Thursday, 3rd September 2015
Business
  • OJK to allow publicly traded companies to buy back shares
    21st August 2015
    The Financial Service Authority (OJK) plans to issue a regulation allowing publicly listed companies to buy back their shares from the public. The new regulation is expected to be issued by the end of the third week of ...
  • Car industry interested in developing Indonesian electric car
    21st August 2015
    The car industry is interested in the development of electric cars in Indonesia, the Managing Director of Carmudi Indonesia, Wouter van der Kolk, said on Thursday. "Environmentally friendly cars are widely available in the ...
  • Capital outflow big: Chief economic minister
    21st August 2015
    Chief economic minister Darmin Nasution admitted here on Thursday that capital outflow tended to be high in the third quarter and compounded by currency war it continued eroding the rupiah exchange rate. The rupiah ...
  • Factions describe tax revenue target for 2016 not realistic
    21st August 2015
    A number of factions in the House of Representatives described the tax revenue target set in the draft state budget for 2016 as not realistic. President Joko Widodo (Jokowi) presented a draft state budget for 2016 to the ...
  • Central bank to launch three strategies to stabilize rupiah
    21st August 2015
    Bank Indonesia said it is applying three short term strategies to create rupiah stability amid the protracted global crisis. "We will optimize monetary operations both in rupiah market and in foreign exchange market," ...
  • Currency war causing rupiah depreciation: Finance minister
    20th August 2015
    Finance Minister Bambang Brodjonegoro has blamed a possible currency war as one of the causes for the current depreciation of the countrys rupiah. "It has been difficult for the rupiah to appreciate because other ...
  • Rupiah loses more value against US. dollar
    20th August 2015
    The Indonesian currency rupiah lost more value against the U.S. dollar trading at the level of 13,866 in the closing session on Thursday from 13,842 per dollar earlier. Despite the signal from the Fed that it would ...
  • Indonesia, Singapore establish company in Batam
    20th August 2015
    Indonesian state-owned electronics company Len Industri and Sunseap Enterprises Pte Ltd of Singapore have signed an agreement to establish a joint venture company, named Len Sunseap Energy, in Batamindo Industrial Area, Batam, ...
  • Investment board hopes to make Australia new major investment market target
    20th August 2015
    The Capital Investment Coordinating Board (BKPM) said it plans to promote campaign to sell Indonesian investment opportunities to more Australian investors. BKPM head Franky Sibarani said Australia would become a major ...
  • Tax revenue target realistic based on natural growth: Minister
    20th August 2015
    Finance Minister Bambang Brodjonegoro described as realistic target set for tax revenues in 2016 saying it was calculated on natural growth. "Countries which have good fiscal management, depend much on tax revenues. ...