CEBU, Philippines : It’s too early for Indonesia’s central bank to consider cutting interest rates, a member of the bank’s board of governors said on Monday, even as the country’s inflation eases but concerns over slowing growth mount as exports slow. Bank Indonesia (BI) has kept policy rates unchanged since its last rate hike in […]
Read MoreJAKARTA: Indonesia’s April trade surplus was seen increasing from the previous month, with imports softening due to less production activities during the holiday of Ramadan, a Reuters poll showed. The median analysis of 14 economists in the survey showed the trade surplus in April likely increased to $3.38 billion from $2.91 billion in March. Southeast […]
Read MoreJAKARTA, May 10 (Reuters) – Sales of electric cars in Indonesia jumped last month after the government launched tax incentives, auto executives said, in an early sign that electric vehicle (EV) adoption is gaining traction in Southeast Asia’s largest economy. Effective from April, Indonesia cut the value-added tax (VAT) on electric cars from 11% to just 1%, […]
Read MoreIndonesia’s economy in the first quarter (Q1) of 2023 grew by 5.03 per cent year-on-year (YoY). The manufacturing sector, which had a dominant contribution, grew by 4.43 per cent, as per Statistics Indonesia. The structure of Indonesia’s gross domestic product (GDP) in Q1 2023, on the production side at the current prices, did not show […]
Read MoreTEMPO.CO, Labuan Bajo – President Joko “Jokowi” Widodo and Vietnam Prime Minister Pham Minh Chinh – during a bilateral meeting amid the 42nd ASEAN Summit – are sure the cooperation between the two countries will help increase trade value to reach US$ 15 billion by 2028. This was mentioned by Foreign Affairs Minister Retno Marsudi during the […]
Read MoreTEMPO.CO, Jakarta – Indonesian Finance Minister Sri Mulyani Indrawati estimated that the country’s economic growth in 2023 will remain strong and even has the opportunity to grow above 5 percent. For the first quarter of 2023, she explained, the figure reached 5.03 percent, better than the fourth quarter of 2022 which was 5.01 percent. “It’s triggered by the […]
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