Govt Offers More Incentives to Build EV Factories
Speaking at the Indonesia International Motor Show 2024 in Jakarta on Thursday (15/2/24,) Indonesia’s Industry Minister, Agus Gumiwang Kartasasmita, said that the government has prepared incentives for business players seeking to invest their capital to build electric vehicle (EV) factories in Indonesia, according to reporting from Antara News. Kartasasmita said that Indonesia is currently home
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Foreign Debt Increased in Q4/ 2023
According to reporting from Jakarta Globe, Indonesia’s foreign debt (ULN) hit USD 407.1-billion (approx. IDR 6,364-trillion) in Q4/ 2023, marking a 2.7-percent increase compared to the same in the previous year. According to Bank Indonesia (BI), the increase is down to public sector transactions funded by foreign debt. Additionally, the increase in the foreign debt
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