Indonesia's Central Bank Delivers Surprise Rate Cut
WEB3 days ago · BI RATE - JAKARTA. Indonesia's central bank delivered its first rate cut in more than three years on Wednesday, opting to move hours ahead of the widely expected start of the U.S. Federal Reserve's easing cycle in a bid to bolster growth in Southeast Asia's largest economy. Bank Indonesia (BI) unexpectedly trimmed …
ADB Approves US$ 500 Million Loan for Indonesia's Energy …
WEB1 day ago · The Asian Development Bank (ADB) said on Friday it has approved a $500 million policy-based loan to Indonesia to fund a program designed to help its energy transition efforts. Resource-rich Indonesia, which is aiming for net-zero carbon emissions by 2060, has been trying to reduce the use of coal with …
Indonesia's Trade Surplus Beat Forecast in August
WEB4 days ago · TRADE BALANCE - JAKARTA. Indonesia booked a bigger-than-expected trade surplus in August as exports and imports beat forecasts, official data showed on Tuesday. The country reported a surplus of US$ 2.89 billion last month, compared with US$ 1.96 billion expected in a Reuters poll.
Indonesia's Tax Agency Probes Alleged Personal Data Breach
WEB2 days ago · CYBER CRIME - JAKARTA. Indonesia's tax agency is investigating an alleged data breach that exposed the taxpayer identification numbers of millions of Indonesians, including President Joko "Jokowi" Widodo, his ministers and his two sons, an official said. A series of cyber-attacks have hit Indonesian companies and government agencies in …
Indonesia Parliamentary Body Approves Higher Spending for …
WEB4 days ago · Indonesia's key parliamentary budget committee approved on Tuesday increased spending for the incoming government of President-elect Prabowo Subianto, who is set to take office next month. The committee approved a 6% rise in spending to 3,621.31 trillion rupiah ($236.2 billion), versus an estimate …
Indonesian Foreign Exchange Reserves Expected to Strengthen in …
WEBAug 22, 2024 · Indonesia's foreign exchange reserves are projected to strengthen in August 2024, driven by the strengthening of the rupiah exchange rate and a current account deficit (CAD) that remains within the Bank of Indonesia's (BI) target range. The rupiah exchange rate is currently on a strengthening trend and comfortably sits below Rp 16,000 per US ...
Indonesian Leader Spends Final Weeks of His Term in Unfinished …
WEBSep 12, 2024 · Indonesian President Joko Widodo will from Thursday spend the final weeks of his term in the country's planned new capital, Nusantara, amid doubts about the continued pace of development of his flagship $32 billion megaproject. The massive infrastructure undertaking on the island of Borneo has suffered a …
Indonesia Raises US$ 2.6 Billion in Dual-Currency Bonds
WEBSep 4, 2024 · Indonesia has raised US$ 2.63 billion in 8-, 10-, and 30-year bonds denominated in the dollar and the euro, the finance ministry said on Wednesday. Of the total raised, US$ 1.8 billion was in 10- and 30-year dollar bonds, while the remaining 750 million euro (US$ 829.35 million) was in 8-year bonds and issued under sustainable development goals ...
Indonesia Central Bank Keeps Rates Steady, Focuses on Stabilizing …
WEBAug 21, 2024 · Indonesia's central bank on Wednesday held interest rates steady, as expected, preferring to focus on stabilizing the rupiah before possibly easing rates later this year. Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate at 6.25%, where it has been since April, as expected by all 30 economists polled by Reuters.
Indonesia Launches Golden Visa to Lure Foreign Investors, Boost …
WEBJul 25, 2024 · ANTARA FOTO/Erlangga Bregas Prakoso/rwa. VISA - JAKARTA. Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to $10 million giving them a 10-year visa and access to Southeast Asia's largest economy. The five-year "Golden Visa" requires individual investors ...
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