• Turkish Hotel Operators Want Balinese Staff Members

    The hotel industry in Turkey is eager to have Indonesian migrant workers from Bali working at Turkish (3-5 star) hotels. Ilham Achmad, Head of the Indonesian Migrant Workers Placement, Protection and Monitoring Agency (BP3TKI)'s Bali branch, said Balinese workers are wanted by Turkish hotel operators because they are excellent workers for spa therapy services offered at these hotels.

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  • Who Will Become Bank Indonesia's Next Governor?

    The five-year term of Bank Indonesia Governor Agus Martowardojo will end on 22 May 2018 and therefore it is time to take a look at his potential successors. However, it could very well be that Martowardojo is allowed to have a second five-year term as central bank chief.

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  • Borneo Olah Sarana Sukses Sets Share Price at 400 a Piece for IPO

    Borneo Olah Sarana Sukses, an Indonesia-based coal mining company, set its share price at IDR 400 a piece (approx. USD $0.03) for the initial public offering (IPO) on the Indonesia Stock Exchange. The coal miner will offer 400 million shares, or 28.57 percent of the company's total share equity, to the public through the corporate move. As such, the company is set to raise IDR 160 billion (approx. USD $11.8 million).

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  • More Companies from the European Union Invest in Indonesia

    There is a rising trend of investment from the European Union (EU) into Indonesia. This is no surprise considering the improving economy in Europe. Based on data from the Investment Coordinating Board (BKPM), the EU is now the fourth-biggest foreign investor in Indonesia, after Singapore, China and Japan.

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