Business News

How Many Foreigners Actually Work in Indonesia?

05 April 2017 | Over the past couple of weeks public outcry ensued in Indonesia due to rumors (a hoax) that said there are currently about ten million workers from China in Indonesia, implying these immigrants are (potentially) "stealing" jobs from the local population. Xenophobia and nationalist sentiments are no…

Investment Realization in Indonesia's Jakarta Fell in 2016

Investment realization in Indonesia's capital city of Jakarta fell to IDR 51.2 trillion (approx. USD $3.8 billion) in full-year 2016, down from IDR 55 trillion worth of investment in the preceding year. Foreign direct investment (FDI) in Jakarta was recorded at IDR 41.5 trillion in 2016, while domestic direct investment…

Apindo Sees Two Strategies to Boost Indonesia's Export Performance

05 February 2017 | The Indonesian Employers Association (Apindo) proposes two strategies to boost Indonesia's export performance in 2017: (1) seek new export markets and (2) export 'halal' products (which adhere to Islamic law) to the Middle East. Last week Indonesia's Trade Ministry revised down its export target for 2017.…

Italy 'in talks' with EU over budget deficit

23 January 2017 | Italy is in discussions with the European Commission to try to prevent Brussels imposing penalties over Rome's management of its public finances, sources close to the talks said on Monday. Italy was one of eight eurozone countries warned in November that they could face fines and…
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