President Inaugurates Makassar New Port
President Jokowi officially inaugurated the Makassar New Port, the largest port serving the eastern region of Indonesia, in the city of Makassar, South Sulawesi, on Thursday (22/2/24,) according to reporting from Jakarta Globe. “Makassar New Port is the second-largest after Tanjung Priok. With a depth of 16-meters, it is also one of the deepest ports, very suitable
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Moving to Bali
Hello All, Nice to be part of the forum. My wife (American) and I (Canadian) have visited Bali many times and love it. We are now planning on buying or leasing a villa in the Ubud area, applying for a Kitas retirement visas, and spending 4-6 months of the year there. Wondering if anyone […]
BI Maintains Benchmark Interest Rate at 6-Percent
According to reporting from Jakarta Globe, Bank Indonesia (BI,) during its Board of Governors Meeting from February 20 to 21, has decided to keep the benchmark interest rate at 6-percent, maintaining the rate since October. Meanwhile, the deposit facility interest rate remains at 5.25-percent, and the lending facility interest rate stays at 6.75-percent. BI Governor,
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VinFast Plans to Build EV Factory
According to reporting from Antara News and Tempo, Indonesia’s Industry Minister, Agus Gumiwang Kartasasmita, has announced that Vietnamese electric vehicle manufacturer VinFast is planning to set up a factory in Indonesia, with construction planned for this year. “They will invest as soon as they have land. We are currently discussing several potential industrial areas with
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