[JAKARTA] Indonesia’s currency has been in a freefall, even defying the central bank’s intense market intervention. The decline may now gather further pace as demand for US dollars climb from companies set to repatriate dividends. With the foreign investors adopting a flight-to-quality approach, even the high real returns on Indonesian sovereign bonds won’t be enough to […]
Read MoreMajor business players are split over the idea of a lockdown to slow the spread of the highly contagious coronavirus disease (COVID-19). However, they seem to support President Joko “Jokowi” Widodo’s push to limit face-to-face interactions by having people work, study and worship from home. Indonesian Chamber of Commerce and Industry (Kadin) chairman Rosan Roeslani said Tuesday […]
Read MoreIndonesia’s foreign debt rose in January due to an increase in the government’s net borrowing, mainly through the issuance of government debt papers (SBNs). According to data released by Bank Indonesia on Monday, the country’s foreign debt, which includes borrowing by both the government and the private sector, was up 7.5 percent year-on-year (yoy) at […]
Read MoreThe rupiah inched closer to the Rp 15,000 psychological mark against the US dollar on Monday, as fears over the COVID-19 pandemic prompted investors to dump risky assets amid a global market rout. The rupiah depreciated 1.05 percent to 14,932 against the greenback as of 3:59 p.m. Jakarta time, Bloomberg data shows. According to Bank […]
Read MoreJAKARTA: Indonesia posted a larger-than-expected trade surplus in February with exports surging and imports contracting amid disruptions in global supply chains due to the coronavirus outbreak, data from the statistics bureau showed. Southeast Asia’s largest economy had a $2.34 billion surplus in February, compared with the $90 million surplus expected in a Reuters poll. The […]
Read MoreThe number of Indonesia’s ultra rich is expected to jump by 57 percent to 1,060 individuals over the next four years, the second highest increase in Southeast Asia, according to a recent report. The growth of the country’s ultra-high-net-worth individuals (UHNWIs), or those with a net worth of more than US$30 million, is projected to be the fifth-highest […]
Read More
Thailand
