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Indonesia has room to cut rates further, says finance minister

INDONESIA has a raft of stimulus options available to bolster the South-east Asia’s biggest economy if global conditions worsen, Finance Minister Sri Mulyani Indrawati said. The government is prepared to boost spending and “reactivate” measures used during the global financial crisis if domestic growth needs a boost, Ms Indrawati said on Tuesday in an interview […]

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Jokowi to announce new Indonesia capital to replace Jakarta

Indonesian President Joko Widodo will announce the site of the country’s new capital on Monday, ending months of speculation about the location of the new city to replace Jakarta as the administrative headquarters. The announcement will be broadcast live from 1 p.m. Jakarta on the official YouTube channel of the president’s secretariat. Jokowi, as the […]

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Indonesia surprises with second rate cut to support growth

Indonesia unexpectedly cut interest rates for a second straight month to spur an economy facing increasing risks from a global slowdown and intensifying trade war. Indonesia unexpectedly cut interest rates for a second straight month to spur an economy facing increasing risks from a global slowdown and intensifying trade war. Bank Indonesia lowered its seven-day reverse […]

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