JAKARTA • Indonesia’s gross domestic product grew 4.94 per cent in the fourth quarter to mark the slowest pace since the opening three months of last year, as household consumption cooled and government spending contracted, data showed yesterday. South-east Asia’s largest economy also faces uncertainty surrounding US policies under President Donald Trump and in one […]
Read More[JAKARTA] Indonesia’s efforts to reboot its economy were dealt a blow Monday as official data showed growth ticking up in 2016 but undershooting expectations for the final quarter. President Joko Widodo came to power in 2014 on a pledge to boost economic expansion to seven percent but his government has struggled to lift growth rates […]
Read MoreJAKARTA: Indonesia’s central bank gave its strongest signal yet that it may be done with cutting interest rates as it adopts a cautious stance with the US Federal Reserve set to tighten further and president Donald Trump pursuing a new trade policy. Bank Indonesia cut its benchmark rates six times in 2016, by a total […]
Read MoreIndonesian tourism industries have expressed support to the adoption of visa-free policy by the government so far, citing positive impact on the tourism sector. The general chairman of the Association of Indonesian Tourism Industries (GIPI), Didien Junaedy, said here on Saturday (Feb. 4) that the adoption of the policy is essential to boost tourism in […]
Read MoreCentral bank Bank Indonesia (BI) welcomed the good result of the assessment of the International Monetary Fund (IM) of Indonesia’s economy in 2016. The IMF considered that Indonesia has managed to keep the stability of its macro economy and adjusted to the external changes. “We appreciate and welcome the assessment by the IMF,” said BI […]
Read MoreJAKARTA: Indonesia on Monday will report fourth-quarter data that’s expected to show annual economic growth moved back above 5% in 2016, but just barely. In 2015, growth slumped for a fifth straight year, falling to 4.79%, the lowest since 2009. For the last quarter of 2016, the median forecast of 18 analysts in a Reuters […]
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