The Indonesian Government is committed to promoting inclusive and sustainable growth not only in the country, but also in the Indo-Pacific and ASEAN regions, according to Coordinating Minister for Economic Affairs Airlangga Hartarto. Jakarta (VNA) – The Indonesian Government is committed to promoting inclusive and sustainable growth not only in the country, but also in the Indo-Pacific […]
Read MoreINDONESIA’S plan to channel crude palm oil (CPO) exports via a futures exchange would improve policymaking in the top producer and avoid a need for the type of export ban that sent shockwaves through global markets last year, its chief regulator said. Authorities aim to require all CPO exports to go through a futures exchange […]
Read More(Bloomberg) — Indonesia’s central bank will likely extend its pause on borrowing costs in the wake of global market volatility following a banking turmoil in the US and signs of stubborn inflation there. Twenty-six of 28 economists in a Bloomberg survey expect Bank Indonesia to keep its seven-day reverse repurchase rate at 5.75% on Thursday, […]
Read MoreJAKARTA: Indonesia reported a larger-than-forecast trade balance in February at US$5.48 billion, boosted by an unexpected drop in imports, data from the country’s statistics bureau showed on Wednesday (Mar 15). Analysts polled by Reuters had expected a US$3.27 billion trade surplus. Exports in February rose 4.51 per cent annually to US$21.40 billion, slightly lower than […]
Read MoreThe USD/IDR exchange rate was unchanged on Wednesday morning after the relatively disappointing Indonesian trade numbers. The USD to rupiah pair was trading at 15,370, which was a few points below this week’s high of 15,474. Indonesia’s trade surplus widens The most important catalyst for the USD/IDR price was the latest US inflation numbers, which we wrote […]
Read MoreJAKARTA : Indonesia’s trade surplus likely fell further last month to $3.27 billion as imports rose ahead of the Muslim fasting month of Ramadan, when consumption typically peaks, a Reuters poll showed on Tuesday. Southeast Asia’s largest economy has been recording trade surpluses every month since May 2020, but they have narrowed in in recent […]
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