ANN/THE JAKARTA POST – The hike in the prices of subsidised fuels early last month has done little to hamper car sales, experts and industrialists said, as eased COVID-19 restrictions have paved the way for growth. According to a report from the Association of Indonesian Automotive Manufacturers (Gaikindo), domestic car sales were up 19 per […]
Read MoreINDONESIA’S September trade surplus beat forecasts at US$4.99 billion, as exports and imports grew at a slower than expected pace, data from the statistics bureau showed on Monday (Oct 17). A Reuters poll had expected a US$4.84 billion surplus in September, compared with a US$5.76 billion surplus in the previous month. South-east Asia’s largest economy […]
Read MoreINDONESIA’S currency is tumbling and foreign money in its bond markets is heading for the exits, stoking fears that South-east Asia’s largest economy is finally starting to crack after months of remarkable resilience against global headwinds. Despite its history of merciless market drubbings during times of global economic stress, Indonesia was a surprising outperformer until […]
Read More(Bloomberg) — Indonesia’s central bank could settle for quarter-point moves at its upcoming policy rate meetings after September inflation came in lower than estimates despite the fuel price hike, economists said. The impact of higher gasoline prices is more subdued than expected, while food costs have likely peaked with the onset of the harvest season, […]
Read MoreJAKARTA, Oct 4 (Reuters) – Indonesia, the world’s biggest producer of palm oil, may extend an export levy waiver on the edible oil to the end of this year, its chief economic minister said on Tuesday. Indonesia started waiving levies imposed on exports of palm oil products from mid-July to help reduce its stock glut following a […]
Read MoreJAKARTA, Oct 3 (Reuters) – Indonesia’s inflation rate in September accelerated to its highest since October 2015 due to higher transportation costs following a fuel price hike, statistics bureau data showed on Monday. The headline annual inflation rate rose to 5.95% in September, up from 4.69% in August, but came in slightly lower than a […]
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