JAKARTA (REUTERS) – Indonesia’s president on Thursday (Aug 18) said his government is calculating how much longer it can sustain a policy of keeping fuel prices unchanged, while the central bank governor hinted at keeping rates steady at an upcoming policy review. President Joko Widodo signalled earlier this week that the government is considering raising fuel […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia Governor Perry Warjiyo on Thursday said that global inflationary pressures on domestic inflation are able to be restrained as the government allocated energy subsidies. “The pressure can be contained in line with the government’s policy to increase energy subsidies,” said Perry at the opening of the national coordination meeting on inflation control at […]
Read MoreTEMPO.CO, Jakarta – The Indonesian government signaled that it would possibly increase the price of subsidized fuel after the budget spiked to Rp502 trillion. One of the renowned subsidized fuels sold by state-energy firm Pertamina is Pertalite, which is currently sold at Rp7,650 per liter and will likely be increased to Rp10,000 per liter. According to Development of […]
Read MoreJakarta (VNA) – The Indonesian Government has set the budget deficit limit at 2.85 – 3% of the gross domestic product (GDP), or 598.2 trillion Rp (40.5 billion USD), for 2023. 2023 is the first year the budget deficit will be returned to a maximum of 3% of the GDP, the country’s President Joko Widodo said while presenting the draft […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Bubbling excitement for bubble tea across South-east Asia has helped the industry grow to a whopping US$3.7 billion ($5.1 billion) in 2021 – spent on both bubble tea and similar “new tea” drinks, according to a study published on Tuesday (Aug 16). The report, jointly conducted by venture outfit Momentum […]
Read MoreIndonesia’s new vehicle market surged by over 29% to 86,256 units in July 2022 from 66,639 units a year earlier, according to member wholesale data compiled by industry association Gaikindo. The vehicle market last month continued to rebound from the 10% decline in May, when activity was held back by the annual Eid holidays, and […]
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