TEMPO.CO, Jakarta – Bank Indonesia suggests that the government and the House of Representatives (DPR) should be wary of The Fed interest rate hikes next year. Interest rate hike will be taken into account in the proposal of the rupiah exchange rate assumption in the draft 2018 state budget (RAPBN). Bank Indonesia Senior Deputy Governor Mirza Dityaswara […]
Read MoreTEMPO.CO, Jakarta – A survey conducted by Bank Indonesia (BI) shows that retail sales in July declined as the public consumption returned to normal after Ramadan and Eid al Fitri. The fact is reflected by the real sales index (IPR) that stood at 209.9 in July 2017, declining by 3.3 percent year-on-year. “The declining retail sales occurred in the food and non-food groups,” the central bank (BI) reported yesterday, Sept. 11. On the regional basis, the decline in IPR occurred […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) recorded that the position of Indonesia foreign exchange reserves in August this year reached 128.8 trillion USD. This number is higher compared to the last position in July as much as US$127.8 trillion. “The increase is especially influenced by foreign revenues from taxes, oil and gas exports, and a BI auction, as well as the auction of foreign exchange securities (SBBI),” BI spokesperson Agusman, said in Jakarta on Friday, Sept. 8. The foreign exchange revenues, the […]
Read MoreWhen Indonesia declared independence from Dutch rule in 1945, the country’s founder, Sukarno, called on his people to build a nation that would “stand in strength”, eternally united. That mantra — unity and strength — helped shape the country’s future, including its approach to economic development. During much of Indonesia’s early history, its egalitarian distribution […]
Read MoreTEMPO.CO, Jakarta – Southeast Sulawesi (Sultra) Provincial Government confirmed that 35 ferry ports will be built to connect a number of islands in the region. Sultra Transportation Agency head Hado Hasina in Kendari on Saturday (9/9) said that the construction of the 35 ports has been included in the master plan of Transportation Ministry and the ports […]
Read MoreTEMPO.CO, Jakarta – The government is still confident that the economic growth target of 5.4 percent as set in the 2018 state budget draft can be achieved. This confidence stems amid various global and domestic economic challenges to be faced next year. This was conveyed by Finance Minister Sri Mulyani when discussing the state budget draft with […]
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