Grab Indonesia invests in Indonesian Fintech app, LinkAja
LinkAja, one of Indonesia’s leading fintech apps, today announced a strategic investment from Grab, Southeast Asia’s top super app. Grab is leading the Series B...
Monday.com and EDII sign partner to bring remote work solutions to Indonesia
monday.com (Monday) and PT Electronic Data Interchange Indonesia (EDII) announced a partnership to help organisations transition to remote work seamlessly. Firstly, Monday is the leading...
Indonesia’s Trade Surplus Continues to Expand
By component, the non-oil and gas trade balance recorded a USD3.52 billion surplus in July 2020, up from USD1.36 billion the month earlier. The increase was explained by a surge of non-oil and gas exports coupled with declining non-oil and gas imports in line with compressed domestic demand. The export gains were primarily driven by precious metals, jewellery/gems, animal and vegetable fats and oils, motor vehicles and parts, as well as iron and steel. On the other hand, consumer goods and raw materials were the main drag on non-oil and gas imports despite an uptick recorded in terms of capital goods imports in line with stronger exports. The oil and gas trade deficit persisted in the reporting period at USD0.25 billion as imports of crude oil and refined products increased.
Indonesia rejects Chinese request for military base
The conversation occurred during a meeting between the two top defense officials in Jakarta on Sept. 8, according to a report by Indonesian publication Kompas. Indonesia occupies a strategic location on the southern edge of the South China Sea and on the main sea route between China and the Indian Ocean, the Middle East, Europe and Africa.