Business News
Govt to Offer 25 PPP Projects Worth Rp 278.35 Trillion Next Year
The Public Works and Housing Ministry is offering 25 infrastructure projects worth Rp 278.35 trillion (US$19.7 billion) under public-private partnership (PPP) next year to private investors to plug the cash-strapped budget. Public Works and Housing Minister Basuki Hadimuljono said on Monday that the projects would be offered consecutively in four…
Indonesia's New Direction toward a Modern Money Market
Bank Indonesia (BI) launched its 2025 money market development blueprint (BPPU 2025) on Dec. 14 to mark a significant move toward a modern and advanced money market. The launch comes in time with the momentum of economic recovery from the COVID-19 pandemic and the emerging digitalization trend. Consisting of the…
Indonesian Economy 2021: Maintaining Stability toward Recovery
Investor confidence has improved, as can be seen in the renewed inflow of Rp 48.6 trillion (US$3.4 billion) in foreign portfolios to the government securities (SBN) market recorded between April and November. Foreign reserves picked up at the end of October to reach $133.7 billion, higher than the pre-pandemic level.…
Indonesian Government Preparing Bali for International Tourist
For both backpackers and luxury-orientated travelers, it truly doesn’t get much better than Bali. A slice of paradise noted for its stunning landscapes, perfect beaches and impressive temples, Bali is loved the world over and is a must-visit spot in Southeast Asia. Since the start of the pandemic, the island…
