• World Bank Releases December Edition Indonesia Economic Quarterly

    World Bank Releases December Edition Indonesia Economic Quarterly

    The World Bank released the December 2017 edition of its flagship publication "Indonesia Economic Quarterly" on Thursday (14/12). This latest edition, which is titled "Decentralization that delivers", paints a positive picture about Indonesia's economic growth and financial system stability for the year 2018 and beyond.

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  • Constitutional Court Indonesia Allows Marriage Between Colleagues

    Constitutional Court Indonesia Allows Marriage Between Colleagues

    It was common in numerous Indonesian companies and sectors to discourage colleagues or coworkers in one company to marry each other. Usually, when Indonesians sign a contract to start a new job at a company, one of the requirements that is set in the contract is that employees are prohibited from marrying a colleague (in the same company). In case two colleagues would fall in love and decide to marry, then one of them would have to leave their job at the company.

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  • Bank Indonesia Keeps Key Interest Rate at 4.25% in December 2017

    Bank Indonesia Keeps Key Interest Rate at 4.25% in December 2017

    Bank Indonesia, the central bank of Indonesia, left its benchmark interest unchanged at the final (regular) policy meeting of 2017. The BI 7-day Reverse Repo Rate was kept at 4.25 percent on Thursday (14/12). Meanwhile, the deposit facility and lending facility were kept at 3.50 percent and 5.00 percent, respectively (effective per 15 December 2017).

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  • By 2019, 4G Network Available in All Indonesian Cities & Districts

    By 2019, 4G Network Available in All Indonesian Cities & Districts

    Rudiantara, Indonesian Minister of Communication and Information, targets to see the availability of 4G networks across all Indonesian cities and districts by the year 2019. That year the government's Palapa Ring project is planned to be completed. This project, involving an undersea fiber-optic cable network that stretches across 13,000 km and an onshore network of nearly 22,000 km, will provide fast broadband Internet to Indonesians in the urban and rural areas.

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