Category: News Group

Foreign tourist arrivals in Indonesia slumped 87.44% year-on-year to a fresh record low of 160 thousand in April 2020, as the COVID-19 global pandemic forced more countries to implement travel restrictions. The number of...

Oil prices were higher on Tuesday, with WTI futures trading around $35.7 a barrel and Brent crude around $38.7 a barrel as OPEC and its allies are expected to extend current output cuts beyond June. News showed Saudi Arabia and...

Indonesia’s annual inflation rate declined to 2.19 percent in May 2020, the lowest since June 2000, as the restriction measures imposed by the government to halt the rapid spread of COVID-19 led consumers to stay at home....

The IHS Markit Indonesia Manufacturing PMI rose to 28.6 in May 2020 from a record low of 27.5 in April. This was the second-lowest reading on record amid public health measures to contain the COVID-19 outbreak. Output continued...

The Asian Development Bank (ADB) has approved a US$300 million loan to help PT Geo Dipa Energi, an Indonesian state-owned company, expand its geothermal power generation capacity by 110 megawatts in Java. The Fund will also...

Japanese car maker, Nissan Motor Co., Ltd. close manufacturing facililites in Indonesia and Spain after book a losses in 2019 and as part of its four-years plan. Thailand plant become as single production base in Southeast Asia...

Indonesian government will put a 10% of value added tax (VAT) on digital products and services sales starting July 1. The policy is part of the government’ efforts to create justice and level playing field for domestic and...

Beverages producers, PT Coca-Cola Amatil Indonesia has signed an agreement with provider of packaging and plastics catering to the South East Asia & China Market Dynapack Asia to construct polyethylene terephthalate...

Two Indonesian startups raised seed funding from their investors. Delman, a data management startup has raised $1.6 million in seed funding led by Intudo Ventures, with participation Prasetia Dwidharma Ventures and Qlue Performa...

Major stock markets in the Asia Pacific region mostly traded lower on Thursday, amid mounting US-China tensions after State Secretary Mike Pompeo told Congress that Hong Kong no longer qualifies for its special status under US...

Singapore’ government downgraded the 2020 economic growth forecast from contraction 0.4% to (7.0%) caused the COVID-19 outbreak. The country reported in the first quarter (1Q) of 2020, the economy contracted by 0.7% compared to...

The People’s Bank of China (PBoC) held the borrowing cost on its seven-day reverse repo steady at 2.20 percent on May 27th, after resuming operations on the liquidity tool for a second straight day. The PBOC injected CNY...