AFP – Indonesia’s economy grew more slowly than expected last year, official data showed yesterday, and officials warned the country’s lucrative tourism sector faced a negative impact from a drop in Chinese tourists owing to the deadly coronavirus. Southeast Asia’s biggest economy expanded 5.02 percent, down from the 5.17 percent the previous year, owing to weakness […]
Read MoreIndonesia’s economy grew 5.02 percent annually in 2019 because of weakening investments and exports, Statistics Indonesia (BPS) announced on Wednesday. Last year’s gross domestic product (GDP) growth was the weakest since 2015, slowing from 5.17 percent in 2018. This also means the government failed to achieve the targeted growth of 5.3 percent stated in the […]
Read MoreIndonesia is set to temporarily stop live animals imports from China and is mulling the possibility of banning imports of other products, including food and beverages, as fears grow that the coronavirus could spread into the country through imports. Trade Minister Agus Suparmanto told reporters on Monday that the measure would be put in place […]
Read MoreBank Indonesia intervened in spot foreign currency trading as well as domestic non-deliverable forward and bond markets on Monday to stabilize the rupiah, an official said, as the currency fell 0.5 percent to the weakest since mid-January. “BI is making sure of rupiah’s stability,” Nanang Hendarsah, the central bank’s head of monetary management, told Reuters by text […]
Read More[JAKARTA] Indonesia’s annual inflation rate in January was 2.68 per cent in January, the statistics bureau said on Monday, below market expectations. Analysts polled by Reuters had forecast a reading of 2.86 per cent. The inflation figure was calculated using the bureau’s new formula, which changes the base year of the Consumer Price Index (CPI) […]
Read MoreBank Indonesia (BI) has officially granted China-based e-wallet heavyweight WeChat Pay a permit to operate in the country. BI deputy governor Sugeng said the central bank granted the permit on Jan. 1. “WeChat Pay is now legal [in the country],” he said on Saturday as quoted by kompas.com via Kontan. Regulators agreed to grant the permit after WeChat […]
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