• Foreign Exchange Reserves Indonesia Fall in November 2017

    Indonesia's foreign exchange reserves fell in November 2017. At the end of November the nation's foreign exchange reserves stood at USD $125.97 billion, down from USD $126.55 billion at the end of the preceding month. Despite the decline, the exchange assets can still adequately cover 8.4 months of imports or 8.1 months of imports and servicing of government external debt repayments, well above international standards at 3 months of imports.

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  • Balinese Furniture & Handicraft Exporters Target Shipments to USA

    Balinese furniture and handicraft exporters target a sharp increase in exports to the United States after European demand for Balinese furniture and handicraft products has plunged significantly over the past year. These manufacturers and exporters expect to see a 30 percent (y/y) rise in exports to the world's top economy.

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  • What's Next for Go-Jek's Expansion Plans in Indonesia? Go-Pay & IPO

    Nadiem Makarim, Chief Executive Officer of Indonesian ride-hailing and logistics services provider Go-Jek, expects the company to conduct an initial public offering (IPO) within the next couple of years. Go-Jek, Indonesia's first billion-US dollar tech startup, offers various services to the Indonesian people, including transportation, delivery, lifestyle and payment services.

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