JAKARTA (The Jakarta Post/ANN): Publicly listed Bank Permata is set to join the BUKU IV category after its integration with the Indonesian branch of its new parent company, the Thailand-based Bangkok Bank. The integration qualifies Bank Permata to become a BUKU IV bank – one with core capital of more than Rp 30 trillion (US$2.1 […]
Read MoreThe Bank of Thailand and Bank Indonesia on Monday announced the expansion of the rupiah-baht settlement framework. The framework was first launched on December 11, 2017 under a memorandum of understanding signed by the two central banks on December 23. The expansion is a part of continuous efforts to promote wider use of local currencies […]
Read More[JAKARTA] Indonesia’s central bank kept its key interest rates unchanged on Thursday, as expected, holding fire after providing five rounds of rate cuts to support the pandemic-hit economy this year. Bank Indonesia (BI) held the 7-day reverse repurchase rate at 3.75 per cent, the lowest since BI began using the instrument as its benchmark in […]
Read MoreCredit ratings agency Moody’s Investors Service has warned that Indonesia’s credit rating could be downgraded next year if there is a prolonged economic slowdown, a weakening policy framework or a deteriorating external position. “The trigger for a [potential] ratings downgrade is coming from long-term stagnation in growth that could last beyond 2020 and 2021,” said […]
Read MoreIndonesia’s foreign debt rose to US$413.4 billion in October driven by higher borrowings by the private sector and the government, Bank Indonesia (BI) announced Tuesday. Indonesia’s external debt, which includes government and private-sector borrowings, increased 3.3 percent year-on-year (yoy) in October, lower than 3.8 percent yoy growth recorded a month prior, as the government paid […]
Read MoreJAKARTA/SINGAPORE (Reuters): Indonesian motorbike driver unions for ride-hailing and food delivery firms Grab and Gojek say they will kick off protests across the country if merger talks between the firms proceed without them, fearing it could result in mass job losses. “We are concerned that a merger will result in the termination of drivers,” said […]
Read More
Thailand
