Asian banks in search of business opportunities are turning to Indonesia, with financial institutions from Japan, Korea and Singapore hoping to acquire domestic banks as the local authority finalizes a plan to relax foreign ownership in local banks. Two Japanese lending giants earlier this year led takeovers ofRead more..

Indonesia’s economic growth is expected to slow to 4.9 percent in the third quarter of this year as weak global demand affects trade and weakens manufacturing industry, while commodity prices continue to decline, according to a local research house. "We predict GDP to grow more slowly at 4.9 percentRead more..

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati said that Indonesia was dealing with two blows throughout 2019 due to the declining growth of the global economy. The two caused by drops in commodity prices and trade volumes. According to Sri, the drops in commodity prices andRead more..

President Joko “Jokowi” Widodo and Finance Minister Sri Mulyani Indrawati appointed Suryo Utomo, formerly expert tax compliance staff to the minister, as taxation director general on Friday, replacing the outgoing Robert Pakpahan, who is set to retire.  Suryo was among 17 officials sworn in atRead more..

Indonesia recorded a slight increase in consumer prices in October as lower foodstuff prices offset hikes in those of food and beverages, cigarettes and tobacco, Statistics Indonesia (BPS) announced on Friday.  Inflation stood at 0.02 percent last month, reversing the 0.27 percent deflation inRead more..