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 →
JAKARTA—Foreign direct investment in Indonesia jumped 30% to a record 51.5 trillion rupiah ($5.6 billion) in the first three months of the year, as foreign companies continued to expand despite discouraging policy decisions in recent months. Separately, Indonesia’s Investment Coordinating … Continue reading →
The government has promised additional incentives for investors who wish to develop deep sea oil and gas projects. Evita Herawati Legowo, Oil and Gas director-general of the Energy and Mineral Resource Ministry, said the incentive offered is, among others, in … Continue reading →
JAKARTA – Bank terbesar di Asia Tenggara yang berbasis di Singapura, DBS Group Holdings Ltd (DBS), mengambil alih 67,37% saham PT Bank Danamon Tbk (BDMN). Akuisisi dilakukan dengan membeli 100% saham Fullerton Financial Holdings Pte Ltd (FFH) pada Asia Financial … Continue reading →