South Korean steelmaker POSCO will almost double its investment in Indonesia to $11 billion over the next five years, from $6 billion currently, Chief Economics Minister Hatta Rajasa said on Friday. POSCO, the world’s fourth-biggest steelmaker, already has a multi-billion dollar joint … Continue reading →
Indonesia’s growing middle class, strong domestic demand, stable political situation, and sound macroeconomic policy paired with gross domestic product (GDP) growth of 6.5% in 2010 make Indonesia an attractive destination for Foreign Direct Investment (FDI). In 2011, Indonesian government officials … Continue reading →
Jika redenominasi dilakukan, rupiah yang dijuluki sebagai salah satu mata uang “sampah” (the worst currencies) dalam pasar global dapat dipulihkan martabatnya. Pada saat Darmin Nasution masih menjadi pejabat Gubernur Bank Indonesia (BI) pada Agustus 2012, ia pernah menyatakan bahwa redenominasi … Continue reading →
To limit export of raw mineral, the government of Indonesia through the Minister of Trade issued Regulation No. 29/M-DAG/PER/5/2012 regarding Provisions of Mining Products Export. The mining products that are subject to the Regulation as listed in Appendix I comprise … Continue reading →
Indonesia’s economy expanded more than expected in the second quarter as domestic consumption helped offset a decline in demand for exports. Between April and June, the economy grew by 6.4% from a year earlier. Analysts had expected growth of 6.1%. … Continue reading →
The head of low-cost airline AirAsia is expected to announce he is relocating from Kuala Lumpur to the Indonesian capital Jakarta. The move by chief executive Tony Fernandes is designed to help AirAsia increase its services in Indonesia and raise … Continue reading →
At the beginning of 2012, economists expressed optimism regarding the future of the eurozone after a second bailout package for Greece of ¤130 billion plus ¤1 trillion of low-interest, long-term loans from the European Central Bank (ECB) were granted in … Continue reading →
Indonesia has recovered the investment grade status for its sovereign debt at Fitch Ratings after 14 years, putting the country on the same level as India. The agency said in a statement on Thursday that Indonesia had resilient economic growth, … Continue reading →
Volkswagen, Europe’s biggest automaker, plans to build a factory in Indonesia by the end of this year at the latest, Industry Minister M.S. Hidayat said. “I had a talk with them [Volkswagen] about their plan. They already have a blueprint … Continue reading →
Indonesia’s central bank said on Thursday it is proposing to cap single ownership in the country’s banks at a maximum 40 percent for new investment, from up to 99 percent currently. Halim Alamsyah, the central bank deputy governor responsible for … Continue reading →