Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto said on April 26 that India is now the world’s largest biodiesel producer with a daily output of 137,000 barrels, much higher than the US with 112,000 barrels, Brazil 99,000 barrels and Germany 62,000 barrels. Jakarta (VNA) – Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto said on April […]
Read MoreIndonesia’s Commodity Futures Trade Regulatory Agency (Bappebti) is considering a plan to tax cryptocurrency transactions amid rising public interest in the digital asset, especially in the past year. According to the agency, which falls under the trade ministry, the government is expected to impose a type of final income tax (PPh Final) on transactions using […]
Read MoreJAKARTA: Foreign direct investment (FDI) into Indonesia rose 14% in rupiah terms in the first three months of 2021 on the year, data from investment board BKPM showed on Monday. FDI stood at 111.7 trillion rupiah ($7.72 billion) for the period from January to March, it added. Including domestic investment, total direct investment in the […]
Read MoreJakarta. Indonesian central bank’s latest decision to keep its benchmark interest rate may indicate that it has no further room to lower its interest rate this year as higher global yields growing higher and weaker rupiah limit its options, shifting the crux to the local banks lower to their lending interest rates to support the economy. Bank Indonesia, the […]
Read More(Bloomberg) — Indonesia’s central bank left its benchmark interest rate unchanged, and cut its outlook for economic growth, as it seeks to support an uneven recovery as foreign outflows pressure the country’s currency. Bank Indonesia kept the seven-day reverse repurchase rate at a record low of 3.5% on Tuesday, as expected by all 35 economists […]
Read More(Bloomberg) — Bank Indonesia is expected to keep its benchmark interest rate unchanged for a second straight month as volatility in global financial markets continues to weigh on the nation’s currency. All 35 economists surveyed by Bloomberg say Bank Indonesia will keep its seven-day reverse repurchase rate at a record low of 3.5% on Tuesday. […]
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