The Downstream Oil and Gas Regulatory Agency (BPH Migas) has estimated that fuel consumption will increase by 20 percent during the fasting month of Ramadhan and the Idul Fitri holiday. BPH Migas committee member M. Ibnu Fajar said the agency together with the Energy and Mineral Resources Ministry and state-owned oil and gas company Pertamina would increase the […]
Read MoreThe National Payment Gateway (GPN) may burden both consumers and banks as Bank Indonesia (BI) requires all bank customers to have at least one GPN card, the University of Indonesia’s Institute for Economic and Social Research (LPEM UI) has said. LPEM UI researcher Chaikal Nuryakin said on Wednesday that based on BI’s target, following the issuance of Article 43 […]
Read MoreJAKARTA: A rise in Indonesian bond yields is unavoidable given the current global situation, but the finance ministry believes the market will stabilise and is preparing alternatives for financing in the mean time, a senior official said on Friday. “For yields to return to 6.3 percent would be hard, but we’re comfortable that the movements […]
Read MoreBank Indonesia (BI) hinted on Friday that it would increase its benchmark seven-day reverse repo rate, which is currently at 4.25 percent, because of consistent external pressure that could potentially disrupt the country’s economy. The BI’s board of governors will meet on May 16 and 17. “Bank Indonesia has large enough room to increase the seven-day reserve repo rate. The […]
Read MoreFinance Minister Sri Mulyani Indrawati has said the government will closely monitor inflation as rupiah exchange rate against US dollar continues to weaken. The rupiah has been valued at more than Rp 14,000 to the US dollar in the last three days, its weakest position since 2015. It was trading at Rp 14,074 to the […]
Read MoreIn a bid to ensure the availability of food stocks ahead of the Ramadhan fasting month starting next week, the government has introduced the use of a barcode system to monitor an online database of commodities. The system was launched on Sunday. State Logistics Agency (Bulog) president director Budi Waseso said on Tuesday that the system could prevent hoarding. “The use […]
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Thailand
