News

12Mar 2018

Indonesia is heaven for social media platform providers and for those who wish to earn from their virtual connections. In 2017, the country recorded 143.3m internet users, a 7.9% increase from the year before. About 90% of users needed the internet for chatting, 87% to access social media, 75% to use search engines, 73% to […]

12Mar 2018

Bulog will supply a higher quantity of rice to the market than its regular monthly distribution in order to slash prices. President Joko Widodo gave the company the go-ahead to supply 400,000 tons of rice to the market this month. Bulog President Director Djarot Kusumayakti said the figure was much higher than its usual monthly […]

05Mar 2018

Indonesia plans to scrap some taxes on electric cars as part of efforts to realize the country’s vision of low-emission models making up at least a fifth of all vehicles produced in the archipelago by 2025. Depending on the model, electric vehicles are currently subject to up to 40% luxury tax and up to 40% […]

05Mar 2018

Bank Indonesia, the country’s central bank, said that the consumer price index rose by 3.2% at the end of the third week of February, compared to the same period last year, indicating only mild inflation going forward. Agus Martowardojo, Bank Indonesia’s governor, said the central bank projects inflation to be lower than January’s 3.25% pace. […]

05Mar 2018

Given the construction progress to date, airport developer PT Bandara Internasional Jawa Barat (BIJB) is positive that operations at Kertajati Airport in West Java can begin in May, followed by haj pilgrimage flights in July. BIJB president director Virda Dimas Ekaputra said that, as of Feb 5, the construction progress on the landside has reached […]

11Feb 2018

Mount Agung has erupted several times since 21 November 2017. On 10 February 2018, the Indonesian authorities lowered Mount Agung’s alert status from the highest Level 4 to Level 3 (Standby). The exclusion zone was also reduced from 6km to 4km around its crater. The Indonesian authorities have indicated that Mount Agung continues to show […]

29Jan 2018

Singapore’s property search start-up 99.co has acquired Indonesia’s UrbanIndo – said to be the largest property portal in Indonesia, with more than 1.2m active listings – for an undisclosed amount. With the acquisition, 99.co is believed to be among the largest property listing portals in Singapore and Indonesia. Property consumers in both countries can now […]

29Jan 2018

Singapore Exchange said it allow companies with dual-class share structures to list, a month after Hong Kong announced a similar proposal, as competition between markets for technology listings becomes increasingly fierce. SGX will consult on the rules this quarter and expects the first listing “soon after,” CEO Loh Boon Chye said. The moves by the […]

29Jan 2018

Indonesian authorities are investigating the use of bitcoin in Bali, amid warnings by the central bank over the risks posed by virtual currencies. BI found out from some postings on social media that Bali appeared to have become a haven for bitcoin transactions, adding that BI officials and police went undercover at the end of […]