TEMPO.CO, Jakarta – Bank Indonesia (BI) said it is ready to stabilize and intervene the market in a bid to prevent the rupiah from plummeting further, hence protecting Indonesia’s economy from turmoil. “Since this is related to the market, the strategy is a top secret,” BI director for monetary management Doddy Zulverdi told the press in Jakarta, Thursday, March 1. On […]
Read MoreThe Central Statistics Agency (BPS) recorded 0.17 percent month-on-month inflation in February, compared to 0.62 percent inflation in the previous month. Cumulative inflation in January and February was recorded at 0.79 percent, while year-on-year inflation was recorded at 3.18 percent in February. “Inflation was sparked by price increases in all spending components from processed foods, […]
Read MoreTEMPO.CO, Jakarta – Economic observer from the Institute for Development of Economics and Finance (Indef) said that a price hike for non subsidized fuels will push up February’s inflation by 0.25 to 0.3 percent, month-on-month. “(A fuel hike) will automatically push up administered prices, and the effect will also reach transportation (costs) as a component of inflation,” […]
Read MoreTEMPO.CO, Jakarta – The Jakarta inter-bank spot dollar rate (JISBOR) showed the rupiahweakening by 35 bps to trade for 13,791 per US dollar on Thursday morning. Binaartha Sekuritas analyst Reza Priyambada said here today that the US dollar is gaining power against most Asian currencies–including the rupiah–following The Fed’s hawkish stance. “The market responds to Fed’s ‘hawkish’ statement […]
Read MoreTEMPO.CO, Jakarta – Jakarta Research and Public Policy (JRPP) supported Jakarta Government to affirm the regulation of illegal minimarket in Jakarta. JRPP executive director Muhamad Alipudin said unregistered minimarket inflicts financial lose to Jakarta government on potential tax. “We support Jakarta government to regulate all minimarkets in order,” said Alipudin, Thursday, February 28. Based on the Regional Regulation (Perda), No. […]
Read MoreThe Indonesian government is planning to inform Vietnam about a change in the vehicle type approval (VTA) certificate in an effort to reopen Indonesian automotive exports to the country. “With the VTA adjustment, Indonesian automotive exports are expected to return to the country,” Trade Ministry international trade director general Oke Nuwan said in a statement […]
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