Business News

Preparations for IMF-World Bank meeting continue despite bombings: Minister

Tue, May 15, 2018 | The Finance Ministry is confident that the recent suicide bombings in Surabaya, East Java, will not affect the government’s preparations for the 2018 IMF-World Bank meeting, which is scheduled to be held in Bali in October. “We are going ahead with our preparations,” Finance Minister…

Rupiah Weakens to 14,065/US$

Wed, May 16, 2018 | The rupiah's inter-bank exchange rate in Jakarta on Wednesday morning was corrected 35 bps to trade for 14,065 per US dollar. reported that at 08:23 Jakarta time the spot opened with a 0.24-percent decline at 14,070 per US dollar. The rupiah remained at Rp14,070 per…

Indonesia finalizes fiscal incentives for investments below Rp 500b

Wed, May 16, 2018 | The government is finalizing a regulation on fiscal incentives for new investments below Rp 500 billion (US$35.49 million), which are not covered in the latest tax-holiday scheme. Under the regulation being prepared, fresh investments worth between Rp 100 billion and Rp 500 billion will be…

Jonan: No More Coal Power Plants Construction

Thursday, 12 April, 2018 | Energy and Mineral Resources Ignasius Jonan has decided there will be no more coal-fueled power plant construction, especially in the island of Java. The decision was made on the basis of the Indonesian government’s commitment to anticipating climate changes. "In Java, there will be no…
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