Jakarta Post-Jakarta, Indonesia posted a surprise trade surplus in October, beating economists’ expectations of a deficit. Imports declined more than exports amid sluggish global and domestic economic growth, Statistics Indonesia (BPS) announced on Friday.
With a US$161.3 million surplus in October,Read more..
KONTAN.CO.ID - JAKARTA. Indonesia's economy grew 5.02% in third quarter compared with a year earlier, roughly in line with market expectations but the weakest pace in over two years, data from the statistics bureau showed on Tuesday.
Analysts polled by Reuters had expected 5.01% growth in theRead more..
State-owned toll road operator PT Jasa Marga plans to raise up to Rp 3 trillion (US$214 million) through the issuance of two capital market instruments to finance its infrastructure projects in the country.
Corporate finance group head Eka Setya Adrianto said in Jakarta that the two instruments – aRead more..
Many banks, especially small and mid-sized ones, are suffering a liquidity problem as a large part of the funds in the banking system are being used to finance infrastructure projects such as toll roads, an Indonesian Chamber of Commerce and Industry (Kadin) official has said.
Kadin’s deputy chairman forRead more..
When financial technology (fintech) start-ups began mushrooming in the country a few years ago, several economists and experts described the phenomenon as a disruption of the conventional banking business.
Fintech firms can provide loans to customers faster than banks by using their technology in determining aRead more..