Indonesia Expects to Adopt Data Protection Law Sooner
The Indonesian government will speed up mutual works with the House of Representatives in the deliberations of the bill on personal data protection to make up for the very late move it has taken, a minister said in a recent interview. Jakarta. The Indonesian government will…
China Injects US$174 Billion into Markets, Rupiah Strengthens
Indonesia’s rupiah closed higher by 27 points or 0.19 percent at Rp13.715 against the United States (U.S.) dollar, Tuesday evening, after China injected US$174 billion liquidity into markets via reverse repo operations, Monday. A drop in interest rates and China’s stimulus to the markets pushed…
Asia’s Next Clean Energy Battle Isn’t in China or India. It’s in Indonesia.
Indonesia’s electricity needs are projected to double in the next 10 years, driven by massive demographic changes in the workforce. Without prompt action, its reliance on fossil fuels threatens to offset the region’s positive growth towards renewables. Indonesia’s electricity needs are projected to double in…
JCR Agency credits Indonesia with BBB+ rating
Japan Credit Rating Agency, Ltd. (JCR) has upgraded its sovereign credit rating for Indonesia from BBB/positive outlook to BBB+/stable outlook (investment grade) as of January 31, 2020. Jakarta (ANTARA) – Japan Credit Rating Agency, Ltd. (JCR) has upgraded its sovereign credit rating for Indonesia from…
P2P lending third most complained about business sector
The country’s growing peer-to-peer (P2P) lending sector has become one of the most complained about business sectors partly because of high interest rates and aggressive debt collection practices, according to a report. The country’s growing peer-to-peer (P2P) lending sector has become one of the most…
Indonesia Update: Restrictions on the Use of Proceeds from the Export of Natural Resources and Implications for Offshore Lenders
The Indonesian Government recently announced its 16th Economic Policy Package (Paket Kebijakan Ekonomi ke-XVI) as a domestic response to the pressures of global economic developments, including pressure on the Indonesian Rupiah – a particularly sensitive issue in the lead-up to Indonesia’s parliamentary and presidential elections…
Government Mulls Reverse Tobin Tax to Retain Foreign Investment
To reduce the country’s current account deficit (CAD), the government is considering encouraging foreign investors to keep funds in the country through a policy known as the reverse Tobin tax. To reduce the country’s current account deficit (CAD), the government is considering encouraging foreign investors…
10,000 Chinese Tourists Cancel Trips to Bali over Coronavirus Fears: Travel group
Chinese tourists are starting to cancel their trips to Indonesia over fears of an acceleration of the spread of a deadly coronavirus in the Asian nation and around the world. Chinese tourists are starting to cancel their trips to Indonesia over fears of an acceleration…
SoftBank Offers to Invest Up to $40bn in Indonesia’s New Capital
Source: BangkokPost, January 19 2019 JAKARTA: Japan’s SoftBank Group has offered to invest between US$30 billion and $40 billion in the development of the new Indonesian capital on Borneo Island, a close aide of President Joko “Jokowi” Widodo said Friday. In a meeting last week…
Badung Targets 6.2 million Foreign Tourists in 2020
Source: ANTARA News, January 17 2019 So in 2020, based on the Regional Medium-Term Development Plan (RPJMD) we set a target of 6.2 million people I Made Badra, the Head of the Badung Tourism Office Badung, Bali (ANTARA) – Badung District in Bali Province, has…