Business News

Indonesia to Launch Islamic Economy Masterplan, Compulsory Halal Labeling not ‘Postponed’, Starts Oct 17 – Officials

JAKARTA - Indonesia’s National Committee for Islamic Finance (KNKS) will launch an Islamic economy masterplan in March to boost development of the country’s real economy and halal industries, Sutan Emir Hidayat, its Islamic Financial Education and Research Director told Salaam Gateway.The tentative launch date of the masterplan is March 26,…

RI eyes European market through trade talks with EEU ( RI Eyes European Market through Trade Talks with EEU

Indonesia is striving to improve its access to the European market via three different arrangements with economic unions on the continent. The latest development came last week when Trade Minister Enggartiasto Lukita signed a joint ministerial statement on trade with Tatyana Valovaya, the integration and macroeconomics minister of the Eurasian…

Indonesia Issues US$ 2.27b Global Green Sukuk

The government has tapped into the global sukuk (Islamic bonds) market, recently issuing bonds worth US$ 750 billion with a five-and-a-half-year maturity period and a 10-year tenor of $1.52 billion, both of which were oversubscribed.The sukuk will be registered in the Singapore Stock Exchange and NASDAQ Dubai in the United…

Government increases domestic allocation requirement for coal

The Indonesian government is requiring coal miners to increase their allocation of coal for the domestic market this year to 128 million tons, an increase of 5.79 percent over 2018’s requirement of 121 million tons. Energy and Mineral Resources Ministry spokesman Agung Pribadi said in Jakarta on Wednesday that the…
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