Senior BI official appointed deputy governor

The House of Representatives has chosen Doni Primanto Joewono to fill the third-most senior position at Bank Indonesia (BI). The economist-by-training will assume the post...

Indonesia raises record high $1.27b from retail bonds sale

Indonesia has raised Rp 18.33 trillion (US$1.27 billion) from government retail bond issuance ORI-017, the Finance Ministry announced on Monday, the highest proceeds ever...

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...

Office space occupancy to drop further in 2021: Colliers

Office occupancy rates in Indonesia’s major cities are expected to plunge further next year as supply increases at a time when demand remains weak...

Singapore economy enters recession, second quarter GDP plunges record 41.2%

Singapore’s economy slipped into recession in the second quarter, contracting by a record 41.2 percent from the previous three months and is facing its biggest...

Asian markets struggle to digest coronavirus spike

Asian shares are showing a mixed picture on Tuesday after a volatile day in US equity markets amid persistent concerns over the record number of...

Google announces Rs 75,000 crore fund to help accelerate India’s digital economy

Prime Minister Narendra Modi on Monday interacted with Google Chief Executive Sundar Pichai on a wide range of subjects. The duo interacted on particularly leveraging...

Tesla slashes Model Y SUV price as pandemic weighs on auto sector

Tesla Inc cut the price of its sport utility vehicle Model Y by US$3,000, just four months after its launch, as the US electric carmaker...

Regulatory reform needed to give Jakarta’s property sector a boost: Experts

Experts have urged the Jakarta administration to reform its building permit (IMB) acquirement procedures to weather the economic impacts of COVID-19.  Jakarta Property Institute (JPI),...

China posts first import growth since pandemic, exports also up

China's imports in June rose for the first time since the coronavirus crisis paralyzed the economy this year, as demand for commodities surged on...

Indonesian stocks plunge after Wall Street free fall

Indonesian stocks plunged deep in the red on Friday morning following a market rout seen by Wall Street in Thursday's session as investors grew...

Thirteen financial institutions get access to government’s civil registry database

Thirteen financial institutions including mobile payment service providers and peer-to-peer lending platforms have been granted access to the government’s civil registry data to expedite...

Start-ups help SMEs digitalize during pandemic

Major Indonesian start-ups, such as Grab, Gojek and LinkAja, have provided features and promotions to facilitate micro, small and medium enterprises (MSMEs) in digitalizing...

Metal miner Antam to set $105m capex, pay out $4.78m in dividends

Publicly listed state-owned metal miner PT Aneka Tambang (Antam) plans to set around Rp 1.5 trillion (US$105 million) in capital expenditure (capex) this year, mostly...

Tin mining giant Timah to cut costs, complete smelter to endure downturn

State-owned tin miner PT Timah plans to cut costs and finish the construction of a smelter in an effort to turn its fortunes around...

Stocks stutter on economy, second wave fears

Equities and oil sank Friday while the dollar rallied as investors ran for the hills following the worst Wall Street rout since March, fuelled...

AP II sees passenger numbers surge as travel restrictions ease

State-owned airport operator Angkasa Pura II (AP II) has recorded a jump in the number of passengers for both domestic and international flights, as...

Consumer confidence reaches historic lows amid layoffs

Indonesian consumers grew deeply pessimistic in May as pandemic-related layoffs eroded people’s confidence in the economy, a Bank Indonesia (BI) survey has shown. Indonesia’s...

SOE Ministry slashes Pertamina’s board of directors to refocus business

The government has cut the board of directors of state-owned oil and gas giant Pertamina from 11 positions to six, a leaked document shows,...

Retail govt bond coupon of 6.4% attractive for investors: Analysts

The Finance Ministry’s announcement of a 6.4 percent fixed coupon rate for retail government bonds series ORI-017 is a relatively attractive valuation for retail...

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