BENGALURU: Bank Indonesia is likely to hold rates at a record low on Thursday, but one in three economists polled by Reuters expected a 25 basis-point hike to shore up the rupiah currency and guard against capital outflows stemming from aggressive U.S. rate hikes. Faced with relatively low inflation, Bank Indonesia will wait at least […]
Read MoreJAKARTA: Indonesia urged tech companies on Monday to register under new licensing rules, or run the risk of having their platforms blocked, with data showing many big tech firms such as Google and Meta had yet to comply days out from July 20 deadline. The requirement to register is part of a set of rules, […]
Read MoreJAKARTA, July 15 (Reuters) – Indonesia booked a larger-than-expected trade surplus of $5.09 billion in June, as palm oil exports surged after the lifting of an export ban a month earlier while coal shipments to Europe also jumped, official data showed on Friday. A Reuters poll had expected a $3.52 billion surplus for June, following […]
Read MoreTEMPO.CO, Jakarta – The high price of oil in global markets serves as a momentum for the Indonesian government to evaluate domestic refinery projects. Moreover, state oil and gas company Pertamina has just adjusted the price of non-subsidized vehicle fuels and LPG. These steps were taken amidst the rupiah depreciation against the US dollar, creating risks of raising the import […]
Read MoreTEMPO.CO, Nusa Dua – Bank Indonesia Governor Perry Warjiyo stated that the digital economy has become the savior of the country’s economy during the lingering COVID-19 pandemic. “In the future, the digital economy will also be a pillar for Indonesia’s advance,” said Perry at the opening of the 2022 Indonesian Digital Economy Festival (FEKDI) in Nusa Dua, Bali, Monday, July […]
Read MoreJakarta (ANTARA) – Secretary of the Ministry of Tourism and Creative Economy Ni Wayan Giri Adnyani expected a renewal of the memorandum of understanding (MoU) on intensifying cooperation in the tourism sector with ASEAN-India member states. According to Adnyani’s statement here on Thursday, India has in place the human resources development program in the tourism sector […]
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