[JAKARTA] Indonesia’s annual inflation rate hit an 18-month high in December, reaching 1.87 per cent, driven by rising prices of foodstuff and plane tickets, data issued by the country’s statistics bureau showed on Monday. A Reuters poll had expected a rate of 1.80 per cent in December. The previous month’s inflation rate was 1.75 per […]
Read MoreJakarta (ANTARA) – Manpower Minister Ida Fauziyah highlighted that the condition of Indonesia’s employment sector had continued to improve in accordance with several indicators, such as a decline in the open unemployment rate in 2021. Fauziyah noted that several key indicators had shown improvement in the past year, although labor conditions had not recovered fully […]
Read MoreINDONESIA recorded a budget deficit of 4.65 per cent of gross domestic product (GDP) for last year, sharply lower than initial estimates, as revenues surpassed their target, the finance minister said on Monday (Jan 3). Revenues rose on the back of a commodity boom and growing domestic demand, Sri Mulyani Indrawati told a news conference. […]
Read More[JAKARTA] Indonesia has banned coal exports in January due to concerns over low supplies for domestic power plants, local media reported on Saturday (Jan 1), citing a letter sent by the energy ministry. The South-east Asian country is the world’s biggest exporter of thermal coal, exporting around 400 million tonnes in 2020. Its biggest customers […]
Read More[JAKARTA] Indonesia’s crude palm oil output is expected to rise 2.6 per cent next year to 51.01 million tonnes from a 2021 estimate of 49.71 million tonnes, head of the Estate Crop Fund Eddy Abdurrachman said on Tuesday (Dec 28). Demand in 2022 for exports was seen rising to 27.9 million tonnes, versus 27.08 million […]
Read MoreI am optimistic that economic recovery in 2022 would improve, both at the national level and in DKI Jakarta Jakarta (ANTARA) – The Indonesian Economics Scholars Association (ISEI) is optimistic that Indonesia’s economy will improve in 2022, supported by increased private consumption and export performance as well as maintained government fiscal spending. “I am optimistic […]
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