Jakarta. Indonesia’s state budget saw a surplus for the second consecutive month of the year as the impact of the Covid-19 pandemic began to ease, Finance Minister Sri Mulyani Indrawati said on Monday. The Rp 19.7 trillion ($1.37 billion) surplus in the February results is equivalent to 0.1 percent of the gross domestic product. “This is an […]
Read MoreHIGH global commodity prices have helped Indonesia book a strong fiscal position, but its budget will face pressure from inflationary shocks in coming months as the government keeps fuel prices steady, the finance minister said on Monday (Mar 28). Net oil importer Indonesia has made state energy firm Pertamina keep prices of its most widely […]
Read MoreJAKARTA : Indonesia’s finance minister lowered the 2022 economic growth outlook to between 4.5per cent to 5.2per cent on Monday, compared with a previous outlook of 4.8per cent to 5.5per cent. Sri Mulyani Indrawati did not explain the downgrade, but said the government would continue to support Indonesia’s economic recovery from the COVID-19 pandemic through […]
Read MoreJAKARTA (CNA) – Indonesia may delay rolling out its carbon tax on coal power plant emissions, officials said on Friday, as authorities have yet to finalise details a week before its April 1 start date. Under a sweeping law passed in October, Indonesia introduced a new levy for coal power plant operators of IDR30,000 (USD2.09) […]
Read MoreIts government hopes it can produce trade outcomes superior to free trade and competition Chaos at the London Metals Exchange has thrust a low-profile commodity into the limelight. For the first time on record, nickel spiked to more than $100,000 per metric ton on March 8, prompting the LME to halt nickel trading for a […]
Read More[JAKARTA] The International Monetary Fund (IMF) has trimmed its economic growth forecast for Indonesia in 2022 to 5.4 per cent, down from 5.6 per cent previously, it said in a statement on Wednesday. The IMF kept Indonesia’s 2023 growth forecast at 6 per cent in its so-called Article IV assessment and described South-east Asia’s biggest […]
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Thailand
