Business News

Indonesia plans to complete 13 trade agreements

The Indonesian government is seeking to complete 13 trade agreements with other countries and trade organizations in an attempt to boost its exports amid the trade war between China and the United States, which has seen a trend toward global trade protectionism. Trade Minister Enggartiasto Lukita said from the 13…

BI sees slowdown in manufacturing expansion in Q4

Bank Indonesia (BI) says expansion of the manufacturing sector has started to slow down after obtaining high growth in the third quarter. BI Governor Perry Warjiyo said over the weekend that the prompt manufacturing index (PMI) in the third quarter was above 50 percent, indicating that there was growth but…

Indonesia to lower overseas online shopping limit to $75

The Finance Ministry’s Customs and Excise Office has issued a regulation to lower the import limit for online shopping to only US$75 from the initial $100. “The new regulation will take effect on Oct. 10,” said its director general, Heru Pambudi, in Jakarta on Monday as reported by kompas.com.

House budget committee revises rupiah exchange rate assumption

The House of Representatives budget committee revised on Wednesday the rupiah exchange rate assumption in the 2019 state budget bill to Rp 14,500 per US dollar from Rp 14,400 per US dollar as previously proposed by the government in a draft bill. Lawmakers and government representatives agreed on the revised figure after reviewing ongoing…
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