SINGAPORE (ICIS)–Indonesia’s central bank on Thursday kept its benchmark interest rate at 3.5%, in support of the rupiah (Rp). “This decision is in line with the need to maintain the stability of the Rupiah exchange rate against increasing uncertainty on global financial markets, amidst the forecast for inflation that remains low,” Bank Indonesia said. The […]
Read MoreJAKARTA: Indonesia has recorded its first annual import growth since July 2019, indicating a sign of recovery in factory activity and manufacturing investment, following last year’s economic downturn due to the Covid-19 pandemic. Statistics Indonesia (BPS) reported the value of Indonesia’s imports was up 14.86% year-on-year (y-o-y) to US$13.26bil in February, ending the trend of […]
Read MoreJAKARTA (XINHUA) – Indonesia’s exports in February were estimated at USD15.27 billion, up 8.56 per cent from a year earlier while down 0.19 per cent from January, the country’s central agency of statistics BPS said yesterday. “Since November 2020 our exports have always grown positively on an annual basis. This is an exciting development,” the […]
Read MoreIndonesia, a top supplier of a key battery metal, will aim to boost sales of electric vehicles with a new regulation that will cut tax breaks for hybrid cars. Battery-powered electric vehicles will retain their 0% luxury tax rate, while plug-in hybrid vehicles will see their tariff increase to 5% from 0%, according to a […]
Read MoreMore than 9,000 private companies in Indonesia are gearing up to inoculate their employees and their family members in a bid to revive productivity that has been severely curtailed by the Covid-19 pandemic. The move follows government approval to allow them to purchase vaccines from a state-sanctioned importer as long as they provide the jabs […]
Read More[JAKARTA] Indonesia’s trade surplus widened slightly in February, with exports continuing to rise while imports grew for the first time since June 2019 due to low base effect, data from the country’s statistics bureau showed on Monday. February’s surplus was US$2.01 billion, compared with a US$2.21 billion surplus expected in a Reuters poll and a […]
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