Investment in Indonesia continues to grow despite the economic slowdown in the country, Chief of the Investment Coordinating Board (BKPM) Franky Sibarani said after visiting eight investment projects in Banten and Central Java from June 9 to 12. These projects are among examples of 100 investment projects that were inspected to check whether they could run smoothly
http://m.nasdaq.com/article/investment-in-indonesia-continues-to-grow-indonesian-investment-coordinating-board-bkpm-20150615-00879
The government is preparing to cut the lending rate of its subsidized micro credit loan program (KUR) in half as it seeks ways to spur economic growth amid the decline in private consumption and exports, a minister says.
Finance Minister Bambang Brodjonegoro said on Friday as part of the government’s program to spur the local economy, the interest rate of the subsidized KUR loan could be reduced to as low as 12 percent from the current level of 22 percent and 24 percent.
http://m.thejakartapost.com/news/2015/06/13/govt-halve-micro-loan-interest-rate-12.html
Indonesia wants to unleash 30 trillion rupiah ($2.3 billion) of new loans for small businesses and halve some bank micro lending rates to help revive an economy running at its slowest pace in five years.
http://www.bloomberg.com/news/articles/2015-06-10/indonesia-to-halve-lending-rates-to-small-business-amid-slowdown
To encourage the use of Indonesian Rupiah (IDR) for domestic Indonesian transactions, the Bank of Indonesia passed, on 31 March 2015, Regulation 17 which will ban the use of foreign currencies in such transactions from July 1, 2015.
According to the Bank of Indonesia’s director of money management, the Regulation is part of an effort to avoid a “dollarized economy” and uphold the “sovereignty of the rupiah”.
http://www.lexology.com/library/detail.aspx?g=d2bedf4d-9000-436d-b58c-7565f44bbbae
Bank Rakyat Indonesia , the second largest lender by assets, has invited about six companies including BNP Paribas Cardif and Tokio Marine Holdings Inc to bid for a 40 percent stake in its insurance unit,
http://mobile.reuters.com/article/idUSL3N0YU0YZ20150608?irpc=932
Indonesia has informed Singapore that it does not want to continue with a bilateral agreement signed in 2005 by both countries to promote greater investment flows, and this is an issue that must be addressed for both nations to boost economic ties, said Prime Minister Lee Hsien Loong.
It will be interesting to observe this negotiation - whether Jokowi is able to get his terms.
http://m.todayonline.com/world/asia/economic-ties-strong-despite-jakarta-not-renewing-treaty
