Investment has grown positively in the third quarter owing to business confidence in the countrys economic conditions, Indonesian Finance Minister Sri Mulyani stated. “Investment has grown seven percent due to the confidence of business players,” she remarked here on Wednesday. … Continue reading →
The World Bank dropped its growth outlook for Indonesia’s GDP this year while maintaining its predictions for next year due to an unexpectedly dormant private consumption rate that accounts for over half of Indonesia’s GDP, according to the bank’s latest … Continue reading →
Credit rating agency Fitch Ratings has affirmed Indonesia Sovereign Credit Rating at BBB- with a Positive Outlook. The major rating drivers were low government debt burden, positive outlook for growth and limited sovereign exposure to banking-sector risks with weak – but … Continue reading →
Chinese stainless steel giant Tsingshan Holding Group has expressed interest in building a US$28 billion integrated ferronickel complex in Tanah Kuning Industrial Park in Indonesia’s youngest province, North Kalimantan. Industry Ministry’s industrial estate development director general Imam Haryono said Tuesday … Continue reading →
The Indonesian economy is estimated to have grown at a slower pace in the second quarter than projected earlier due to a shift in the government and public spending to the third quarter, Bank Indonesia (BI) said. Public consumption still … Continue reading →