Commodities exports are an important part of the Indonesian economy, and the country has been negatively affected by a slump in global prices, with export receipts contracting significantly since 2012. Although much of this is due to weakening demand in China, Europe and the US, the recent introduction of several protectionist policies –...
Authorities have considerably reduced the current account deficit, which fell to historic lows in 2016. Improved fiscal management led to global ratings agency Standard & Poor’s upgrading Indonesia’s sovereign credit rating in May 2017, which should encourage greater capital inflows. Meanwhile, a gradual rise in commodities prices will...
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LE MERIDIEN JAKARTA Jl. Jenderal Sudirman, Kav. 18-20 T: +62 (21) 251 3131 F: +62 (21) 571 1633 reservation.jakarta@lemeridien.com www.lemeridienjakarta.com Rooms: 396 rooms. Business & Conference Facilities: Business centre with 3 meeting rooms, audio-visual equipment rental and coffee break arrangement. Health & Leisure Facilities:...
ETIQUETTE: Indonesians do not like conflict. Friendly, outgoing and peaceful are the norms for interaction. For this reason, saving face and not being caustic are very important for travellers to remember. It is more efficient to deal with any problem with a smile and patience than by raising your...
The provincial capital of South Sulawesi and a key pillar of Indonesia’s development, Makassar is seeing unprecedented growth in its economy, population, infrastructure and influence. An important centre for the fishing and seafood industries for decades, the city and its surrounding area are now also making a name for themselves in the...
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