ADB Approves US$ 500 Million Loan for Indonesia's Energy …
WEB2 days 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 …
GLOBAL MARKETS-Asia Stocks Hold Steady as More Rate Cuts Loom
WEB2 hours ago · Asian stocks were steady on Monday ahead of central bank meetings that are widely expected to deliver two more rate cuts and key U.S. inflation figures that should flash a green light for more easing there. A holiday in Japan made for thin trading and MSCI's broadest index of Asia-Pacific shares outside Japan was little changed, after bouncing ...
Indonesia's Tax Agency Probes Alleged Personal Data Breach
WEB3 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's Central Bank Delivers Surprise Rate Cut
WEB4 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 …
Indonesia Parliamentary Body Approves Higher Spending for …
WEB5 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 ($236.2 billion), versus an estimate …
Indonesia's Trade Surplus Beat Forecast in August
WEB5 days ago · TRADE BALANCE - JAKARTA. Indonesia booked a bigger-than-expected trade surplus in August as exports and imports beat forecasts, official data showed on Tuesday. The country reported a surplus of US$ 2.89 billion last month, compared with US$ 1.96 billion expected in a Reuters poll.
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 ...
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 Q1 GDP Growth Beats Expectation at 5.03% Year on Year
WEBMay 5, 2023 · Gross domestic product (GDP) expanded 5.03% in the first three months from a year earlier, quicker than the median forecast of 4.95% in a Reuters poll and slightly above the 5.01% growth in the fourth quarter. Indonesia's post-pandemic recovery has been helped by a commodities-led export boom, though analysts expect …
Indonesia Increases Investment by IDR1.9 Trillion to Three ...
WEBJan 9, 2024 · Through PMK 161/2023, Sri Mulyani stated that the investment increase in these three IFIs comes from the 2024 State Budget. This policy was also issued to implement the provisions of Article 32 paragraph (3) of Law Number 19 of 2023 concerning the 2024 Fiscal Year State Budget.
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