(Bloomberg) — Central banks in Indonesia and Malaysia are expected to keep their benchmark interest rates at record lows Thursday in case a resurgence of Covid drive by the omicron variant sets back growth. Bank Indonesia and Bank Negara Malaysia are likely to stay on hold at their first meetings of the year, reiterating their […]
Read MoreDuring the ASEAN Tourism Forum 2022 in Sihanoukville, Thong Khon, Minister of Tourism of Cambodia and Sandiaga Salahudin Uno, Minister of Tourism and Innovation of Indonesia inked a memorandum of understanding on tourism cooperation, especially to promote direct flight connections between the two countries. The signing ceremony was also witnessed by the head of the […]
Read MoreJAKARTA (Reuters) – Indonesia’s annual economic growth in the fourth quarter is seen around 5%, which will take last year’s growth to 4%, finance minister, Sri Mulyani Indrawati, told a parliamentary hearing on Wednesday. Sri Mulyani said economic indicators have improved in the October-December quarter, with domestic consumption and production back to pre-pandemic levels, even […]
Read MoreIndonesian Finance Minister Sri Mulyani Indrawati said on Wednesday, “the risks to the economy in 2022 and 2023 include tapering in us and EU, China economic policy, supply disruption.” Additional comments “High commodity prices have begun to affect Indonesia’s inflation, but inflation now still mild.” “Indonesia consumption and production have returned to pre-pandemic levels.” “Indonesia […]
Read MoreJAKARTA: Indonesia’s parliament has approved a bill to relocate the nation’s capital from Jakarta to a jungled area of Kalimantan on Borneo island, the planning minister said on Tuesday. The new state capital law, which provides a legal framework for President Joko Widodo’s ambitious $32 billion mega project, stipulates how development of the capital will […]
Read MoreIndonesia lifted a ban on all foreign arrivals and kept the required isolation period to 7 days in a bid to keep the economy going, even as local Covid-19 infections continued to climb. Authorities last week removed all 14 heavily-infected nations from its travel ban list, allowing travellers from countries including South Africa and UK […]
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