Jakarta (VNA) – The high inflation rate in Indonesia is likely to continue in 2023, as Bank Indonesia (BI) projects that prices will remain at a high level. BI Governor Perry Warjiyo recently warned that the inflation rate may hover above its targeted 2 to 4% next year. There is a risk that inflation may exceed the upper limit of the […]
Read MoreJAKARTA: Indonesia, a resource-rich country but also one of the world’s top importers of wheat and sugar, is boosting production of staple crops as the Covid-19 pandemic and war in Ukraine expose risks in its food supply chain.Already the biggest palm oil producer, the South-East Asian nation is trying to increase output of corn and […]
Read MoreJakarta (ANTARA) – Minister of Cooperatives and SMEs Teten Masduki has asked noodle and meatball soup vendors to join online business given that Indonesia is expected to become the largest digital economy with potential reaching Rp4,500 trillion, in Southeast Asia by 2030. “Hence, Mr. President Joko Widodo (Jokowi) understands very well that our huge digital […]
Read MoreINDONESIA’S president may announce a fuel price hike next week to reduce spending on energy subsidies, senior minister Luhut Pandjaitan said on Friday(Aug 19). South-east Asia’s largest economy has tripled its 2022 energy subsidy budget to 502 trillion rupiah (S$46.9 billion) amid rising oil prices and a depreciating rupiah. President Joko Widodo said earlier this week […]
Read MoreThis inflation will imperceptibly increase our cost of living Denpasar, Bali (ANTARA) – Minister of Tourism and Creative Economy Sandiaga Salahuddin Uno reminded the public to remain vigilant against the threat of inflation. “I want to convey a message from the president that although we are in a good recovery momentum, we must remain vigilant […]
Read MoreJAKARTA : Indonesia reported a current account surplus of $3.9 billion, or 1.1 per cent of its gross domestic product in the second quarter, much higher than the 0.1 per cent surplus in the previous three months, according to a central bank report released on Friday. The country also reported a $1.1 billion deficit in […]
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