Xinhua – The 17th Group of 20 (G20) Summit, scheduled to take place here from Tuesday to Wednesday, is expected to build global consensus and bolster confidence in world economic recovery. Experts and business leaders worldwide pin their hope on major economies to strengthen coordination on macroeconomic policies and promote multilateralism, openness, inclusiveness and win-win cooperation. […]
Read MoreJAKARTA, Nov 14 (Reuters) – Indonesia’s trade surplus is seen narrowing slightly in October to $4.5 billion, amid weakening in global trade and moderating commodity prices, a Reuters poll showed on Monday. Exports from Southeast Asia’s biggest economy have been buoyed since last year by high commodity prices, but prices of some key commodities like […]
Read More(Bloomberg) — Economists see Indonesia’s central bank raising its benchmark interest rate faster and sooner than previously expected to make up for its late entry to the monetary tightening club. Bank Indonesia’s seven-day reverse repurchase rate is expected to be raised by a full percentage point by March from the current 4.75%, according to a […]
Read MoreTEMPO.CO, Jakarta – Workers, under the Confederation of Indonesian Trade Unions (KSPI) of Jakarta, will be demonstrating at the City Hall Office, Central Jakarta, Thursday, November 10, 2022. The demonstrations consist of the demand for an increase in the Provincial Minimum Wage (UMP) 2023 by 13 percent and the rejection of mass employee layoffs by the threat of […]
Read MoreTEMPO.CO, Jakarta – The Indonesian Chamber of Commerce and Industry (KADIN) deputy Adi Mahfudz Wuhadji on Wednesday said that mass layoffs can be reduced by putting forth bipartite communication between business owners and workers. This, he said, would enable both parties to collectively understand a company’s limit in paying workers’ wages. “In addition, workers or laborers should also continue […]
Read MoreThe Indonesian economy grew at the fastest clip in more than a year for the third quarter, but this “might be as good as it gets” for the Southeast Asian nation as global headwinds await, economists said. On Monday, Indonesia posted year-on-year GDP growth of 5.72% for the July to September quarter, higher than last […]
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