Business News
Indonesia issues new rules for palm oil and other commodity exporters as rupiah slides
Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through Indonesian banks or branches of foreign banks in the country, the trade minister said on Tuesday, and part of a bid to prop up the ailing rupiah. The Indonesian currency <IDR=> has fallen about 9…
World Bank predicts Indonesia`s 2018 economic growth at 5.2 percent
The World Bank has predicted Indonesia`s economic growth to reach 5.2 percent throughout 2018, which is relatively the same as the government`s projection of 5.14-5.21 percent. "Economic growth is estimated at 5.2 percent this year and in 2019, and gradually increases to 5.3 percent by 2020," World Bank Director for…
Sales purchase Agreements hamper efforts to reduce oil import : Official
Sales purchase agreements between domestic oil contractors and foreign firms may hamper the government’s effort to reduce oil import by requiring state-owned oil and gas holding Pertamina to buy all oil lifting produced by the contractors, an official says. Previously, President Joko “Jokowi” Widodo told Pertamina to buy all oil…
Trade Balance Indonesia: Big Monthly Trade Deficit in July 2018
Suhariyanto, Head of BPS, said Indonesia's trade deficit in July 2018 was actually different from before as the deficit occurred in both the oil & gas and non-oil & gas sector. Usually the deficit only occur in the oil & gas sector. Imports into Indonesia reached USD $18.27 billion in…
