The rupiah strengthened to Rp 13,904 per US dollar at 12:53 p.m. on Friday, having strengthened 0.40 percent from the previous day, according to Bloomberg. Meanwhile, according to the Jakarta Interbank Spot Dollar Rate (JISDOR), the rupiah exchange rate stood at Rp 13,913 per dollar on Friday. The rupiah’s appreciation follows Bank Indonesia’s decision to cut […]
Read MoreThe Indonesian Petroleum Association (IPA) welcomes the government’s plan to revise Energy and Mineral Resources Ministerial Decree No.27/2006 to allow investors to access Indonesia’s oil and gas data for free. “We have waited for the open data policy for a long time. If it is executed, it can help investors to assess prospective areas for […]
Read MoreBank Indonesia has reduced its key interest rate in a move that signals an end to the tightening cycle that began last year. Following a two-day Board of Governors meeting, the central bank cut its benchmark rate, the seven-day reverse repo rate, by 25 basis points (bps) to 5.75 percent on Thursday. Lending and deposit […]
Read MoreThailand, Indonesia and India will experience rapid growth in the online grocery sector, although they are coming from such a low base that it will only account for market shares of 2.8%, 1.5%, and 1.2% respectively by 2023. Read more
Read MoreThe government has relaxed fines imposed on exporters and importers who fail to pay import and export duties to the government or who do not pay the full amount due. The lower fines, which went into effect on Monday, are stipulated in Finance Ministry Regulation (PMK) No. 99/2019 on procedures for the enforcement of customs […]
Read MoreINDONESIAN tobacco retailers will be kept on their toes as e-cigarettes make headway in the market, according to Maybank Kim Eng analysts Janni Asman and Isnaputra Iskandar. “Though we still believe that clove cigarettes will dominate Indonesia’s cigarette industry for some time to come, competition from electronic options may dent their share in some categories […]
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Thailand
