Monday, 8th February 2016
Business
  • Investment climate improving: CIMB Niaga CEO
    5th February 2016
    The Chief Executive Officer of CIMB Niaga, Tigor M Siahaan, said a positive sentiment has emerged marked by the influx of around Rp20 trillion worth of foreign funds into the domestic bonds market earlier this year. "The ...
  • Tax amnesty will encourage investment significantly
    5th February 2016
    The change in the tax penalty scheme would convert the current precipitated funds into investment that would serve as a stimulus for the states economy, an official stated here on Thursday. "Before the tax amnesty, the ...
  • Indonesia studying Trans-Pacific Partnership Agreement
    5th February 2016
    Indonesia is studying 6,000 pages of the Trans-Pacific Partnership Agreement to see possible impacts on domestic industries if it finally decides to join it. "There are 30 sub-sectors involved in the 6,000 page agreement ...
  • ITUC rejects low wages in Indonesia
    4th February 2016
    The International Trade Union Confederation (ITUC) has openly denounced the wage system, which causes structural poverty in Indonesia. "The wages here are even US$100 lower than those in remote areas in China. This ...
  • Australia, Indonesia boosting tourism and economic growth
    4th February 2016
    Australia is expanding efforts to encourage two-way tourism between Australia and Indonesia as a key driver of shared economic growth and more knowledge of each others country. Australian Ambassador to Indonesia Paul ...
  • Bali welcomes tourists with typical souvenirs for Chinese New Year
    4th February 2016
    Balis entrepreneurs and craftsmen are ready to offer some unique and affordable souvenirs to foreign tourists who plan on celebrating the upcoming Chinese New Year in the Island of God. "Various typical Chinese New Year ...
  • Country branding required to face competition era: President
    4th February 2016
    President Joko Widodo (Jokowi) has emphasized that in this era of competition, every country must be able to create its branding. "We need to handle positioning and branding and manage depreciation, as well as package all ...
  • BRI records net profit of Rp25.2 trillion
    4th February 2016
    PT Bank Rakyat Indonesia Tbk. made a net profit of Rp25.2 trillion in 2015, representing a 4.5 percent growth from Rp24.2 trillion it made in the previous year. "The growth is driven by an increase in the interest income ...
  • KAI to be single operator of LRT
    4th February 2016
    State railway company PT Kereta Api Indonesia will be the single operator of Light Rapid Transit (LRT) system in and around Jakarta (Jabodetabek), Transportation Minister Ignasius Jonan said. "PT KAI is assigned to operate ...
  • Govt asks Chevron not to lay off its workers
    4th February 2016
    Energy and Mineral Resources Minister Sudirman Said has asked the oil company, Chevron Pacific Indonesia, not to lay off its employees in its revitalization program. "We ask the oil and gas company not to lay them off. If ...