Business News

Government pins hope on international study favoring palm oil

Research that calls into question claims that palm oil is environmentally damaging compared with other vegetable oils will boost the government’s efforts to defend one of the country’s major commodities from negative campaigning. The study was published in June by the International Union for Conservation of Nature (IUCN), a Switzerland-based…

Indonesia’s coal price reference set at $91.8 per ton in February

The government has set Indonesia’s coal price reference (HBA) for February at US$91.8 per ton, 0.6 percent lower than the reference in January of $92.41 per ton, in response to China and India’s ongoing protection policies. “Both countries will intensify the use of domestic coal,” Energy and Mineral Resources Ministry's…

Indonesia is attractive investment destination for European companies

The Investment Coordinating Board (BKPM) Head Thomas Lembong during the Indonesia Economic and Investment Outlook 2019 in Jakarta on Wednesday, Feb 6, 2019. (ANTARA News/Ade Irma Junida) Jakarta (ANTARA) - Indonesia is an attractive investment destination for European companies, according to the Investment Coordinating Board (BKPM). "We welcome the investment…

GDP expanded by 5.17 percent in 2018

Indonesia’s gross domestic product (GDP) expanded by 5.18 percent year-on-year (yoy) in the fourth quarter of last year, Statistics Indonesia (BPS) announced on Monday, bringing the overall growth for last year to 5.17 percent, the highest annual expansion since 2013, when the economy grew by 5.56 percent. Household spending, which…
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