Category: News Group

The Chinese economy grew by 1.6% quarter-on-quarter (Q/Q) in the three months to September 2018, compared to a 1.8% expansion in the previous period. Year on year, Chinese economy advanced 6.5% in the September quarter of 2018,...

Indosat Ooredoo (ISAT), Indonesian cellular operator prepared capital expenditure (capex) around US$2 billion in 2019, said the newly chief executive Chris Kanter. He said, to make a major transformation there were three things...

Government considers to remove the tax on the purchase of luxury homes to encourage the growth of the property business. Currently, the purchase of luxury homes is taxed in the form of Article 22 Income Tax (PPh) and Sales Tax...

Government granted tax holiday to eight companies with valued Rp161.3 trillion investment. Among those companies, three are in electricity sector and others are in upstream base metal industry. The investors vary, from China,...

Steel producer PT Steel Pipe Industry of Indonesia Tbk (ISSP), or Spindo, booked sales of Rp3.4 trillion in the first nine months (9M) of 2018, grew 25% from Rp3.26 trillion in the same period of last year. Raw material prices...

Indosat Ooredoo (ISAT) has on Wednesday (Oct 17) appointed Chris Kanter as new CEO, replacing Joy Wahjudi who served as CEO for less than one year. Shareholders also appointed Eyas Naif Assaf and Arief Musta’in as directors...

Ministry of Industry has completed an assessment of the planned presidential decree on electric car as part of government move to boost the use of green energy utilization in the country and reduce gas emissions. Director of...

World Bank (WB) will provide loan of US$300 million for Indonesia Tourism Development Projects (ITDP). The Public Works and Housing Ministry as the manager of the projects said its ready to meet all the conditions needed for the...

Telkomsel, Indonesia’s largest telecommunications company serving more than 178 million customers, has selected Kinetica, the engine for the Extreme Data Economy, because of its ability to act as a converged engine for...

Survey of central bank (Bank Indonesia/BI) shows that credit growth slowed in the third quarter (Q3) of 2018, but to improve in Q4 supported by expected strong optimism over the country’s economy. For the whole year of...

Nearly one year after US President Donald Trump confirmed the US would recognize Jerusalem as the capital of Israel and move its embassy from Tel Aviv to Jerusalem, Australian Prime Minister Scott Morrison followed suit by...

Basuki Hadimuljono, Indonesian Minister of Public Works and Public Housing, said the government continues to push for infrastructure development in the form of toll roads in various regions across Indonesia. In the 2015-2017...