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JAKARTA -(Dow Jones)- Indonesia will this year extend $2.52 billion in trade financing to local exporters to support trade, Finance Minister Sri Mulyani Indrawati told reporters Tuesday.The government has also approved a capital reserve of IDR6 trillion for its newly-created trade financing agency,...

The government has officially launched the Indonesia Eximbank, an agency to help finance exports, particularly by micro-, small- and medium-sized enterprises (MSMEs).Indonesia Eximbank will boost the number of exporters, which have difficulty securing financing from other financial institutions,...

A Sumenep legislative council member confirmed reports that two islands off Madura had been sold to a businessman who intends to develop them into resorts.Councilor Badrul Aini said Tuesday that businessman Zainal Seniya bought the islands and had leased them to Canadian and Singaporean investors.

TEMPO Interactive, Semarang: Central Java Governor, Bibit Waluyo, has said that arrangement for private sectors to obtain permission to manage small islands in Central Java will be tightened up.Bibit also assured that no islands in the Karimunjawa Islands, Jepara, were being sold to foreign...