Jakarta – Bank Indonesia (BI) has said second quarter growth was slower than expected and that this was sparked by various factors including slow government spending, weak public consumption and th

Jeanavive McGregor, Mark Davis and Peter Cronau – Donald Trump was running for the US presidency when he personally raised with senior Indonesian politicians the need to have a toll road completed

Viriya P. Singgih, Jakarta – The World Bank has lauded Indonesia's fiscal framework, calling it "solid" and saying that it has contributed to improving the credibility of the country.

Jakarta – Moody's Investors Service said the Indonesian government's latest policy package is a "credit positive" as it signals a renewed focus on improving investment climate.

Anton Hermansyah, Jakarta – Indonesia is set to revise the country's negative investment list pending a technical meeting to be organized by the Coordinating Economic Ministry.

Jun Suzuki, Jakarta – The growth of foreign direct investment in Indonesia is slowing. The latest data shows that it expanded 0.9% on the year in the January-March quarter.

Fadli, Batam, Jakarta – Batam Mayor Muhammad Rudi said he has reported to President Joko "Jokowi" Widodo and Economic Coordination Minister Darmin Nasution about the island's worsening economy, tho

Jakarta – World Bank has expressed its support of the government's effort to improve logistics in the country as stipulated in the 15th economic policy package announced on Thursday.

Jakarta – The World Banks has projected that the Indonesian economy would grow at the level of 5.3 percent in 2018, higher than this year's projection of 5.2 percent, according to the bank's June 2

Anton Hermansyah, Jakarta – The government on Thursday launched the 15th economic policy package, which is aimed at improving logistics in the country.

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Jakarta – Retailers have high hopes that sales prior to Idul Fitri festivities can recover from low first quarter growth, which was only recorded at 3.9 percent, compared to 10.5 percent growth in

Helen Davidson in Oecusse and Dili – In Timor-Leste's Oecusse province, a band of children wash in the river beneath a multimillion-dollar bridge, yet to open.

Jakarta – Indonesia's economic growth edged up in the first quarter as improving momentum in its major trading partners and rising prices for some commodities underpinned exports, but some analysts

Suherdjoko, Semarang, Central Java – A recent consumer survey carried out by the Trade Ministry showed that 37 percent of respondents had experienced a loss but opted not to file a complaint.

Stefani Ribka, Jakarta – Results of the Economic Census 2016 show that most businesses are still concentrated in Java Island, the Central Statistics Agency (BPS) announced Thursday.

Prima Wirayani, Jakarta – Publicly listed cigarette maker PT Hanjaya Mandala Sampoerna booked Rp 3.29 trillion (US$247.3 million) in net profit in this year's first quarter.

Stefani Ribka, Jakarta – Indonesia pocketed Rp 165.8 trillion (US$12.5 billion) in investment in the first quarter of the year, or 24.4 percent of the 2017 investment target of Rp 678.8 trillion, t

Jakarta – Investors should look beyond the divisive and religiously charged Jakarta election and take confidence from a peaceful voting day as a sign of stability in the country, officials and busi

Jakarta – Multi Bintang Indonesia, Indonesia's largest brewer, nearly doubled its net income last year thanks to strong sales and product innovations.

Stefani Ribka, Sidoarjo, East Java – Indonesia's 2.9 percent growth in exports of footwear was outpaced by a 16.9 percent increase of imports in 2016, Central Statistics Agency (BPS) data shows.

Jakarta – Domestic car sales rose 6 percent in the first quarter of this year, but the figure for two-wheelers continued to decline, painting a diverging picture of Indonesian consumers.

Jakarta – The Presidential office has welcome the plan to develop a Disneyland entertainment venue in Boyolali regency, Central Jakarta, with the hope that it will have a multiplier effect on devel

Jakarta – President Joko "Jokowi" Widodo has criticized his ministers for introducing new regulations that discourage investments and are not in line with his push for economic growth.

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Stefani Ribka, Jakarta – Exports during January to February increased by 19.2 percent to US$25.98 billion from $21.79 billion in the same period last year thanks to recovered commodity prices.

Venidora Oliveira – Police have ended their operations targeting illegal casinos in Dili after the government, through the Ministry of Commerce, Industry and Environment, legalized the gambling ven

Fedina S. Sundaryani, Jakarta – Political instability has alarmed European businesspeople as they are now weighing their reinvestment options in Indonesia.

Stefani Ribka, Mojokerto, East Java – In a bid to improve manpower quality and help industries with skilled manpower, the Industry Ministry has added a new system to its training program, Balai Dik

Stefani Ribka, Jakarta – Indonesian Footwear Producers Association (Aprisindo) has projected footwear exports to grow 5-10 percent from US$4.8 billion last year, on the back of the United States' w

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Jakarta – Rising concerns over religious intolerance have decreased the consumers' confidence in the fourth quarter last year, Nielsen Global Survey of Consumer Confidence and Spending Intentions r

Tassia Sipahutar, Jakarta – The recent verdict by the Business Competition Supervisory Commission (KPPU) that the two largest motorcycle manufacturers colluded to fix prices will have a limited imp

Jakarta – Indonesian consumer confidence declined slightly in the fourth quarter of 2016 to 120 points, according to the latest survey report from Nielsen.

Stefani Ribka, Jakarta – The Trade Ministry has distributed circulars to inform officials that business permits (SIUP) no longer need to be renewed and that registration certificates (TDP) can be r

Jakarta Globe - February 21, 2017

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Anton Hermansyah, Jakarta – To achieve its 2017 target of economic growth above 5 percent, the government aims for investment to increase at a rate of 5.4 percent to 5.6 percent this year.

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Jakarta – The Investment Coordinating Board (BKPM) recorded investment of US$1.6 billion from China up until the third quarter of last year, making the country the third-biggest investor in Indones

Grace D. Amianti, Jakarta – Indonesia saw its external debt continue to grow slowly last November as companies reduced foreign loan, Bank Indonesia (BI) data has showed.

Jakarta – Vidhyandhika D.

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Fathiya Dahrul and Yudith Ho, Jakarta – Indonesian tycoon Hary Tanoesoedibjo says he's fending off potential rivals to his pact with the Trump Organization by building new projects such as a motorb

Jakarta – Consumer confidence rebounded to its highest point in two years, in December, as a result of more positive assessments on the current state of the economy and also its prospects, accordin

Anton Hermansyah, Jakarta – Vice President Jusuf Kalla highlighted on Tuesday the importance of the real economy in ordinary markets, pledging more government support to have businesses in these tr

Anton Hermansyah, Jakarta – Indonesia recorded the inflation throughout 2016 reached 3.02 percent, lower than a year earlier at 3.35 percent, as government's controlled prices relatively stable, ac

Winny Tang, Jakarta – Indonesia is "drier" this festive season as obtaining alcoholic beverages has become more difficult following a recent string of government policies, such as a ban on the sale

Anton Hermansyah, Jakarta – Despite a global economic slowdown, Indonesia managed to see investment in the industrial sector increase by 41.6 percent year-on-year (yoy) to US$18.7 billion during th