1:06 am December 22, 2014 | 1 Comment
Only a fifth of Indonesia’s population of 250 million people is financially literate, the head of the country’s financial regulator said on Saturday, citing a survey undertaken last year.
12:50 am December 22, 2014 | No Comment
Nusantara Infrastructure, a Jakarta-listed unit of Indonesian conglomerate Rajawali Corporation, sealed cooperation agreements with two leading Japanese toll road operators, Nusantara said in a statement on Sunday.
12:24 am December 22, 2014 | 1 Comment
Indonesia’s aviation industry is not ready to face the Asean Economic Community’s plans for a single market by the end of 2015 unless the government helps reduce airlines’ costs by simplifying tax codes, curbing airport inefficiencies and reducing the cost of jet fuel, executives from airlines operating in the country said.
12:20 am December 22, 2014 | 1 Comment
A leading business lobby with strong ties to the administration of President Joko Widodo has called for a tax amnesty, in which the authorities will waive off past taxes and penalties to conglomerates and individuals parking billions of dollars in funds overseas, in a bid to reinvest that money in Indonesia.
8:21 pm December 20, 2014 | 1 Comment
China has offered more than $3 billion in loans and aid to neighbors Cambodia, Vietnam, Myanmar, Thailand and Laos to improve infrastructure and production, and to fight poverty, state media reported on Saturday.
10:45 pm December 19, 2014 | No Comment
The intervention to reverse a slide in rupiah bonds is buying the market time as President Joko Widodo’s clean-up of the energy industry wins investor plaudits.
10:38 pm December 19, 2014 | No Comment
Friday’s verdict, which saw 63-year-old Thomas Kwok found guilty of corruption but Raymond, 61, cleared of all charges, has left questions over the next step for the family empire. The marathon trial centered around claims the brothers had bribed former chief secretary Rafael Hui to be their “eyes and ears” in the government.
9:00 pm December 19, 2014 | No Comment
Nigeria's central bank on Friday announced new measures to curb currency speculation as part of an effort to defend the naira which has been hit hard by the collapse in global oil prices.
8:26 pm December 19, 2014 | No Comment
The Indonesian government plans to impose an "adjustment tariff" for electricity in January next year, in an effort to eliminate the subsidy for middle to upper-income classes and medium to large-scale businesses, a top official at the Energy and Mineral Resources Ministry said on Friday.
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