Indonesia

September 15, 2022

Indonesia Braces for Higher Inflation Rate than Economic Growth: Airlangga

TEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Airlangga Hartarto said the government is striving to meet the target of suppressing the national food inflation. The inflation rate was expected to be below 5 percent by the end of the year. “We are really facing the food inflation for the remaining four months,” said Airlangga at the 2022 […]

September 14, 2022

Indonesia orders regional heads to keep food inflation below 5%

JAKARTA – Indonesia’s central government on Wednesday ordered regional heads to keep food inflation below 5 per cent as the recent hike in fuel prices could add 1.6 to 2 per cent to the inflation rate. Chief Economic Minister Airlangga Hartarto said in a meeting growth in the third quarter would be at around 5.4 […]

September 13, 2022

Indonesia to review minimum wage rules after protests over fuel price hike

INDONESIA will review minimum wage and other labour rules, the president’s office said on Tuesday, after trade unions staged nation-wide protests against a recent hike in petrol prices that they say has come even as incomes stagnate. President Joko Widodo raised subsidised fuel prices in South-east Asia’s largest economy by 30 per cent earlier this […]

September 13, 2022

Indonesia: Fuel Price-Driven Inflation Only Lasts 1 Month, Finance Ministry Deputy Claims

TEMPO.CO, Jakarta – Deputy Minister of Finance Suahasil Nazara said Indonesia experienced an upward trend in inflation in September due to the increase in fuel prices announced by the government on September 3. However, he said, the upward trend in inflation will only occur this month after deflation in August. Because of this Suahasil is optimistic that […]

September 12, 2022

Indonesia: BI encourages community-level urban farming to control inflation

We want to support events like this. Price at the market must be affordable for our people Jakarta (ANTARA) – Deputy Governor of Bank Indonesia (BI) Doni Primanto Joewono urged people to start urban farming or food cultivation practices to control regional inflation. During the inauguration of the National Movement for Food Inflation Control (GNPIP) […]

September 5, 2022

Indonesia’s commodity producers to drive emerging markets earnings growth

COMPANIES in Indonesia are expected to report the most earnings growth among its Asia Pacific (Apac) emerging market (EM) county peers due to the country’s large proportion of commodity producers that are benefiting from high spot prices this year. According to a recent report by Moody’s Investors Service, Indonesia will post the highest earnings growth […]

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