ADB Approves US$ 500 Million Loan for Indonesia's Energy …
WEB3 days ago · The Asian Development Bank (ADB) said on Friday it has approved a $500 million policy-based loan to Indonesia to fund a program designed to help its energy transition efforts. Resource-rich Indonesia, which is aiming for net-zero carbon emissions by 2060, has been trying to reduce the use of coal with …
GLOBAL MARKETS-Stocks Inch Higher, Euro Dips; Focus on Fed …
WEB7 hours ago · Global stock indexes edged higher on Monday as investors digested comments from Federal Reserve policymakers while the euro fell against the dollar as business activity readings of the euro zone economy disappointed. U.S. Treasury yields rose as bond investors continued to price out near-term recession in …
Indonesia's Central Bank Delivers Surprise Rate Cut
WEB5 days ago · BI RATE - JAKARTA. Indonesia's central bank delivered its first rate cut in more than three years on Wednesday, opting to move hours ahead of the widely expected start of the U.S. Federal Reserve's easing cycle in a bid to bolster growth in Southeast Asia's largest economy. Bank Indonesia (BI) unexpectedly trimmed …
Indonesia's Trade Surplus Beat Forecast in August
WEB6 days ago · TRADE BALANCE - JAKARTA. Indonesia booked a bigger-than-expected trade surplus in August as exports and imports beat forecasts, official data showed on Tuesday. The country reported a surplus of US$ 2.89 billion last month, compared with US$ 1.96 billion expected in a Reuters poll.
Indonesia Parliamentary Body Approves Higher Spending for …
WEB6 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 …
Finance Minister Sri Mulyani Happy Indonesian Economy Remains …
WEBMay 6, 2024 · Finance Minister Sri Mulyani said that despite global uncertainties, Indonesia's economy continues to show its resilience, as evidenced by the growth achieved in the first quarter of 2024. The quality of growth has also significantly improved, reflected in the high job creation rate, which has managed to …
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's December Inflation Eases More Than Expected
WEBJan 2, 2024 · The central bank's inflation target for 2023 was 2% to 4%, while its 2024 target is 1.5% to 3.5%. The core inflation rate, which strips out government-controlled prices and volatile food prices, also eased more than expected in December to 1.80%, the lowest level since December 2021, and compared with 1.85% predicted in the poll.
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 …
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