Jakarta. Indonesia recorded a surplus of $5.16 billion in its international trade in November to extend a run of surpluses to the 31st consecutive month, the Central Statistics Agency, or BPS, announced on Thursday. The latest monthly figure brings the overall international trade surplus to top $50 billion year to date. The country’s exports amounted to […]
Read MoreJAKARTA, Dec 15 (Reuters) – Indonesia’s parliament on Thursday voted to approve financial legislation that widens the central bank’s mandate to include supporting sustainable economic growth and formalise its debt monetisation operations. Called the “Development and Strengthening of Financial Sector” bill, the new rules are also seen opening the door for ex-politicians to head Bank […]
Read MoreThis estimate is supported by close synergy between the government and the central bank Jakarta (ANTARA) – Indonesia’s central bank, Bank Indonesia (BI), projects that inflation will fall to a level of 1.5 percent to 3.5 percent in 2024 after possibly lying in the range of two to four percent in 2023. Currently, inflation is […]
Read MoreBank Indonesia Governor Perry Warjiyo has revealed the institution’s position towards central bank digital currencies (CBDCs), saying it will be escalating efforts toward their development. Warjiyo disclosed his stance in a speech at the bank’s annual meeting on December 3, telling attendees that the digital rupiah will be used for “various digital economic and financial transactions.” Bank […]
Read MoreAGAINST the backdrop of rising inflation, consumers in Indonesia are likely to tighten their belts by saving more and spending less, or opting for cheaper alternatives. Consumer staples, such as food products producer Indofood CBP Sukses Makmur, could stand to gain, given the resilient demand for staple food products, wrote DBS analysts on Wednesday (Dec 7). […]
Read MoreVIETNAM’S coffee output is expected to drop by a fifth in the current crop year as extended rains, lower levels of nutrition have hit the quality of beans, while trade was thin in Indonesia on low supply, traders said on Thursday (Dec 8). Farmers in the Central Highlands, Vietnam’s largest coffee-growing area, sold beans COFVN-DAK […]
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