Bank Indonesia Keeps Benchmark Rate, Says Worst Time Has Passed

The central bank now expects Indonesia's economic growth this year would pick up to between 5.1 percent and 5.5 percent.

#ECONOMY

Indonesia, Southeast Asia Enter Golden Age of Economy: HSBC

Despite forecast of slow global economic growth in 2020, Southeast Asia, including Indonesia, is expected to enter an economic golden age.

JANUARY 23 #ECONOMY

KoinWorks Signs Deal With Ministry, Focuses on SME Lending

KoinWorks is set to partner with the Cooperatives and Small and Medium Enterprises Ministry to offer loans for small businesses.

JANUARY 22 #CORPORATE NEWS

Irfan Setiaputra Named Chief Executive as Garuda Seeks to Refurbish Image

Garuda Indonesia seeks to improve governance and financial performance following a string of scandals under previous management.

JANUARY 22 #CORPORATE NEWS

Gov't Considers Fare Raises for Grab, Gojek to Help Drivers Cope With Rising Living Costs

Costs of insurance, tax and fuel are set to rise this year as a wave of new drivers join the gig economy.

JANUARY 21 #CORPORATE NEWS

Meikarta Introduces New Management and New Logo as Development Picks Up Pace

Customers will begin receiving their apartment units in the $20 billion consumer-centric property development this year.

JANUARY 21 #CORPORATE NEWS

Indonesian Contingent to Join Discussions on Climate Change and Investment in Davos

The summit comes right after devastating natural disasters from massive bushfires to floods awaken the world to climate change emergencies.

JANUARY 21 #ENVIRONMENT

VISION

Badminton: Indonesia Wins Three Titles at Daihatsu Masters

Host Indonesia dominated the final day of the Daihatsu Indonesia Masters 2020.

#EYEWITNESS

South Korea's Kia Returns to Indonesia After Four-Year Absence

Kia rejoins compatriot Hyundai in a quest to challenge Japanese manufacturers' domination in the Indonesian market.

JANUARY 20 #CORPORATE NEWS

Rajawali to Revitalize Reservoir Next to New St. Regis Luxury Apartments

The reservoir is one of 76 in Jakarta used to prevent flood in the capital.

JANUARY 17 #PROPERTY

Police Open Inquiry Into Corruption Allegations in Armed Forces Insurer

Asabri has allegedly lost between $730 million and $1.2 billion of its customers' money.

JANUARY 17 #CORRUPTION

Credit Growth Will Recover in 2020: OJK

The Financial Services Authority (OJK) projects credit will grow between 10 and 12 percent this year, almost double its 2019 pace.

JANUARY 16 #ECONOMY

Veteran Investors Encourage More Tech Funding in Indonesia

The tech industry has changed consumer behavior in Southeast Asia's largest economy.

JANUARY 16 #TECH

Lippo Karawaci Raises $325m From Successful Bond Issuance

The five-year bonds were oversubscribed by 4.5 times, reflecting investors' confidence in Indonesia's largest property company.

JANUARY 15 #CORPORATE NEWS

Indonesia's Trade Deficit Narrows by Third in 2019

The country's total exports fell 6.9 percent to $168 billion while imports shrank 9.5 percent to $171 billion last year.

JANUARY 15 #TRADE

AGO Names Suspects in Jiwasraya Corruption Investigation as Case Takes Political Turn

President Joko Widodo on Tuesday summoned chiefs of political parties to brief them on the government's position.

JANUARY 15 #CORRUPTION

Rent-a-Fashion: Style Theory Gets Backing From SoftBank for Southeast Asian Expansion

The fashion rental platform has received $15 million from SoftBank Ventures Asia, Alpha JWC Ventures and the Paradise Group.

JANUARY 14 #CORPORATE NEWS

Medco Set to Issue $650m in Global Bonds to Refinance Debts

The company plans to meet potential investors in a roadshow this week to gauge investors' interest and determine the size of the issuance.

JANUARY 13 #CORPORATE NEWS

Jokowi Says EU Palm Oil Restrictions Are 'Act of Trade War'

The EU last year passed an act declaring Indonesian palm oil "unsustainable."

JANUARY 11 #POLICY

Japan to Help Indonesia Develop Hydropower, Waste-to-Energy Facility

Japan is planning for more investment in various sectors in Indonesia, and at least two projects have been mapped out to be carried out in N

JANUARY 11 #ECONOMY

Former Minister Mari Elka Pangestu Appointed Managing Director of World Bank

Mari will oversee the World Bank’s Global Practice Groups and its research and data division.

JANUARY 10 #INTERNATIONAL