Gasoline consumption and imports in Indonesia, Asia’s largest importer of the motor fuel, could hit records this year as the nation recovers from COVID-related travel curbs, although growth is expected to slow slightly along with its economy. A spike in Indonesian imports would tighten the regional gasoline market and likely boost Asian refinery margins for […]
Read MoreJAKARTA: Indonesia’s January inflation cooled to its slowest rate in five months, but remained above the central bank target, official data show. The headline annual inflation rate in January was 5.28%, compared to the 5.40% expected by economists polled by Reuters. The rate also eased compared to 5.51% in December and was the lowest since […]
Read MoreUSD/IDR returns to the bear’s table after a four-day absence as it drops to $14,970 while refreshing intraday low during early Wednesday. In doing so, the Rupiah (IDR) ignores downbeat figures of Indonesia’s Inflation while bracing for the Federal Open Market Committee (FOMC) monetary policy meeting. That said, Indonesia Inflation eased in January to 5.28% YoY and […]
Read MoreJAKARTA : Indonesia’s economy likely grew within a range of 5.2 per cent to 5.3 per cent in 2022, and a slight deceleration is expected this year due to slowing global growth, its finance minister Sri Mulyani Indrawati said on Tuesday. Indonesia is due to publish official data for the fourth quarter and full-year 2022 […]
Read MoreJakarta (ANTARA) – Bank Indonesia (BI) has continued to optimize foreign exchange (forex) management to maintain the stability of the rupiah exchange rate and support national economic growth. “We believe that the exchange rate will strengthen and we will continue to maintain it, and, of course, we will continue to optimize the management of foreign […]
Read MoreJAKARTA: Indonesia plans to offer 10 oil and gas working areas this year, including a block in the South China Sea, amid efforts to boost energy production and make new discoveries, a senior energy ministry official said on Monday. In 2022, Indonesia auctioned 13 oil and gas fields and has appointed contractors for six of them. […]
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