Two global car maker, Germany Volkswagen (VW) and South Korea’ Hyundai Motor Corp., plans to build a car factory in Indonesia, a government official said on Thursday (12/20). Director general at Industry ministry Harjanto said,...
Read MoreIndonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) will not be agreed upon this year, due to foreign policy. Without mentioning the issue, Trade Minister Enggartiasto Lukita said that the discussion...
Read MoreFitch Ratings Indonesia has rated for four local bank owned by foreign investors. The agency affirmed PT Bank Tabungan Pensiunan Nasional Tbk (IDX: BTPN) at AAA. While its unit PT BTPN Syariah’ National Long Term Rating AA to...
Read MoreThe central bank (Bank Indonesia/BI) decided on Thursday (Dec 20) to keep the 7-day Reverse Repo (BI-7DRR) rate at 6% following the United States (U.S.) Federal Reserves (the Fed) monetary action. The Deposit Facility interest rate is 5.25%, and the Lending Facility interest rate is 6.75%.
Read MoreStock market performance turned into negative this year led by consumer goods industry, infrastructure-utilities-transportation, also property-real estate-building construction. Agriculture sector corrected 3.5% and trade-service-investment dropped 15.7%.
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