JAKARTA: Indonesia’s central bank is expected to keep its key interest rate unchanged at the year’s final policy meeting on Thursday, having cut five times and launched massive quantitative easing (QE) to fight the impact of the pandemic, a Reuters poll showed. Eighteen of 22 analysts in a Reuters poll forecast Bank Indonesia (BI) will […]
Read MoreRetail sales in Indonesia dropped significantly in October and are expected to drop further in November in another sign that the nation’s economic recovery is losing steam as people’s purchasing power remains sluggish as a result of the coronavirus pandemic. According to a survey published by Bank Indonesia (BI) on Thursday, retail sales dropped 14.9 […]
Read MoreChinese e-commerce giant Alibaba.com is targeting to onboard 5,000 Indonesian merchants to its platform by 2025, a five-fold increase from its current roster of Indonesian merchants. The new merchants will also be able to sell their goods to the marketplace’s more than 14 million active customers in more than 190 countries. For the Indonesian market, […]
Read MoreThe Indonesian government on December 4 released a shipment of exports worth $1.64 billion by 133 large and small businesses to seek alternative markets and to revive Indonesian trade, which has slowed during the Covid-19 crisis. While 79 large businesses accounted for the overwhelming majority of the exports, 54 small and medium-sized enterprises (SMEs) contributed […]
Read MoreJAKARTA, Dec. 8 (Xinhua) — A survey conducted by the Indonesian central bank in November showed that the country’s consumer confidence in the current economic condition is better than that in the previous year. “The Consumer Confidence Index in November 2020 showed that the consumer confidence was recorded at 92.0, an increase compared to 79.0 […]
Read MoreBank Indonesia (BI) is urging commercial banks to cut lending rates and accelerate credit disbursements to lift the economy out of recession as loan channeling shrank for the first time in at least two decades due to weak demand and the banks’ risk aversion. BI Assistant Governor Aida S. Budiman said on Monday that banks […]
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