Category: Indonesia Market

Instantly update and podcast Indonesia Market News and Analysis from varies financial media and provide a sitemap with financial news summary & link to latest Indonesia Market News for the one who wanted to catch up Indonesia Market change in timely manner.

Indonesia’s Feb inflation rate cools to six-month low of 1.38%

Sumber: Reuters | Editor: Yudho WinartoKONTAN.CO.ID – JAKARTA. Indonesia’s annual inflation rate cooled for a second straight month in February to 1.38%, the slowest since August 2020, data from the statistics bureau showed on Monday. February’s rate matched the median forecast of a Reuters poll of analysts and compared with January’s 1.55%….

The government…

Jakarta. The government has increased the Covid-19 and national economic recovery (PC-PEN) fund by 19 percent and provided tax cuts for new car purchases to encourage consumers to spend, following an underwhelming trade data pointed to lingering weakness in domestic demand.While Indonesia has booked a trade surplus for the ninth straight…

Microsoft Follows Amazon to Build Its First Data Center in Indonesia

Jakarta. American tech giant Microsoft announced a plan to build its first data center in Indonesia, marking its “most significant” investment in the country in the past 26 years, that would help the largest digital economy in Southeast Asia to generate an additional $6.3 billion in revenue, the company said in a statement on Thursday. Microsoft…

New Zealand’s largest city Auckland back to lockdown after COVID-19 case

Sumber: Reuters | Editor: Tendi MahadiKONTAN.CO.ID – WELLINGTON. New Zealand’s Prime Minister Jacinda Ardern said on Saturday that the country’s biggest city, Auckland, will go into a seven-day lockdown from early morning on Sunday after a new local case of the coronavirus of unknown origin emerged. This comes two weeks after Auckland’s…

Indonesia ramps up effort to spot elusive COVID variants

JAKARTA — Indonesian scientists are planning to sequence 10,000 samples of COVID-19 this year to detect variants of the virus that may be circulating around the vast archipelago.Last month, Health Minister Budi Gunadi Sadikin signed a memorandum of understanding with Minister of Research and Technology (RISTEK) Bambang Brodjonegoro to collaborate…

New COVID-19 variants remain undetected in Indonesia

JAKARTA — Indonesian scientists are planning to sequence 10,000 samples of COVID-19 this year to detect variants of the virus that may be circulating around the vast archipelago.Last month, Health Minister Budi Gunadi Sadikin signed a memorandum of understanding with Minister of Research and Technology (RISTEK) Bambang Brodjonegoro to collaborate…

Malaysia’s AmBank to pay $700 million in 1MDB-linked settlement

Sumber: Reuters | Editor: Wahyu T.RahmawatiKONTAN.CO.ID – KUALA LUMPUR. Malaysian banking group AMMB Holdings Berhad (AmBank) said on Friday it will pay the government 2.83 billion ringgit ($699 million) to settle claims linked to a massive financial scandal at state fund 1MDB, a hefty payment that is expected to have a material impact on the…

Indonesia permits private COVID-19 vaccination scheme

Sumber: Reuters | Editor: Yudho WinartoKONTAN.CO.ID – JAKARTA. Indonesia has authorised one of the world’s first private vaccination schemes to run alongside its national programme so that companies can buy state-procured vaccines to inoculate their staff in Southeast Asia’s biggest country. The initiative, approved by a government regulation,…

UK to prioritise next stage of COVID-19 vaccines by age, not job

Sumber: Reuters | Editor: Wahyu T.RahmawatiKONTAN.CO.ID – LONDON. Police and teachers will not jump to the head of the queue in the second phase of Britain’s COVID-19 vaccination rollout, with people instead prioritised by age, officials advising the government said on Friday, describing this as the best way to keep up the pace of immunisations….

It’s Never About Tesla Car Factory: Luhut

Jakarta. Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said that the Indonesian government was still in discussion with American electric car maker Tesla about its investment plan in Southeast Asia’s largest economy, which never includes a plan for a car manufacturing facility. “We never talk about car…

Indonesia is…

Perth. After a year of bushfires, floods, and drought, the Australian agricultural industry is on the road to recovery. One of the countries that will play a major role in helping heal this industry is Australia’s biggest neighbor, Indonesia.Several factors may add the pace to future growth of bilateral trade, such as Australian and Indonesian government…

GIC to buy 9% of Indonesia’s Bank Jago to tap digital banking business

JAKARTA – Singapore sovereign wealth fund GIC will purchase a stake in Bank Jago, a publicly listed Indonesian lender that is set to become the first fully digital bank in South-east Asia’s largest economy, a rights issue prospectus shows.GIC will spend as much as 3.15 trillion rupiah (S$294 million) to acquire about 9 per cent of Bank Jago’s enlarged…

Gold falls 1% as elevated U.S. yields hit safe haven appeal

Sumber: Reuters | Editor: Wahyu T.RahmawatiKONTAN.CO.ID – JAKARTA. Gold prices fell 1% on Thursday as U.S. treasury yields remained elevated, with bullion’s safe haven appeal also hit by bets for a faster global economic recovery. Spot gold fell 0.9% to $1,788.56 per ounce at 1306 GMT, after falling as much as 1% earlier in the session. U.S….

Big turnout as Indonesia holds mass vaccination drive for clergy

JAKARTA — Thousands of Indonesia’s religious figures gathered on Thursday for mass COVID-19 inoculations for clergy and faith groups, with monks, priests, imams and nuns queuing to receive their first doses of vaccine.Monks in orange, brown and maroon robes sat on chairs evenly spaced across the basement car park of Jakarta’s Grand Istiqlal Mosque…

Oil hovers near 13-month highs as storm hits U.S. output

Sumber: Reuters | Editor: Wahyu T.RahmawatiKONTAN.CO.ID – SINGAPORE. Oil prices extended gains for a fourth session on Thursday to reach the highest levels in more than 13 months, underpinned by an assurance that U.S. interest rates will stay low, and a sharp drop in U.S. crude output last week due to the storm in Texas. Brent crude futures…

OUELH Announces Strategic Recapitalization Plan

Jakarta. Lippo Group’s OUE Lippo Healthcare, or OUELH, the healthcare subsidiary of Singapore-listed property developer and owner OUE Limited, has announced a plan to convert existing shareholder loans and interests worth $144 million into perpetual securities in a strategic move to strengthen its capital structure, the company said in a statement…

Government bets on the…

Jakarta. The government has decided to assign MNC Lido City, a resort megaproject owned by MNC Land, a Jakarta-listed property company controlled by media tycoon Hary Tanoesoedibjo, special economic zones, or SEZ for tourism, a status that came with various tax incentives and special tax facilities for any business involved in the…

Traveloka plans regional fintech expansion before 2021 listing

An employee of Traveloka works at the company’s headquarters in Jakarta, Indonesia, August 2, 2017. Beawiharta, Reuters/FileSINGAPORE – Traveloka, Southeast Asia’s largest online travel startup, plans to launch financial services in Thailand and Vietnam as it eyes a US listing through a blank-cheque company, its president said.The 9-year-old Indonesian…

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