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Business 7 years ago
Investment growth recorded at 3.1 percent in second quarter
The Investment Coordinating Board (BKPM) announced on Tuesday that investment growth was recorded at 3.1 percent year-on-year (yoy) in the second quarter, compared to 12 percent yoy in the corresponding period, last year.
Business 8 years ago
Batam economy in a state of emergency, mayor says
Batam Mayor Muhammad Rudi said he has reported to President Joko “Jokowi” Widodo and Economic Coordination Minister Darmin Nasution about the island’s worsening economy, though it had been designed to serve as the center for Indonesia’s economic growth.
Business 8 years ago
Fats producer Wilmar Cahaya sets conservative targets
Publicly listed specialty fats producer PT Wilmar Cahaya Indonesia (CEKA) is maintaining its conservative target in regard to the company’s revenues and profits, as uncertainty surrounding crude palm oil (CPO) continues in the world market.
Business 8 years ago
Growth of Indonesian footwear imports outpaces exports
Indonesia’s 2.9 percent growth in exports of footwear was outpaced by a 16.9 percent increase of imports in 2016, Central Statistics Agency (BPS) data shows. The government attributes the fact to a global economic downturn and sluggish investment in the sector in the past two years.
