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Indonesian draft law seeks to limit central bank autonomy

JAKARTA: Indonesia is pursuing another attempt at increasing government influence in the decision-making and operations of its central bank, as well as expanding its ability to fund public debt, according to a draft legislation to be discussed in parliament. A proposed omnibus financial sector reform bill would require Bank Indonesia to take into account the […]

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Thailand and Indonesia to ink rice MoU

The government looks set to sign a memorandum of understanding (MoU) to sell as much as one million tonnes of rice a year in a government-to-government (G2G) deal with Indonesia late this month. According to Commerce Minister Jurin Laksanawisit, the MoU signing will be organised in the final week of March, covering no more than […]

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Incomes shrink for 75% of Indonesian homes

JAKARTA: Three out of four Indonesian households experienced an income reduction last year as breadwinners either lost jobs, switched to informal jobs or closed businesses during the pandemic while government assistance for small businesses remained limited, a recent survey has found. The majority of the affected households were located in urban areas and had school-aged […]

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Indonesia’s factory activity slows in February

JAKARTA (The Jakarta Post/ANN): Indonesia’s manufacturing growth slowed down in February after hitting a six-year high the previous month as flooding and the Covid-19 pandemic disrupted the sector. The country’s Purchasing Managers’ Index (PMI) dropped to 50.9 in February from 52.2 in the previous month, business information provider IHS Markit reported on Monday (March 1). […]

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Indonesia: Inflation moderates in JanuaryInflation eases in February

Consumer prices rose a seasonally-adjusted 0.10% over the previous month in February, decelerating from January’s 0.26% increase. February’s result was driven largely by higher prices for transportation, health and household equipment. Inflation moderated to 1.4% in February, from January’s 1.6%. February’s result therefore moved further below Bank Indonesia’s 2.0%–4.0% target range. Meanwhile, the trend pointed […]

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