INDONESIA’S President Joko Widodo’s popularity took a hit after his decision to increase fuel prices raised public discontentment over surging living costs, according to the latest opinion poll. His approval rating fell by 10 percentage points to 62.6 per cent from 72.3 per cent in August, based on Indikator Politik’s survey of 1,200 people conducted […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) predicted that the inflation in September 2022 will reach 1.09 percent. The prediction was based on the Price Monitoring Survey conducted in the third week of September 2022. The predicted figure was increased from the results of the Price Monitoring Survey on the second week of September 2022, which was 0.77 percent. […]
Read MoreCOMPANIES with strong pricing power will have much to gain from the inflationary environment as these players tend to have more stable profit margins when dealing with cost pressures. Singapore and Indonesia are believed to be among the biggest winners in the region, as RHB in its report on Thursday (Sep 15) forecast 3.2 per […]
Read MoreIndonesia’s trade surplus widened in August, thanks to strength in the country’s exports. Southeast Asia’s largest economy recorded a trade surplus of $5.76 billion, wider than the $4.23 billion surplus in July. A poll of analysts by The Wall Street Journal expected a surplus of $4.69 billion. Indonesia recorded trade surpluses with India, the U.S. […]
Read MoreINDONESIA’S Parliamentary budget committee and the government on Wednesday (Sep 14) agreed to set a 2023 economic growth target of 5.3 per cent, the committee’s chair said, similar with President Joko Widodo’s proposal. The committee and the government also agreed on 2023 spending of 3,061.2 trillion rupiah (S$288.3 billion), slightly higher than the proposed budget, […]
Read MoreDESPITE Indonesia’s recent announcement of a 30 per cent fuel price hike, UOB Kay Hian (UOBKH) believes the impact of the hike on purchasing power is likely to be minimal, according to data from Bank Indonesia’s Retail Sales Index (RSI). Noting that the South-east Asian country has had 4 price hikes in the last 20 […]
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