Telkomsel to sell 4,000 telecom towers to Mitratel for USD435m
JAKARTA – Indonesian mobile network operator (MNO) Telkomsel (Telekomunikasi Selular) has struck a deal to sell 4,000 telecom towers to Dayamitra Telekomunikasi (Mitratel) for IDR6.2 trillion (USD435.2 million). Under the terms of their agreement, Telkomsel is signing a ten-year leaseback deal with Mitratel to use…
Emission Reduction Target in the Indonesia Updated NDC Failed to Reflect the Urgency of Climate Crisis
Jakarta– Despite targeting carbon neutrality by 2060 or earlier in the Nationally Determined Contribution (Updated NDC) and Long-term Strategy on Low Carbon and Climate Resilience (LTS-LCCR 2050) documents submitted to the UNFCCC, the Institute for Essential Services Reform (IESR) views that the emission reduction target…
BPS: June Exports US$18.55 B, Soared 54.46%
JAKARTA- The Central Statistics Agency (BPS) announced Indonesia’s export data for the period of June 2021. Exports increased sharply, according to market forecasts. On Thursday (15/7/2021), Head of BPS Margo Yuwono reported last month’s export value was US$18.55 billion. An increase of 54.46% compared to the same…
Minister pushes for investment acceleration amid economic growth
JAKARTA – Coordinating Economic Affairs Minister Airlangga Hartarto encouraged all economic players to capitalize on the economic growth momentum by expediting investment. “I encourage us to jointly take advantage of the growth momentum by accelerating investment and also continue to support government policies in controlling…
Singapore and Indonesia reaffirm need to fight Covid-19 together, discuss economic activities
JAKARTA -Bilateral ties will be strengthened to overcome the Covid-19 pandemic together, Singapore and Indonesia have reaffirmed. During the 11th Singapore-Indonesia Six Bilateral Economic Working Groups ministerial meeting on Wednesday (July 14), Trade and Industry Minister Gan Kim Yong and Indonesia’s Coordinating Minister for Economic…
Indonesia can build back better for a green recovery
JAKARTA -When the 2004 earthquake and tsunami wiped out homes, buildings, and roads in Aceh, the government was confronted with two options: build everything back to pre-disaster conditions or seize the opportunity to ‘build back better’. They chose the latter, prioritizing the needs of local…
Indonesia c.bank slashes 2021 GDP outlook to 3.8%
JAKARTA – Indonesia’s central bank has cut its forecast for 2021 economic growth to 3.8% based on early assessment of the impact of recent coronavirus restrictions, from a previous forecast of 4.6%, its governor said on Monday. Southeast Asia’s largest economy has been battling the…
Indonesia plans to change value added tax to multi-tariff
JAKARTA – The Indonesian government will propose to parliament to change the way it charges value added tax to introduce different rates depending on the goods and services, an official said on Thursday. The planned changes are part of a major overhaul of the tax…
Jabodebek LRT to become operational in June 2022: President
JAKARTA -The Jakarta, Bogor, Depok, Bekasi (Jabodebek) light rail transit (LRT) will become operational in June 2022, according to President Joko Widodo. “We are optimistic that the trial would begin in April 2022. Start the trial, and we will start the operations in June 2022,”…
Rp117tn Loss from Illegal Investments
JAKARTA -The Financial Services Authority’s (OJK) Investment Alert Task Force (SWI) said that public losses due to participating in illegal investments reached Rp117 trillion. The figure was taken from reports over the last 10 years. “People’s losses due to illegal investments have reached Rp117 trillion in the…