Indonesia must improve the quality of its products in order to prepare for regional rivalry when the ASEAN Economic Community (AEC) begins in 2015, says Industry Minister MS Hidayat. “If we do not improve the quality of our products … Continue reading →
President-elect Joko “Jokowi” Widodo met with board of directors of Japanese car maker Mitsubishi Corporation in Jakarta on Monday to further discuss the firm’s plan to pour investment into the country. “The automotive company wants Pak Jokowi to follow up with its plan to … Continue reading →
The total spending by domestic tourists in the first semester this year reached Rp76.16 trillion. “Until the first semester, this year, a total of 107 million domestic tourists have travelled across the country spending up to Rp76.16 trillion,” Tourism Minister … 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 →
Following the success of Trade and Investment Forum 2013, the Indonesia Investment Coordinating Board (BKPM) and the Ministry of Trade of the Republic of Indonesia will be organising the TRADE AND INVESTMENT FORUM 2014 which will take place in Jakarta International … Continue reading →
As an emerging global powerhouse in Asia, Indonesia offers a wealth of attractive business and investment opportunities. Abundant natural resources, a young and technically trained and a large and growing domestic market, combined with an improving investment climate and a … Continue reading →
The Indonesian government hopes the nation’s consumers can spend their way out of the worst of the economic slowdown currently affecting emerging markets, the president’s office said on Monday. The government has advocated a “keep buying policy,” that, tied with … Continue reading →
Overview Indonesia’s economy is growing rapidly, and a large portion of the population is entering the middle-class and affluent consumer (MAC) socioeconomic category. As those in this group begin to ramp up their spending in key segments—such as home goods, … Continue reading →
This year Indonesia could pass Thailand to become the largest vehicle market, by unit sales, in Southeast Asia. That’s no small thing, given Thailand has edged into the world’s top 10 vehicle producers and Indonesian output, at the growth rate … Continue reading →
Indonesia’s pace of economic growth can rise to 6.6 percent in 2013, driven by increased activity ahead of elections the next year, a central bank official said Friday. Bank Indonesia has projected the economy will grow 6.3 percent this year. … Continue reading →