Bank Indonesia said the country’s economic growth could still soar to 5.4 percent despite the ongoing spread of the coronavirus disease 2019 (COVID-19), which is feared to dampen economic activity around the world. The central bank recently cut its economic growth projection for this year to the range of 5 to 5.4 percent from its […]
Read MoreHeadline inflation in Indonesia rose to 2.98 percent in February from 2.68 percent in January, driven by higher prices of garlic and cayenne, among other commodities. “The highest inflation was recorded in the food, beverages and tobacco [category], especially garlic, cayenne and meat,” Statistics Indonesia (BPS) head of statistics distribution and services Yunita Rusanti told […]
Read MoreIndonesia may obtain more sugar from India to gratify domestic needs as local supplies are unlikely to be sufficient to meet demand this year. The Food Resilience Agency (BKP) has proposed to import 130,000 tons of white crystallized sugar to offset a delayed milling period due to severe drought in 2019, agency head Agung Hendriadi […]
Read MoreWeak consumer demand is contributing to a decades-low inflation rate in Indonesia, as the central bank steps up efforts to control inflation rates at the same time, a Bank Indonesia (BI) senior official says. BI senior deputy governor Destry Damayanti said Indonesia’s low inflation rate in 2019, which at 2.72 percent is the lowest in […]
Read MoreJAKARTA: Indonesia’s chief economic minister, Airlangga Hartarto, said on Wednesday the government plans to increase palm oil export levies to support expansion of its palm biodiesel programme. “The increase is currently being calculated, whether it will be a flat increase or progressive,” Hartarto told reporters. Further details on the plan are still being discussed, he […]
Read MoreThe government is set to recruit international influencers to attract foreign tourists to Indonesia in the hopes of reinvigorating the tourism industry, which has been deflated by the deadly coronavirus outbreak. Tourism and Creative Economy Minister Wishnutama Kusubandio said the government, which gave his ministry a budget of Rp 72 billion (US$5.2 million) for promotional […]
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