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Indonesia: Indef Project 0.3 Percent Inflation after Nonsubsidized Fuel Hike

TEMPO.CO, Jakarta – Economic observer from the Institute for Development of Economics and Finance (Indef) said that a price hike for non subsidized fuels will push up February’s inflation by 0.25 to 0.3 percent, month-on-month. “(A fuel hike) will automatically push up administered prices, and the effect will also reach transportation (costs) as a component of inflation,” […]

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Indonesia: Rupiah Drops to Trade for 13,791/USD

TEMPO.CO, Jakarta – The Jakarta inter-bank spot dollar rate (JISBOR) showed the rupiahweakening by 35 bps to trade for 13,791 per US dollar on Thursday morning. Binaartha Sekuritas analyst Reza Priyambada said here today that the US dollar is gaining power against most Asian currencies–including the rupiah–following The Fed’s hawkish stance. “The market responds to Fed’s ‘hawkish’ statement […]

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Indonesia: Regulation on Jakarta Minimarket Gained Supports

TEMPO.CO, Jakarta – Jakarta Research and Public Policy (JRPP) supported Jakarta Government to affirm the regulation of illegal minimarket in Jakarta. JRPP executive director Muhamad Alipudin said unregistered minimarket inflicts financial lose to Jakarta government on potential tax. “We support Jakarta government to regulate all minimarkets in order,” said Alipudin, Thursday, February 28. Based on the Regional Regulation (Perda), No. […]

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Philippines needs to boost exports — HSBC

MANILA, Philippines — The Philippines is no longer the “sick man” of Asia having experienced rapid economic growth over the past six years, but the country needs to boost the competitiveness of the export sector, according to British banking giant HSBC. In a research note, HSBC economist Noelan Arbis said the Philippines has outperformed its […]

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Indonesia makes push to reopen automotive exports to Vietnam

The Indonesian government is planning to inform Vietnam about a change in the vehicle type approval (VTA) certificate in an effort to reopen Indonesian automotive exports to the country. “With the VTA adjustment, Indonesian automotive exports are expected to return to the country,” Trade Ministry international trade director general Oke Nuwan said in a statement […]

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