JAKARTA (Reuters) – Indonesia needs to keep stimulus in place longer to underpin a recovery in its pandemic-hit economy, a former finance minister and analysts said, ahead of what some expect to be the central bank’s last interest rate cut of the current cycle. Southeast Asia’s biggest economy posted its first full-year contraction since 1998 […]
Read MoreHONG KONG (BLOOMBERG) – A macro hedge fund spun out of Millennium Management is building bullish positions in the Indonesian rupiah and Singapore dollar, betting that measures adopted by the two countries could boost their currencies. The Indonesian currency may appreciate as much as 4 per cent this year, bolstered by its drive to become a […]
Read MoreThe Greater Jakarta residential property market has remained strong amid the economic downturn of the Covid-19 health crisis, while the retail property market took a hard hit from repeated extensions and frequent changes to the government’s restrictive policies, says property consultancy Jones Lang LaSalle (JLL). JLL said at a virtual press briefing on February 10 […]
Read MoreJAKARTA: Indonesia’s central bank is seen trimming its benchmark rate for the first time this year on Thursday, on top of the five rate cuts it has delivered since the start of the coronavirus pandemic, according to a majority of analysts in a Reuters poll. Bank Indonesia (BI) will cut the 7-day reverse repurchase rate […]
Read MorePETALING JAYA: The travel bubble between Malaysia and Indonesia would not have significant impact on the aviation sector as strict travel conditions may limit passenger traffic. It was reported that Malaysia has been given the green light by Indonesia over a Reciprocal Green Lane/Travel Corridor Arrangement (RGL/TCA) travel bubble between both nations. A bank-backed research […]
Read MoreIndonesian small businesses, which have shown resilience during previous economic downturns, have borne the brunt of the impact of the Covid-19 pandemic and are now looking for ways to revive their fortunes. The majority of micro, small and medium enterprises (MSMEs) have experienced a steep decline in profit margins despite a significant shift to online […]
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Thailand
