President of Indonesia Joko Widodo (Jokowi) called for completing matters pertaining to investment licensing within hours and not months as was currently occurring. “Check again regarding the ease of licensing, check again, because in practice, we are still taking a … Continue reading →
Indonesia’s central bank Bank Indonesia (BI) bagged the 2022 AsianInvestor’s Institutional Excellence Award for Best Asset Owner in the Southeast Asian region for being the best foreign exchange management institution. “This award event, organized by AsianInvestor, appreciates BI’s achievements in … Continue reading →
The Indonesian Chamber of Commerce and Industry (Kadin), which is chairing the 2023 ASEAN Business Advisory Council (ASEAN-BAC), will introduce seven legacy breakthroughs on five priority issues during Indonesia’s ASEAN chairmanship this year. The information was conveyed by Kadin chairperson … Continue reading →
Bank Indonesia (BI) Governor Perry Warjiyo has said that he is optimistic about Indonesia’s digital finance growth outlook for 2023 despite the global economic stagnation expected the same year. During a coordination meeting of the Regional Digitization Acceleration and Expansion … Continue reading →
Economic growth to reach 5.5% in 3rd Quarter 2022 Bank Indonesia (BI) is confident that the increasing domestic demands will boost the national economic growth in the third quarter of 2022, arriving at a higher rate than 5.44% year-on-year (yoy) … Continue reading →
Indonesia booked a higher current account surplus in the second quarter this year thanks to strong commodities exports performance, providing the country with much-needed support to maintain its external resilience amid slowing down global economic prospects and soaring inflation. The country’s … Continue reading →
As part of Indonesia’s ongoing reforms to improve its investment climate, foreign investors must now face a new criterion to obtain business licenses in the country. In addition to having the necessary paid-in capital, business licenses will now be issued … Continue reading →
The Asian Development Bank (ADB) has projected that the Indonesian economy will return to high growth, last seen in the pre-pandemic era, in 2022, with the economy forecast to expand 5 percent next year. The bank also projected a 4.5-percent … Continue reading →
State-owned PT Semen Indonesia, the country’s biggest cement producer, has reached a multimillion dollar deal to establish a strategic partnership in expanding its market reach worldwide. Under the deal, Japanese cement producer Taiheiyo Cement Corporation is to invest US$220 million … Continue reading →
Not deterred by the pandemic-induced market volatility, the number of retail investors in Indonesia’s stock market continues to rise with new investors hopeful of reaping future profits from today’s low base, providing a buffer for the local bourse as foreign … Continue reading →