Inflation remained unchanged yet high in Indonesia in July despite predictions of easing, as consumers stocked up on food and transport tickets ahead of the Muslim holiday of Eid, government data showed Monday.
Bank Indonesia (BI) has warned that the rupiah's depreciation might exert stronger inflationary pressures this year, with the central bank consequently forced to intervene more aggressively in the market to stem excessive declines in the currency.
In an attempt to attract more foreign investment, Indonesia has streamlined its investment application process and aims to create 25 special economic zones in the future, said Indonesia Investment Coordinating Board (BKPM) Chairman Franky Sibarani yesterday.
Peter Sondakh, the Indonesian billionaire, made his fame and fortune turning around sickly state-owned enterprises into hugely profitable companies.
Indonesia announced Friday it will grant a 30-percent stake of the Mahakam gas block to be shared between French Total and Japanese Inpex, while giving the majority stake to state-owned oil firm Pertamina in 2018.
Indonesia's energy ministry said Friday the country will rejoin the Organization of Petroleum Exporting Countries this year to forge a closer relationship with oil suppliers.
Indonesian Finance Minister Bambang Brodjonegoro has tinkered with fiscal policy as he relaxed the requirements for corporate tax allowances and eased luxury taxes on certain items to pump fresh blood into the sluggish economy that is expanding at a six-year low.
IT solution provider Anabatic Technologies and oil and surveyor firm Gelombang Seismic Indonesia (GSI) will be the latest companies in Indonesia to go public this year after a weak first quarter that saw just two initial public offerings (IPOs).
A senior Indonesian envoy has called on Indonesian businesspeople to be more aggressive in exploring markets in South Africa in order to compete with its fellow ASEAN member states in attracting tourists and trade from the second-largest economy in Africa.
Indonesia's inflation slowed further in February, official data showed Monday, owing to the lower cost of fuel and some staple foods in Southeast Asia's top economy.