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The race to invest in Indonesia

Indonesia is seeking to spur much-needed investment in infrastructure projects to revive its pandemic-battered economy with the launch of a sovereign wealth fund. The government got the ball rolling last week with a pledge to inject up to US$5.3 billion in initial capital between now and the end of the year. Some of the priority […]

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Indonesia cuts interest rate as recovery stalls

JAKARTA: Indonesia’s central bank cut its benchmark interest rate to a record low and downgraded its growth outlook amid fears that a resurgence in Covid-19 cases is slowing its economic recovery. Bank Indonesia yesterday slashed the seven-day reverse repurchase rate by 25 basis points to 3.5%, the lowest level since the rate was introduced in […]

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