The Trade Ministry’s Futures Exchange Supervisory Board (Bappebti) has decided cryptocurrencies would be future trading subjects or commodities at the bourse, even though Bank Indonesia (BI) does not recognize such currencies as payment instruments. “The Bappebti head has signed a decree to make cryptocurrency a commodity that could be traded at the bourse,” said head […]
Read MoreSINGAPORE (Nikkei Markets) — The pressure on emerging markets in Southeast Asia is set to increase as the strengthening dollar aggravates concerns about debt in the region. The recent political turmoil in Italy has added to the risks that have weighed on these markets in recent months, weakening both their currencies and stocks. Among the […]
Read MoreBank Indonesia (BI) has said it would continue to coordinate with government institutions to maintain the country’s macroeconomic stability and foster growth following international rating agency Standard & Poor’s (S&P) Global Ratings’ investment grade rating for Indonesia. On Thursday, S&P Global Ratings announced Indonesia’s sovereign rating at BBB- with a stable outlook, maintaining the same […]
Read MoreSINGAPORE: Indonesia’s second interest-rate increase in two weeks may be followed by more policy tightening to stem a slide in the rupiah amid an ongoing rout in emerging markets. While the rupiah strengthened for a fifth day yesterday, the central bank isn’t in the clear yet. Much will depend on geopolitical events – from snap […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia`s (BI) board of governors` meeting today resulted in a decision to increase the 7-Day Reverse Repo Rate (7DRR) by 25 bps to 4.75 percent. The deposit facility rate and the lending facility rate are also raised by 25 bps to 4.0 percent and 5.5 percent, respectively. The decision is put into effect starting […]
Read MoreAccording to the Consumer Payment Attitudes Study by Visa, Indonesians are more confident living without cash for 24 hours than Singaporeans. The study involved 4,000 respondents from Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam aged 18 and over with an income above Rp 3 million per month. Conducted in July 2017, it found […]
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