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Benoa aims to be hub port for cruise ships

(Picture-www.baliyachtservices.com )

Becoming increasingly popular as a destination port and turn-around port, Benoa is aiming to expand its operations to become a hub port for cruise ships. By being a hub port, Benoa would be an arrival and departure point for cruise ships from around the world, with cruise operators establishing their home base in Bali. “Cruises […]

February 6th, 2014 | Published in Economic,News,Tourism,TTI | Read More »

Indonesia remains attractive to foreign investors, says BI

Bank Indonesia

Despite tighter global liquidity this year, Bank Indonesia (BI) remains optimistic that the country will still attract foreign inflows, as fund managers will notice the latest improvements in the country’s macroeconomic indicators, notably the narrowing current-account deficit. “There’s one important variable that determines the decision that investors make when they weigh their investment preferences within […]

February 6th, 2014 | Published in Economic,News | Read More »

Finance minister optimistic about growth of economy at 5.8-6.1 percent

Minister of Finance

Jakarta (ANTARA News) – Finance minister Chatib Basri stated that he was optimistic that Indonesia’s economy would grow between 5.8 percent and 6.1 percent this year. “We were right with our prediction of growth at 5.8 percent to 6.1 percent last year,” he explained after attending an Indonesia Summit 2014 seminar, here on Wednesday. The […]

February 5th, 2014 | Published in Economic,News | Read More »

BPS: Indonesia’s GDP Up by 5.78 Percent in 2013

TEMPO.CO, Jakarta – Statistics Indonesia (BPS) announced that Indonesia’s GDP had experienced a 5.78 percent increase in 2013. According to BPS, the growth occurs on all economic sectors with the highest increase of 10.19 percent recorded by the transportation and communication sector. Meanwhile, sector with the lowest percentage of growth was the mining and drilling […]

February 5th, 2014 | Published in Economic,News | Read More »

Many Foreign Investors Earn Profit in Indonesia: Minister

Indonesian Minister of Finance, Chatib Basri. (ANTARA PHOTO/Reno Esnir)

The Government of Indonesia is currently drawing up a policy to provide incentives in the form of dividend tax relief to foreign investors who will reinvest their profits in the country. Kuala Lumpur (ANTARA News) – Foreign investors in Indonesia make huge profits from their investments in a number of business sectors including telecommunication, automotive, […]

February 3rd, 2014 | Published in Economic,News | Read More »

Deal to boost global trade reached at WTO summit

wto logo

Associated Press, Bali A deal to boost global trade has been approved by the World Trade Organization’s 159 member economies for the first time in nearly two decades. WTO Director-General Roberto Azevedo shed tears during the summit’s closing ceremony Saturday as he thanked host nation Indonesia and his wife, saying “for the first time in […]

December 9th, 2013 | Published in Economic | Read More »

Indonesia remains top of investment destination list

bkpm logo 2

Jakarta (ANTARA News) – HSBC Indonesia predicted that Indonesia will still chalk up positive investment growth in 2014 despite discouraging trend of economic slowdown. The investment would continue to grow because of good handling of inflation and trade balance by the government, HSBC Indonesia Managing Director of Global Markets Ali Setiawan said in a seminar […]

December 5th, 2013 | Published in Economic | Read More »

Minister Optimistic 2013 Tourism Target Will Be Met

Surfer at Nias

By SP/Hendro Situmorang (Jakarta Globe) Indonesia is on-course to meet its annual tourism target of 8.6 million foreign visitors as tourists continued to flock to sites in Bali and Batam, Tourism and Creative Economy Minister Mari Elka Pangestu said on Tuesday. The ministry recorded some 7.13 million foreign tourists in the first 10 months of […]

December 4th, 2013 | Published in Economic,Tourism | Read More »

Opportunity for RI in bigger sukuk market: Moody’s


Satria Sambijantoro, The Jakarta Post New issuers and a larger number of investors are expected to flood the sukuk market in coming years, with Indonesia having the opportunity to boost the issuance of its sharia-compliant bonds to deepen its financial market, ratings agency Moody’s Investors Service says. Global sukuk issuance was likely to maintain its […]

November 28th, 2013 | Published in Economic | Read More »

Govt to auction Rp1 trillion Islamic bonds


Jakarta (ANTARA News) – The Indonesian government plans to auction Islamic bonds (sukuk) worth Rp1 trillion on November 26 to meet part of its financing target in the 2013 state budget. The bonds up for the auction will consist of series SPN-S27052014 which is new issue and series PBS004, PBS005 and PBS006 which are reopening […]

November 25th, 2013 | Published in Economic | Read More »