Indonesia’s presidential hopefuls woo millennials, Muslims as election in focus

By Kanupriya Kapoor JAKARTA, Sept 21 : Indonesian President Joko Widodo launched his re-election campaign on Friday, looking to win over big blocs of millennial and Muslim voters as Southeast Asia’s biggest economy sails into choppy waters. At next year’s election on April 17, the former furniture salesman seeks to repeat his 2014 defeat of […]

A call to the boss: Indonesia contends with aggressive Chinese online lenders

By Fanny Potkin, Shu Zhang and Tabita Diela JAKARTA/BEIJING Sep 21 : Indonesian authorities have generally opened their arms to fintech companies offering online loans in Southeast Asia’s biggest economy, viewing them as a way of getting credit to tens of millions of people often unable to access bank lending. But the arrival of a […]

Indonesia aims to coax, not compel, exporters to convert dollar revenue ?finmin

By Maikel Jefriando and Bernadette Christina Munthe JAKARTA, Sep 20 : Indonesia’s finance minister said the government aims to “persuade” exporters to keep earnings onshore and convert them into rupiah, rather than make this mandatory, amid confusion over a plan floated this week to support the ailing currency. On Tuesday, Trade Minister Enggartiasto Lukita had […]

Indonesia warns speculators of “firm action” as rupiah hits 20-year low

By Maikel Jefriando and Tabita Diela JAKARTA, Sept 4 : Indonesia’s government said on Tuesday that authorities will take firm action against currency speculators, and announced plans to delay import-heavy energy projects, as the rupiah hit its weakest levels since the Asian financial crisis in 1998. Finance Minister Sri Mulyani Indrawati didn’t say what sanctions […]