Page 4 – ASEAN Economic Community Strategy Center

Indonesia: Sales purchase agreements hamper efforts to reduce oil import: Official

Sales purchase agreements between domestic oil contractors and foreign firms may hamper the government’s effort to reduce oil import by requiring state-owned oil and gas holding Pertamina to buy all oil lifting produced by the contractors, an official says. Previously, President Joko “Jokowi” Widodo told Pertamina to buy all oil lifting, the colloquial term for […]

Bank Indonesia raises key rate by 25 bps to 5.5 percent

Bank Indonesia (BI) raised its key rate on Wednesday in a move to maintain the competitiveness of the domestic financial market and to rein in swelling deficit in the current account. Following a two-day board of governors meeting, the central bank raised its seven-day reverse repo rate by 25 basis points (bps) to 5.5 percent. […]

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Indonesia: Sales purchase agreements hamper efforts to reduce oil import: Official

Bank Indonesia raises key rate by 25 bps to 5.5 percent