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projection

Energy subsidy estimated at Rp 127.6 trillion this year
Business 8 years ago

Energy subsidy estimated at Rp 127.6 trillion this year

The Indonesian energy subsidy is estimated to reach Rp 127.7 trillion (US$10.22 billion) this year, or 0.2 percent from gross domestic product (GDP), due to increasing global oil prices.
Mercedes’ subsidiary projects double sales growth in 2018
Business 8 years ago

Mercedes’ subsidiary projects double sales growth in 2018

Daimler Commercial Vehicles Indonesia (DCVI), a subsidiary of Mercedes-Benz Indonesia (MBI), expects to double the sales of its Axor heavy-duty trucks in Indonesia this year.
Visiting IMF team projects 5.1 growth, lower than previous projection
Business 8 years ago

Visiting IMF team projects 5.1 growth, lower than previous projection

A visiting International Monetary Fund (IMF) team has projected that the Indonesian economy will grow 5.1 percent this year, slightly lower than the Fund’s previous projection of 5.2 percent released on Oct. 10.
Balance of payments to record $7b surplus in 2017
Business 8 years ago

Balance of payments to record $7b surplus in 2017

Bank Indonesia (BI) projects the country’s balance of payments (BoP) will reach a surplus of US$7 billion this year from $12 billion last year.
2018 inflation may be below 3.5%: Bank Indonesia
Business 8 years ago

2018 inflation may be below 3.5%: Bank Indonesia

Bank Indonesia has said the inflation rate in 2018 could be less than 3.5 percent if the government did not increase administered prices and could control food price volatility.
Indonesian Crude Price projection approved at $48 per barrel
Business 8 years ago

Indonesian Crude Price projection approved at $48 per barrel

The House of Representatives budget committee has approved the assumption of the Indonesian Crude Price (ICP) at US$48 per barrel, lower than the proposed figure in the revised 2017 state budget of $50 per barrel.
Lazada eyes sales jump during Ramadhan
Business 8 years ago

Lazada eyes sales jump during Ramadhan

The local unit of Singapore-based online marketplace Lazada expects to see a significant sales increase during Ramadhan, like in previous years.
Krakatau Steel eyes $10 million net profit
Business 8 years ago

Krakatau Steel eyes $10 million net profit

State-owned and publicly listed Krakatau Steel (KRAS) aims to book US$10 million in net profit this year after losing $171.69 million amid low steel prices last year.
Pelni expects significant profit increase this year
Business 9 years ago

Pelni expects significant profit increase this year

State shipping firm Pelni expects around a 50 percent profit increase to Rp 305 billion (US$22.7 million) this year following its freight liner service and efficiency measure.
ADB revises down Indonesia growth estimate following budget cut
Business 9 years ago

ADB revises down Indonesia growth estimate following budget cut

The Asian Development Bank (ADB) has revised down its estimate of Indonesia’s economic growth this year to 5 percent, from the previous projection of 5.2 percent, following the government's decision to slash its budget.
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