ON BUSINESS

#MULTIMEDIA

Finance Ministry Publishes 2016 State Budget Expenditure & Revenue

The 2016 state budget deficit is at 2.46% of GDP slightly wider than the 2.35% target, but it stayed within the safe margin, which the government has been quick to take credit for.

06 January 2017 | 02:47 PM

#MULTIMEDIA

Kalla Urges for Rupiah Redenomination Policy to Be Passed Into Law

Bank Indonesia Governor Agus Martowardojo says in the redenomination bill, there are 18 articles to be discussed at the House of Representatives this year.

06 January 2017 | 02:23 PM

#ECONOMY

No Rice Imports Needed for 2017: Jokowi

President Joko "Jokowi" Widodo said Indonesia will not import medium quality rice this year citing production and stocks of rice in the country as sufficient.

06 January 2017 | 11:46 AM

#ECONOMY

Analysts Welcome New Stock Exchange Autorejection System Changes

Analysts are optimistic a new autorejection system introduced at the Indonesia Stock Exchange this week which allows for larger stock price fluctuation will offer bigger margins for market players.

06 January 2017 | 11:39 AM

#ECONOMY

KPK Calls Chief Taxman as Witness

The national anti-graft agency interrogated the Director General of Taxes Ken Dwijugiasteadi as a witness on Thursday (05/01) after his name emerged in the investigation of a graft case involving a tax inspector and an executive from Abu Dhabi-based Lulu Group International.

06 January 2017 | 10:04 AM

#ECONOMY

Pertamina Raises Non-Subsidized Fuel Prices

State energy company Pertamina has increased the price of its non-subsidized fuel products by Rp 300 (about 2 US cents) as of Thursday (05/01) to match global fuel prices.

06 January 2017 | 10:00 AM

#ECONOMY

Indonesia, Japan to Sign Deal Next Week on Joint Study of High-Speed Railway

President Joko Widodo and Japanese Prime Minister Shinzo Abe will witness the signing of an agreement on a joint study for the Jakarta-Surabaya railway.

05 January 2017 | 09:33 PM

#ECONOMY

Next Policy Package to Improve Port Dwelling Time: Chief Economic Minister

The government will roll out another policy package this month that will reduce dwelling time duration at ports to improve logistics and attract investment.

05 January 2017 | 07:14 PM

#OPINION

Wings Air's Plane Skids Off Ketapang Airport Taxiway

A Wings Air plane skidded off the taxiway at Rahadi Oesman Airport in Ketapang, West Kalimantan, on Thursday (05/01).

05 January 2017 | 06:12 PM

#ECONOMY

Investigation Into 'Drunk Pilot Scandal' Finds More Airlines Breaching Pre-Flight Checks

Investigation into the antics of a Citilink Indonesia pilot who almost took off while intoxicated finds many airlines often breach pre-flight checks.

05 January 2017 | 02:30 PM