ON BUSINESS

#ECONOMY

Indonesia's November Exports Surge at Best Rate in More Than 5 Years

Indonesia's exports in November rose at what a government statistician called a "spectacular" pace — the fastest in more than five years — thanks to higher commodity earnings.

15 December 2016 | 02:16 PM

#ECONOMY

First Local Online Lending UangTeman to Quadruple Reach in 2017

UangTeman, the first online lending service in Indonesia, seeks to quadruple its lending next year by offering an alternative to people without a bank account in the archipelago.

15 December 2016 | 10:55 AM

#ECONOMY

Court Tells Govt to Go Ahead With Tax Amnesty Program

The Constitutional Court has rejected on Wednesday (14/12) four judicial review petitions by civil advocacy groups which challenge the legal basis of the 2016 Tax Amnesty Law, stating the program does not violate the constitution.

15 December 2016 | 10:04 AM

#ECONOMY

Tax Amnesty Program Reaches Asset Declaration Target

Indonesia's flagship tax amnesty program passed one of its initial targets as shown by the real-time data from the tax office late on Wednesday (14/12), providing a much-needed boost for the program's sluggish progress after the success in its first-period.

15 December 2016 | 09:53 AM

#ECONOMY

Asia Stocks, Bonds Struggle as Fed Flags More Hikes

Asian shares and currencies struggled on Thursday (15/12) after the Federal Reserve raised rates for the first time in a year and hinted at the risk of a faster pace of tightening than investors were positioned for.

15 December 2016 | 08:32 AM

#ECONOMY

2017 Will Be Steady Year for Indonesian Firms: Moody's

Moody's Investors Services projects steady earnings growth for Indonesian corporations next year on the back of accelerating economic expansion.

14 December 2016 | 09:52 PM

#POLICY

Swift Confirms New Cyber Thefts, Hacking Tactics

Cyber attacks on the global banking system have continued since February's heist of $81 million from the Bangladesh central bank.

14 December 2016 | 09:30 PM

#ECONOMY

JCI Closes Lower for Second Consecutive Day Over Expected US Fed Rate Hike

Indonesia's benchmark stock index traded lower on Wednesday (14/12) for the second consecutive day as investors remained anxious.

14 December 2016 | 08:37 PM

#MULTIMEDIA

Tax Office Will Improve Once It Becomes Autonomous Institute: A.H. Maftuchan

Executive Director of Initiative Group A. H. Maftuchan states the Tax Directorate General's performance will improve once separated from the Finance Ministry.

14 December 2016 | 02:24 PM

#ECONOMY

India to Invest $135m in Indonesia's Pharmaceutical Industry

Pharmaceutical companies from India have agreed to invest $135 million in medicinal raw materials production in Indonesia.

14 December 2016 | 02:07 PM