Business News
Rupiah weakens as most Asian currencies strengthen against US dollar
The rupiah further weakened to Rp 14,347 per US dollar on Friday or 0.06 lower than its position the day before, according to the Jakarta interbank spot dollar rate (Jisdor), although other Asian currencies appreciated against the greenback.Last Friday, the rupiah stood at Rp 14,282 per dollar, but since earlier…
Batik aims to industry to increase exports
The batik industry is aiming at establishing itself as a prominent export industry, with the Industry Ministry saying overseas demand will increase over the coming years.Batik, an internationally acclaimed national heritage that offers a plethora of fabric motifs from different regions, is an industry in which the players are mostly…
Indonesia plans to construct 4,479 km toll roads by 2030
The government plans to develop 4,479.33 kilometers of toll roads by 2030 in addition to the 1,500 km toll road projects that are to be completed in 2024 to support mobility, an official has announced.The Public Works and Housing Ministry’s road development director general, Sugiyartanto, said the new toll roads…
Jokowi ponders two 'hills' in Kalimantan for new capital
All eyes are now on Kalimantan as President Joko “Jokowi” Widodo has fallen in love with two hills there – Bukit Soeharto (Soeharto Hill) and Gunung Mas (Golden Hill) – as he seeks the best place to relocate the capital from Jakarta.“From the width of the area, this is the…
