(Bloomberg) — Indonesia’s nickel investment is set to triple in one of the country’s biggest industrial parks, following a 2019 ban on raw ore exports that President Joko Widodo says will help the economy produce higher-value goods. Spending on projects in Morowali Industrial Park in Sulawesi will reach $18 billion in 2022, compared with $6.7 […]
Read MorePRESSURE on Indonesia’s rupiah is expected to be temporary, a senior Bank Indonesia (BI) official said on Thursday (Sep 29), adding the currency is expected to strengthen to reflect its fundamental value later in the year. Edi Susianto, who heads the central bank’s monetary management department, told Reuters in an interview BI would prioritise policies […]
Read MoreJAKARTA : Indonesia’s central bank has continued with its “triple intervention” to guard against excessive falls in the rupiah exchange rate, with a focus on intervening in the domestic nondeliverable forward market, an official said on Wednesday. Edi Susianto, head of Bank Indonesia’s monetary management department, told Reuters the central bank would also continue to […]
Read MoreTWO South-east Asian central banks will likely add to the flurry of global tightening on Thursday (Sep 22), as policymakers in Indonesia and the Philippines seek to ease price and currency pressures. The majority of economists in a Bloomberg survey expect Bank Indonesia to raise its benchmark interest rate by 25 basis points to a […]
Read MoreJakarta. The Asian Development Bank, or ADB, the region’s multilateral development bank, has upgraded its economic growth forecasts for Indonesia this year but penciled in a slower growth pace for the next year as the county would likely be impacted by deteriorating global growth. In its Asian Development Outlook 2022 September update, ADB projected the largest economy […]
Read MoreBENGALURU, Sept 20 (Reuters) – Bank Indonesia will follow a surprise August interest rate rise with another 25 basis point hike at its meeting on Thursday, still moving more slowly than most of its peers in trying to bring down inflation, a Reuters poll forecasts. Generous energy subsidies restrained inflation, at 4.69% in August, allowing […]
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