This tag is associated with 67 posts

Russia Overtakes U.S. And China In Manufacturing Competitiveness Amid Cheaper Oil, Ruble: BCG

Russia has overtaken the United States and China in terms of manufacturing competitiveness helped by a fall in oil prices and the country’s currency, according to a report by the Boston Consulting Group (BCG). The report from BCG evaluates the competitiveness of the world’s top 25 export economies, which account for nearly 90 percent of world exports … Continue reading

As Spending Slows In Indonesia, President Jokowi Weighs Cabinet Reshuffle

By Qingzhen Chen Indonesia is predicted to grow at a much lower rate due to slow government spending. While expectations of a new cabinet has been widely anticipated in recent weeks, President Jokowi has yet to confirm such a change as he struggles to find loyal staff. Asian Development Bank (ADB) and the World Bank have … Continue reading

De-Dollarization: Indonesia’s Central Bank Bans Foreign Currencies In Domestic Transactions

Indonesia will ban the use of foreign currencies in its domestic transactions in a move which has drawn criticism, according to a report from The Wall Street Journal (WSJ). Indonesia will ban the use of foreign currencies in its domestic transactions, according to The Wall Street Journal (WSJ). According to the WSJ, Indonesia’s Central Bank has pushed through regulations that will prohibit using … Continue reading

Oman May Invest $7 Billion In Indonesia’s Oil And Gas Industry

Indonesia’s Energy and Mineral Resources Minister Sudirman Said said that Omani investors may invest up to $7 billion in oil and gas projects in the country, the Jakarta Globe reports. According to the report, the minister says that a number of investors from Oman have expressed interests in developing oil and gas tanks, a refinery, … Continue reading

Iran To Build 48 Hydroelectric Power Plants In Indonesia Over Next Five Years

Iran and Indonesia have agreed to build 48 small-scale hydroelectric power plants as the two nations look to improve ties that have been hindered by sanctions over Tehran’s nuclear program. The hydroelectric power plants will be constructed in Indonesia by Iranian companies over the next five years, Iran’s Energy Minister Hamid Chitchian said following a conference with Indonesia’s Economy … Continue reading

Contractors Race To Cash In On Southeast Asia’s Metro Boom

Japanese general contractors won bids for a string of subway projects in Southeast Asia in 2013 and 2014, and they are now preparing to start construction. Among the projects is Singapore’s Thomson Line, a 30km-long all-underground line that could determine whether Japan’s urban subway tunnel technology can compete in overseas markets. By Nikkei Asian Review … Continue reading

World Bank Ready To Loan Indonesia $11 Billion, In A Sign That U.S. Pushing Back On Chinese-Led AIIB

The World Bank is ready to offer around $11 billion in funding to Indonesia, the lender said on Wednesday, in a sign that the Washington-based institution is pushing back on China’s ambitions to finance projects in Asia via the Asian Infrastructure Investment Bank (AIIB). World Bank President Jim Yong Kim offered Indonesian President Joko Widodo up to $11 … Continue reading

Indonesia Needs New Strategy To Secure Medium-Term Growth

By David Nellor The slowdown in Indonesian growth to 4.7 per cent for the first quarter of 2015 follows a steady quarterly slowdown since the 6.8 per cent peak just over four years ago. Is this slowdown simply a post-commodity boom cyclical downturn, or is it the beginning of an extended period of weakness? The … Continue reading

How Indonesia Reformed Its Risky Financial Sector

By Anwar Nasution Reforms of the financial sector in Indonesia since 1997 have mitigated the key risk factors that caused the economic crisis of 1997. The first of these was structural weaknesses in the financial sector, particularly the banking system. The second was heavy borrowing by both the banking system and the corporate sector from … Continue reading

Russia, Indonesia May Switch To National Currencies In Bilateral Trade

Russia has proposed to Indonesia to use their national currencies for trade settlements, said Denis Manturov, Russia’s Minister of Industry and Trade, Russian media reports, just days after Russian Prime Minister Dmitry Medvedev made the same offer to Vietnam. “We [Russia] expect active support in the transition to the use of national currencies in our trade relations with [a number of countries] and Indonesia, too,” … Continue reading

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