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 →
The House of Representatives (DPR) Commission VI that oversees state-owned enterprises has approved Rp4 trillion more state capital injection (PMN) for state-owned railway company PT Kereta Api Indonesia (KAI) to develop light rail transit (LRT) project covering Jakarta, Bogor, Depok … Continue reading →
The Swiss Government has provided a grant of US$75 million for Indonesia to support the countrys economic development. The Swiss Government wants to continue and maintain technical support for Indonesia, Swiss Economic, Education and Research Minister Johann Schneider-Ammann said after … Continue reading →
Indonesia posted US$1.63 billion trade surplus in June. The country’s total export last month amounted to US$11.64 billion and total import was US$10.01 billion. According to the Central Statistics Agency (BPS) head Suhariyanto, the trade surplus in June was attributable … Continue reading →
The House of Representatives’ budget committee revealed on Tuesday the results of its deliberation with the government on the draft state budget for 2018. The committee’s chairman, Azis Syamsuddin, delivered the government’s working program priorities and general direction of next … Continue reading →