Bank Indonesia Governor Perry Warjiyo has said the decision to raise BI’s seven-day reverse repo rate by 50 basis points (bps) is a further preemptive measure to maintain the competitiveness of the domestic financial market against uncertainty in the global financial market. “The decision to raise the interest rate is an extension of BI’s preemptive […]
Read MorePresident Joko “Jokowi” Widodo welcomed East Timor President Francisco “Lú Olo” Guterres at the Bogor Palace in West Java on Thursday. It is Guterres’ first foreign visit after being elected president last year. During the meeting, both leaders discussed various issues, including the improvement of economic relations, particularly in investment and trade. “We agreed to […]
Read MoreBank Indonesia (BI) Governor Perry Warjiyo said the latest developments regarding the United States Federal Reserve and European Central Bank (ECB) would be at the top of the agenda at the next BI board of governors meeting. Perry said at the meeting, which will be held on June 27 and 28, the board will discuss the measures needed to stabilize the country’s economy, […]
Read MoreTEMPO.CO, Jakarta – Chief of Commisioners of the Indonesia Deposit Insurance Corporation (LPS) Halim Alamsyah said that interest rate for consumer credit will be the most affected by the increase of Bank Indonesia 7 Day Repo Rate (7DRR). The increase in 7DRR will increase the consumer credit interest rate. “So if there is an interest rate increase, […]
Read MoreTEMPO.CO, Jakarta – Head of the Indonesian Employers Association (Apindo) Hariyadi Sukamdani, said that the government’s policy on the 13th salary and Eid Al-Fitr bonus for civil servant, police, the army, and pensioners has a positive impact in local regions. Hariyadi said that some regions known as a tourist destination have shown an increase in hotel occupancy rates. “The […]
Read MoreThe Hanoitimes – Color-coated steel from Vietnam dumped into the country stood between 12.01% and 28.49% of the Indonesian market, according to Indonesian watchdogs. The Indonesian Anti-Dumping Committee (KADI) has announced the final decision on its anti-dumping investigation into color-coated steel sheets imports from Vietnam and China. The information was released by the Trade Remedies Authority of […]
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