in 2015, but has yet to contribute significantly to the electricity supply. Only 2,800 MW of the power plants in the program were in operation as of December. 
Exports expected to grow 7.5 percent in 2019
Business 7 years ago

Exports expected to grow 7.5 percent in 2019

The Trade Ministry expects the country’s exports to grow 7.5 percent this year to US$175.9 billion amid the global economic turbulence triggered by the trade war between the United States and China.
P2P lending platforms distributed loans worth Rp 20t in 2018: OJK
Business 7 years ago

P2P lending platforms distributed loans worth Rp 20t in 2018: OJK

Loans distributed through peer-to-peer (P2P) lending platforms reached Rp 20 trillion (US$1.42 billion) last year or 681.25 percent higher than the figure in 2017, which was recorded at Rp 2.56 trillion, according to the Financial Services Authority (OJK).
Housing program exceeds 1 million target in 2018
Business 7 years ago

Housing program exceeds 1 million target in 2018

The Public Works and Housing Ministry’s data shows  1.13 million new houses were built in 2018, exceeding the 1 million new houses target.
Forex reserve increased to US$120.7b in December: BI
Business 7 years ago

Forex reserve increased to US$120.7b in December: BI

Bank Indonesia (BI) announced on Tuesday that the foreign exchange reserve increased to US$120.7 billion in December from $117.2 billion the previous month.
Go-Jek sees boom in food delivery business
Business 7 years ago

Go-Jek sees boom in food delivery business

People have been spoiled by an easy way of purchasing food since Go-Jek’s Go-Food and Grab’s Grab-Food started offering their food delivery services.
BPJS Ketenagakerjaan records 30.5m participants in December
Business 7 years ago

BPJS Ketenagakerjaan records 30.5m participants in December

The Workers Social Security Agency (BPJS Ketenagakerjaan) has said it recorded 30.5 million active participants as of the end of December, 2018, exceeding the target of 29.6 million.
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