Infrastructure development has an important role in the economy. According to the Public Works Ministry, infrastructure development has a large economic output multiplier effect. The impact of infrastructure investment on economic output is larger than its nominal investment value. … Continue reading →
Governor of Riau Province Annas Maamun revealed on Monday that a new oil reserve, presumably the biggest in Riau, was found in Rokan Hilir District by PT Chevron Pacific Indonesia (CPI). “Fifteen days ago, I met Chevron officials, and they … Continue reading →
Indonesia government has proposed an economic growth of 5.6 percent in the Draft 2015 State Budget, considering the improvement in economic fundamentals and economic stability as well as conducive external factors. “Global economic turmoil is predicted to continue next … Continue reading →
It was decided at the Board of Governors’ Meeting, convened on 14th August 2014, to hold the BI rate at a level of 7.50%, with the lending facility and deposit facility rates maintained at 7.50% and 5.75% respectively. Such policy … Continue reading →
The Central Bank of Indonesia announced the country’s official reserve asset position as of end-July 2014 reached US$110.5 billion, up from the end of June 2014 level amounted to US$107.7 billion. Their press release published at August 08′ 2014, … Continue reading →
Demand for Islamic finance training from non-Muslims rose more than fourfold in the past seven years as students seek to enter an industry whose assets are set to double to $3.4 trillion by 2018. Malaysia’s International Centre for Education in Islamic Finance had 2,000 … Continue reading →