Central banks in Indonesia and the Philippines held their key interest rates steady to help entrench economic recoveries that are picking up pace as Southeast Asia’s worst Covid outbreaks recede. Bangko Sentral ng Pilipinas left the benchmark rate at 2% on Thursday, as predicted by all 20 economists in a Bloomberg survey. Minutes later, Bank […]
Read MoreBy Yi Wei Wong Indonesia’s trade surplus was $3.51 billion in November, compared with $5.73 billion in October, as on-month import growth grew faster than export growth, Indonesia’s statistics agency said Wednesday. The result was narrower than the median forecast from a Wall Street Journal poll of analysts, which expected a $4.30 billion surplus. Indonesia […]
Read MoreIndonesia will raise the excise tax rate for tobacco products by an average of 12 percent in 2022, reports The Jakarta Post. The increase will be greater for machine-made cigarettes than hand-rolled cigarettes, which will see a maximum 4.5 percent hike. Mulyani Indrawati said the decision took into account the government’s target to reduce smoking among […]
Read MoreUSD/IDR remains pressured around intraday low, down 0.05% on a day near $14,320 amid early Wednesday morning in Europe. The Indonesian rupiah pair refreshed weekly low the previous day but stayed sidelined afterward. In doing so, the pair pays a little heed to November’s foreign trade data for Indonesia. That said, Indonesia’s Trade Balance eased […]
Read MoreIndonesia is seeking to rally the Group of 20 (G20) nations to reach agreements on four intractable global taxation issues, hoping to clinch certain deals before the country’s G20 presidency ends in December of next year. Indonesia will raise the issues of the taxation of multinational companies’ profits, a 15 per cent global minimum corporate […]
Read MoreBENGALURU : Bank Indonesia is certain to hold interest rates steady on Thursday as inflation remains benign for now, according to economists in a Reuters poll who have brought forward their expectations for a first hike to the third quarter of 2022. Indonesia’s central bank announced in November it would keep interest rates low until […]
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