• Bank Indonesia Kept Key Interest Rate at 4.25% in October 2017

    Bank Indonesia held its key rate at 4.25 percent at the October 2017 policy meeting. This decision was in line with expectations. In fact, previously, Bank Indonesia officials had already indicated that they would pause their eagerness to ease monetary policy. Since January 2016, the central bank of Indonesia had already cut the benchmark interest rate eight times from 7.25 percent to 4.25 percent in an effort to boost economic growth.

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  • Awaiting Final US Ruling over Indonesia's Alleged Biodiesel Dumping

    Stakeholders in Indonesia's biodiesel industry are waiting for the final ruling of the US Commerce Department regarding the dumping of biodiesel products on the American market. The USA accuses Indonesia and Argentina of subsidizing biodiesel exports, hence leading to uncompetitive US vegetable oils (particularly soybean oil).

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  • Red Carpet for Private Investors in Indonesia's Hospitality Sector

    Indonesia's Investment Coordinating Board (BKPM) and Tourism Ministry invite private investors to invest in three priority destinations in the country's tourism sector. In total the projects that are on offer require about USD $2.9 billion worth of investment. The projects were offered at the Regional Investment Forum (RIF) in Padang (West Sumatra) that was held between 15-17 October 2017.

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  • Indonesia's Kids' Toys Factories Encouraged to Move to Kendal

    Children's toys manufacturers in Indonesia are increasingly looking at Central Java - specifically Kendal - for business expansion or full relocation as land prices and minimum wages are more competitive in this province. Sutjiadi Lukas, Chairman of the Indonesian Toy Association (AMI), said one kids toys manufacture - Sinar Harapan Plastik - has already bought a 2-hectares plot of land in Kendal.

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