ECONOMY
Foreign tourist arrivals hit well above 111,000 in April, highest since start of pandemic
Statistics Indonesia (BPS) announced that the number of foreign tourist arrivals in April reached 111,060, up nearly 500% year-on-year and 172.3% month-to-month as the tourism sector bounced back.
Including to build IKN, this is Indonesia’s infrastructure budget for 2023
Finance Minister Sri Mulyani Indrawati announced the budget estimation for Indonesia’s infrastructure spending in 2023 in a hearing with the House Budget Committee on Tuesday (31/5). Sri put it between Rp367.7 trillion to Rp417.7 trillion, higher than infrastructure spending in 2020 and 2021, namely Rp406.1 trillion and Rp365.8 trillion, respectively.
Sri Mulyani: Indonesia’s economy is facing four hurdles
Finance Minister Sri Mulyani Indrawati announced that, as of April, the national budget (APBN) recorded a surplus of Rp103.1 trillion (0.58% of GDP).
Beware, illegal trading robot and money game still rampant
Jakarta, IO - The Investment Alert Task Force (SWI) of the Financial Services Authority (OJK) cautioned the public to remain careful in picking investment offers and digital lending (pinjol).
Electricity tariff goes up for 3,000VA and above category
Jakarta, IO - President Joko Widodo agreed to raise electricity tariffs for customers in the category of 3,000 VA and above, despite the surge in energy commodity prices due to the ongoing Russia-Ukraine war.
Exports continues positive trend, but Gov’t cautions impact of Ukraine war
Indonesia’s economic structure is showing improvement as exports surged to US$27.32 billion in April, up 47.76% yoy.
House: CPO export ban threatens the livelihood of 2.6m oil palm farmers
Sihar Sitorus, House Committee XI member of PDI-P fraction, asked the government to review the export ban on cooking oil raw materials as the policy will adversely impact 2.67 million oil palm farmers in Indonesia.
Trade Ministry foils attempt to export 81,000L cooking oil to Timor Leste
Trade Ministry confiscated 81,000 liters of cooking oil at the Tanjung Perak Port, Surabaya, bound to be illegally exported to Timor Leste. The exporter tried to trick the authorities by not mentioning cooking oil in the export declaration papers.
10 most expensive cities in Indonesia. Is yours one of them?
Statistics Indonesia (BPS) announced 10 cities with the most expensive cost of living in Indonesia based on cost-of-living survey conducted in 2018.
INDEF predicts this would happen if gov’t lifts subsidy for fuel and 3-kg LPG
The economy grew by 5.01% in Q1-2022, near the pre-pandemic level. The Institute for Development of Economics and Finance (INDEF) hopes this performance can be maintained throughout 2022.
BI issues policy on use of Rupiah in international events
Bank Indonesia (BI) issued Regulation 24/6/PBI/2022 on the policy for the use of Rupiah in international activities, effective on April 27, 2022.
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