Govt to develop 30,000 hectares of farmland in North Sumatra

The government is planning to develop 30,000 hectares (ha) of farmland in Humbang Hasundutan district, North Sumatra, next year in an effort to secure...

Global super-rich call for wealthy to face coronavirus tax

More than 80 millionaires on Monday urged governments around the world to tax the super-wealthy much more to help fund the global recovery from...

Indonesia’s economy can grow 5.4% despite COVID-19: BI

Bank Indonesia said the country’s economic growth could still soar to 5.4 percent despite the ongoing spread of the coronavirus disease 2019 (COVID-19), which...

Nearly half a million motorists return to Jakarta after Idul Fitri

The streets of Jakarta, empty during Idul Fitri, will soon return to normal, with all the honks and traffic jams, with almost half a...

Jakarta riot: Rupiah drops to Rp 14,512 per US dollar

The rupiah dropped to Rp 14,488 per US dollar on Wednesday from Rp 14,462 per dollar the previous day, according to the Jakarta Interbank Spot...

Softbank eyes $40b investment in new capital city: Luhut

The Japan-based Softbank Group has offered to invest from US$30 billion to $40 billion in the development of Indonesia's new capital city, according to...

Ministry turns virtual matchmaker to tout SMEs in US market

The Trade Ministry held a virtual business matchmaking event on Tuesday to help connect food and beverage (F&B) small and medium enterprises (SMEs) looking for potential buyers...

IMF trims Indonesia’s economic growth prospects amid weakening exports

The International Monetary Fund (IMF) has trimmed its economic growth prospects for ASEAN-5 countries, including Indonesia, because of exports After slowing to 4.7 percent in...

Don’t like the job creation bill? Tell it to the House, not Jokowi, says...

Coordinating Economic Minister Airlangga Hartarto has asked protesters to direct their criticism of the controversial omnibus bill on job creation toward the House of...

Domestic car sales drop 17 percent

Domestic car sales dropped 17.8 percent year-on-year to 84,029 vehicles in April from 102,258 in the same month last year, according to a statement...

Banks ask OJK to extend debt relief program amid mounting COVID-19 cases

Banks have urged the Financial Services Authority (OJK) to extend its debt relief program as the COVID-19 pandemic has yet to show signs of...

Ombudsman to investigate OJK amid insurance scandals

The Indonesian Ombudsman has formed a team to investigate the Financial Service Authority (OJK) amid growing complaints from the public against the financial watchdog’s...

PLN to receive Rp 9.6t from state coffers to build power infrastructure

State-owned electricity giant PLN is slated to receive Rp 9.6 trillion (US$695 million) in state capital injections (PMN) from the government this year to...

Hundreds of communities to run digital literacy programs nationwide

The Communications and Information Ministry is collaborating with more than 100 communities in Indonesia to run digital literacy programs nationwide. The ministry’s program emphasizes individual...

Indonesia open to foreign investment in projects for new capital city

National Planning Minister Bambang Brodjonegoro said Indonesia welcomed foreign investors for the development of a long-debated new capital city, a plan revived by President...

Omnibus bill to relax requirements to establish cooperatives: Government

The Cooperatives and Small and Medium Enterprises (SMEs) Ministry is seeking to relax the requirements to establish a cooperative by reducing the minimum number...

BKPM encourages Chinese companies to list shares on IDX

The Investment Coordinating Board (BKPM) has encouraged Chinese companies operating in Indonesia to conduct an initial public offering (IPO) and list their shares on...

Start-ups need to reimagine business post-pandemic: Sequoia Capital India

Starting or managing a business during the COVID-9 pandemic is a challenging task as many companies, including Indonesian and global start-ups, have been pushed...

Sri Mulyani sees weaker growth, rate cut room

Indonesia’s finance minister said the economy will probably expand at a slower pace than previously forecast, and that there’s ample room for the central...

Indonesia’s foreign debt rises in May as foreign investors make comeback

Indonesia’s foreign debt rose in May, driven mainly by foreign inflows to the country’s debt market as the government issues more debt papers to...

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