Asia > South-Eastern Asia > Indonesia > Press Releases

Indonesia News

  • Indonesia Eases Foreign Ownership in "Big-Bang" Liberalisation

    INDONESIA, 2016/05/26 Next entering an IMF-supported program in 2008, the Seychelles has become a beacon of macroeconomic stability thanks to prudent reforms led by the Ministry of Finance and the Central Bank of Seychelles (CBS). As the country begins laying the groundwork for its radical national development strategy based on the blue economy concept, CBS Governor Caroline Abel expands on the key role her institution is playing in ensuring SMEs are able to access the finance required to take chance of the opportunities opening up in the blue economy, whilst discussing whether Seychelles can be viewed as a role model in terms of female empowerment in the banking sector.
  • Empowering Young Women Through Farming in East Nusa Tenggara

    INDONESIA, 2016/05/26
  • Govt, Private Sector in Pilot Project for Fire Prevention Procedures

    INDONESIA, 2016/05/26 Pilot projects established to introduce forest fire prevention procedures will this year involve the private sector, particularly major pulp and paper firms, following massive fires across the country last year. "Mr. Ferry — the Minister of Land and Spatial Planning — has made the standard and we want to check whether the standard is enough," Chief Economics Minister Darmin Nasution told reporters on Wednesday (25/05).
  • Azerbaijan to become export gateway for Indonesian products to European market

    AZERBAIJAN, 2016/05/25 Azerbaijan can become export gateway for the Indonesian products to the European market, a representative from Indonesian Ministry of Trade Saleh Husin told Indonesian Republica newspaper on May 24. Husin noted that featured products of Indonesia such as palm oil can be shipped to the Eastern European market via Azerbaijan. Until presently, Azerbaijan imported Indonesian products from third nations such as United Arab Emirates, said Tamerlan Karayev, Azerbaijan's Ambassador to Indonesia, emphasizing that direct imports will reduce the cost of the Indonesian products in Azerbaijan and boost trade between these nations.
  • Indonesia Central Bank Cuts Interest Rate For Second Month

    INDONESIA, 2016/02/18 Indonesia's central bank cut its key interest rate for a second consecutive month in February to its lowest level in two-and-a-half years. Bank Indonesia slashed its key interest rate by a quarter point to 7 % on Thursday. In January, policymakers had cut the rate by the same size, marking the initial reduction in 11 months.
  • E-commerce expansion primed for Indonesian market

    INDONESIA, 2016/02/14 As smartphones become additional commonplace in Indonesia, apps are enjoying a surge in popularity, suggesting that e-commerce – for both goods and services – is filling market voids and strengthening its economic foothold. Online trading and transport apps in particular are generating interest, offering a solid foundation for other start-ups, and attracting international players and financiers to the country.
  • Indonesia and Timor Leste agreed to boost ties, border talks

    EAST TIMOR, 2016/01/28 Indonesia and Timor Leste agreed to enhance what they both called by instantly-strong bilateral ties on President Joko “Jokowi” Widodo’s initial national visit to Dili, and as well reiterated a commitment to speeding up land and maritime border resolutions. Jokowi was in Dili on Tuesday, his initial trip abroad this year, and met with Timor Leste Prime Minister Rui Maria de Araujo and President Taur Matan Ruak.
  • India names top diplomat as its new envoy to RI

    INDIA, 2016/01/28 India, the second-most populous country in the world, appointed Nengcha Lhouvum Mukhopadhayay, one of its top diplomats, its new ambassador to Indonesia, the Indian Embassy announced in Jakarta on Wednesday. “Our new ambassador will arrive in Jakarta on Thursday. Ambassador-designate Ms. Nengcha Lhouvum will any minute at this time submit her letter of credentials to President Joko Widodo,” Indian Embassy’s Charge d’ Affaires Manish told The Jakarta Post on Wednesday.
  • An employee walks across the trading floor at the mainhall of Indonesia Stock Exchange

    INDONESIA, 2016/01/11 The Jakarta Composite Index (JCI) slid 30.8 points to 4,515.5 at Monday’s opening and declined a further 63 points, or 1.4 %, to 4,482.86 by 10:30 a.m. Meanwhile, the rupiah tumbled in the spot market to Rp 13,926 per US dollar. Market analyst at Bank Mandiri Rully Arya Wisnubroto predicted that the strengthening greenback on Monday would apply pressure to the market, as speculation rose about good economic indicators any minute at this time to be released in the US.
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.