JAKARTA (REUTERS, BLOOMBERG) – The current policy stance of Indonesia’s central bank is tilted toward neutral, a senior official said after Bank Indonesia (BI) decided to keep its key policy rates unchanged on Thursday. Governor Agus Martowardojo and his board held the seven-day reverse repurchase rate at 4.75 per cent. The bank lowered rates six […]
Read MoreWeeks after Indonesia reported netting more than US$10 billion from a tax amnesty, the Philippine government said it’s mulling a similar move. Implementing it may not be that easy. In Indonesia, the amnesty gave individuals a reprieve from prosecution if they came clean on unreported income or hidden assets abroad. The Philippines is considering a […]
Read MoreTEMPO.CO, Jakarta – Transportation Minister, Budi Karya Sumadi, argues that the Government and Business Entity Cooperation (KPBU) financing scheme used to finance government infrastructure projects will be able to accelerate construction process. It would need more than Rp 1,000 trillion worth of funds to accelerate infrastructure developments. Meanwhile, the ministry’s four year project can only […]
Read MoreTEMPO.CO, Jakarta – State-owned lender Bank Rakyat Indonesia (BRI) is aiming to become the most valuable bank in Southeast Asia by 2022, as set forth in its corporate plan for 2018-2022. BRI deputy president director Sunarso said that to achieve the target, the company will improve some indicators, including increasing the bank’s net profit within five […]
Read MoreTEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Darmin Nasution said that the national economy will not be affected by the Jakarta Gubernatorial Election. “[The economy] is running just fine. Export is good, import is good,” Darmin said at his office in Jakarta on Tuesday, April 18, 2017. The second round in Jakarta election between […]
Read MoreTEMPO.CO, Jakarta – Finance Minister Sri Mulyani said that state ministers are coordinating closely to keep inflation at bay during the month of Ramadan and Eid al-Fitr 2017. Sri Mulyani said that ministers have been monitoring supply and demand of commodities that can cause inflation, including sugar, rice, chicken meat and cooking oil. “We also […]
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