Tag Archives: indonesia

President Joko “Jokowi” Widodo announced his running mate for Indonesian 2019 election. He picks nonpolitical party figure Ma’ruf Amin. Ma’ruf has been a lawmaker, councilor, presidential advisory council member, supreme leader of Nahdlatul Ulama central board, and chairman of the MUI (Indonesian Ulema Council). As MUI chairman, Ma’ruf supported controversial regulations, including the Pornography Law […]

The Gerindra, PKS and PAN parties officially signed Prabowo’s candidacy as presidential and Sandi candidate as vice president in the 2019 Indonesian presidential election. This decision indicates that the coalition contains only three parties. Demokrat Party which had been in this coalition has not yet determined its position. Prabowo Subianto said Sandiaga Salahuddin Uno was […]

Industry Minister Airlangga Hartarto said the manufacturing industry grew 4.41 percent year-on-year (yoy) in the second quarter of 2018, higher than 3.93 percent growth in the corresponding period, last year. He said the manufacturing sector contributed 19.33 percent to the country’s gross domestic product (GDP), the largest contributor to the economic expansion. “The manufacturing sector […]

OCBC Bank is pursuing the idea of a “digital bank” in Indonesia, said its chief executive officer Samuel Tsien yesterday at its results briefing, as Singapore’s second-largest bank looks to join its peers in launching banking for mobile-savvy customers in this region. The bank said it was unable to share more details at this early […]

A powerful quake which struck the Indonesian holiday island of Lombok has killed 82 people and wounded hundreds, national disaster agency spokesman Sutopo Purwo Nugroho said early on Monday (Aug 6), with thousands of buildings left damaged. The 6.9-magnitude tremor, which triggered panic among tourists and locals on Sunday evening, was also felt on the […]

Vice President Jusuf Kalla has said investors were in a wait and see position ahead of the presidential and legislative elections in 2019 as they were concerned about the possible impact of the political events on the country’s economy. He explained that investors were also still waiting for the result of the presidential election, which would […]

The Depok administration in West Java plans to implement the odd-even license plate traffic policy to alleviate traffic congestion. Depok Transportation Agency head Dadang Wihana said one of the streets that might be affected by the policy was Jl. Margonda. He added that according to surveys conducted by the agency, traffic jams on Jl. Margonda […]

Infrastructure projects become the backbone of state-owned banks. In the first half of 2018, infrastructure loans grew over 20% year on year (yoy). One of the aggressive banks that channeled infrastructure loans is Bank Negara Indonesia (BNI). Loans of Rp 107.96 trillion in the second quarter of 2018 flowed into infrastructure projects. This figure rose […]

A 6.4-magnitude earthquake rocked Lombok and Sumbawa islands on Sunday at 6:47 a.m. local time, killing at least 10, including a Malaysian. The Meteorology, Climatology and Geophysics Agency (BMKG) reported that as of 10:20 a.m. local time, the islands had experienced 66 aftershocks. “We did not detect any potential for a tsunami but the earthquake lasted […]