ACHIEVING RECIPROCAL TRADE: Today, the Trump Administration finalized a landmark trade agreement with Indonesia that will provide Americans with unprecedented market access and unlock major ...
Bank Indonesia will leave interest rates unchanged on Wednesday, aiming to protect the rupiah from further depreciation amid concerns U.S. President-elect Donald Trump's policies could spur dollar strength, a Reuters poll of economists found.
A bare majority of economists polled by Reuters expect Bank Indonesia (BI) to cut interest rates on Wednesday, while a wider majority expects it will do so by the end of the quarter.
Indonesia's central bank left interest rates unchanged on Wednesday, as expected, saying changed global dynamics after the U.S. election meant it had to focus on stabilising the currency, and analysts saw little chance of a near-term rate cut.
The Indonesian parliament's budget committee on Thursday approved a government's request to raise 2022 energy subsidies and compensation by 349.9 trillion rupiah ($23.75 billion) to keep some energy prices unchanged, its chair Said Abdullah said.
Indonesia's foreign visitor arrivals fell 86.59% on a yearly basis to around 117,000 in February, slowing slightly from a month earlier, as the coronavirus pandemic disrupts global travels, data from the statistics bureau showed on Thursday.
Indonesia expects to begin construction in the second quarter on apartments worth $2.7 billion for thousands of civil servants due to move to its new capital city on Borneo island, an official said late on Tuesday.
Bank Indonesia (BI) will cut its key interest rate at its fourth consecutive meeting on Wednesday, taking it to 4.50%, as policymakers put greater weight on supporting economic growth despite continued weakness in the rupiah, a Reuters poll of economists showed.
Indonesia's central bank said it had agreed on a "burden sharing" arrangement with the government where it will raise the interest rates it pays on government deposits as a way to help the government fund its programmes.
Indonesia's current account deficit narrowed in the third quarter as demand for exports recovered, the central bank said on Tuesday, with most economists expecting the central bank to leave interest rates unchanged this week as external balances improved.
Bank Indonesia (BI) will hold its key interest rate steady on Wednesday to support the rupiah, according to a narrow majority of economists in a Reuters poll, who decisively expected a rate cut on Dec. 18 just a month ago.
Indonesia's senior economic minister said on Friday that the country may impose additional taxes on certain commodities, such as palm oil, if the government needs to reduce the impact on the budget from rising global oil prices.
Bank Indonesia will keep its key interest rate unchanged again on Wednesday to limit further weakness in the rupiah while continuing to press commercial banks to pass on the benefits of earlier rate cuts to borrowers, a Reuters poll of economists showed.
The once-empty barns of the Laras Ati milk cooperative are filled with the recent arrival of more than 200 pregnant spotted Holstein-Friesian cows from Australia under Indonesia's ambitious plan to ratchet up milk production.
An Indonesian government task force has ordered dozens of companies in palm oil cultivation and mining to pay fines totalling 38.62 trillion rupiah ($2.31 billion) for operating illegally in forest areas, an official said on Monday.
Indonesian state firm Pertamina has raised some fuel prices by almost a third in the first increase since the Iran war began, and the finance minister said there would be limited impact on inflation amid investor concerns about government spending.
Indonesia’s e-commerce darling is taking the country’s capital market to new heights citing sources. The deal counts as Indonesia’s largest IPO.
Indonesian police wrongly used tear gas inside a soccer stadium to disperse rioting fans, an internal oversight official said on Tuesday, while the country's soccer federation banned two club officials over the chaos that killed at least 125 people.
Indonesia's state oil firm Pertamina said on Sunday it had extinguished a fire at its refinery in Cilacap, Central Java, and supplies were not impacted.
Indonesia's outgoing government submitted a 2025 budget plan to parliament on Friday targeting a narrower deficit than this year, which analysts said signalled Southeast Asia's largest economy would remain fiscally prudent under its next president.
Indonesia's communications ministry has issued a "stern warning" to Meta Platforms Inc for failing to curb the spread of online gambling and disinformation, the ministry said on Thursday.