JAKARTA: The Indonesian stock-market slump deepened Tuesday as foreign funds pulled out of the local market. With almost every other Asian market still in the green, it is now the first in Asia to lose the rally it posted earlier this year. The Jakarta Composite Index fell as much as 1.7% Tuesday, extending its decline […]
Read MoreThe rupiah is moving toward Rp 15,000 per United States dollar as it was quoted at Rp 14,444 per US dollar or 0.57 percent lower than the previous day, according to the Jakarta Interbank Spot Dollar Rate (JISDOR). It was fifth day the currency had weakened against the greenback – Rp 14,362 on Monday, Rp […]
Read MoreThe country’s rapid urban transportation development is creating vast opportunities for collaboration and investments for the private sector. Indonesia’s steady economic growth in recent years has spurred rapid urbanization across the archipelago. According to the World Bank, the growth rate of cities in Indonesia is 4.1 per cent per year – faster than that in many Asian countries. […]
Read MoreThe Association of Indonesian Retailers (Aprindo) is projecting that retailers will see a 30 to 40 percent increase in sales during Ramadan and Idil Fitri, supported by the inflation rate, which was less than 3 percent in the first quarter. “This [low inflation rate] will create confidence that prices will remain stable,” Aprindo chairman Aprindo […]
Read MoreIndonesia posted a surplus in its balance of payments for the second successive quarter thanks to the improvement in the current account deficit and surge in capital and financial accounts, Bank Indonesia (BI) announced on Friday. The balance of payments surplus was recorded at US$2.41 billion in the first quarter, lower than the $5.41 billion surplus recorded in the fourth quarter […]
Read MoreChicken breeders in Blitar regency, East Java, have suggested that the government avoid intervening in the market in response to an egg price hike in Jakarta, with breeders themselves dealing with low albeit stable prices. The government needed to investigate whether or not there was any egg stockpiling that caused the egg price to soar, […]
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