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Bank Indonesia (BI) expects the rupiah to continue strengthening — even after the currency meets pre-COVID-19 levels — as foreign investors return in expectation of a global economic recovery. The rupiah rebounded by almost 15 percent since the end of March to reach 13,877 per US dollar on Friday, Bloomberg
Indonesian state-owned oil and gas company Pertamina has signed a memorandum of understanding (MoU) with construction firm PT Nindya Karya and DH Global Holdings of South Korea to co-operate on a US$1.5 billion refinery upgrade development in Dumai, a city located in Indonesia’s Riau province, according to published reports. The
LG Electronics Inc. said Wednesday it will relocate two of its TV production lines in South Korea to Indonesia in a move to boost its global production efficiency amid the novel coronavirus pandemic. LG said two of the six production lines at its TV plant in Gumi, some 260 kilometers
Indonesia’s Investment Coordinating Board (Badan Koordinasi Penamanan Modal – BKPM) issued Regulation 1 of 2020 (BKPM Reg 1/2020) on April 1, 2020, which provides the guidelines for the implementation of its integrated electronic business licensing service, the Online Single Submission (OSS). BKPM Reg 1/2020 serves to implement Government Regulation No.24 of 2018, which mandates the BKPM
Jakarta, 20th April 2020 – Indonesia Investment Coordinating Board (BKPM) announces the first quarter (January-March) of investment realization data in 2020 reached Rp 210.7 trillion or equivalent to 8.0% increase compared to the same period in 2019, Rp 195.1 trillion. This significant value was triggered by Domestic Direct Investment (DDI)
In parallel to the State Visit of Their Majesties the King and the Queen, a successful Netherlands Economic Mission was held from 9 to 13 March in Jakarta and Surabaya. The Economic Mission was led by four Dutch Ministers and Vice Ministers, with 112 participating Dutch companies, organizations, and knowledge