Business News
Indonesia poised to benefit as China's Belt and Road turns green
Fri, June 22, 2018 | The Belt and Road Initiative (BRI), unveiled by Chinese President Xi Jinping in September 2013 to reawaken and extend the old Silk Road for enhanced international trade, development and cooperation, will account for 30 percent of global gross domestic product. But the BRI will require…
Indonesia won’t impose tax for foreign funds anytime soon: BI
Tue, June 12, 2018 | The central bank has said the country will not impose a tax on foreign funds anytime soon, stressing that the issue is only being discussed and is an option to control both capital inflows and outflows. Bank Indonesia (BI) Governor Perry Warjiyo said in Jakarta…
Cryptocurrencies Legalized as Futures Trading Commodities by Indonesian Regulator
4 June 2018 | Bappebti, the Indonesian Trade Ministry’s Futures Exchange Supervisory Boards has legalized cryptocurrencies as commodities in the country. Local media sources announced the landmark decision on June 3, 2018. Bappebti’s directive comes even as the country’s central bank does not recognize cryptos as means of payments.
Jakarta administration seals buildings on reclaimed islets
Thu, 7 June 2018 | Jakarta Governor Anies Baswedan has deployed 300 Public Order Agency (Satpol PP) officers to seal buildings on reclaimed islets C and D in Jakarta Bay on the northern coast of Jakarta. The buildings, which were developed by PT Kapuk Naga Indah, a subsidiary of the Agung Sedayu…
