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Foreign Visitors to Indonesia Drops for Seven Straight Months

JAKARTA (TheInsiderStories) - The number of foreign tourist visits to Indonesia dropped significantly in seven consecutive months, after the vicious virus hit the country. The head...

Manufacturing Export Contribution Exceeds 79% in 1H of 2020

JAKARTA (TheInsiderStories) - During the first semester (1H) of 2020, total export values of the manufacturing products recorded US$60.76 billion or 79.52 percent of the total...

Indonesia Explores Trade-off Scheme to Trading Partners

JAKARTA (TheInsiderStories) - Indonesia' trade and defense ministry are exploring the mechanism of trade-off with several trading partners to boost the export values, said the...

Indonesia will Open for China, South Korea, Japan, Australia Tourists

JAKARTA (TheInsiderStories) - Indonesia considered to open the country for travelers from China, South Korea, Japan and Australia to recover the economy, said government official on...

Thohir Encourages SOEs to Issue Global Bonds

JAKARTA (TheInsiderStories) - Minister of State Own Enterprises (SOEs), Erick Thohir, urged a number of largest state firms to issue global bonds in order to...

Indonesia Eyes Forex Revenues from Tourism US$928M

JAKARTA (TheInsiderStories) - Tourism and creative economy ministry targets to attract foreign exchange (forex) revenues Rp13 trillion (US$928.57 million) from foreign tourists in 2020, said...

Indonesia Imposes Sanctions for Un-report Forex Use

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) improves policy regarding foreign exchange (forex) flow. In the new policy, bank and customers who do not report...

Indonesia Hikes Import Value Tax to Reduce CAD

JAKARTA (TheInsiderStories) - The Indonesian government decided to raised the value tax of Article 22 for 1,147 imported commodities to 7.5 percent to 10...