This is higher than the growth in 2021 at 3.2 to 4 percent. Jakarta (ANTARA) – Bank Indonesia (BI) Governor Perry Warjiyo is upbeat about Indonesia’s economic recovery in 2022, with growth lying in the range of 4.7 to 5.5 percent. “This is higher than the growth in 2021 at 3.2 to four percent,” Warjiyo […]
Read MoreEconomist at UOB Group Enrico Tanuwidjaja and Yari Mayaseti review the latest monetary policy meeting by the Bank Indonesia (BI). Key Takeaways “Bank Indonesia (BI) left its benchmark rate unchanged at record low of 3.50% at its 17 November -18 November 2021 monetary policy meeting (MPC) as the economy continued to recover from the country’s […]
Read MoreJakarta (ANTARA) – Indonesia should try and attract more foreign investment for funding its green transition, the World Bank has said. “It is essential to get the private sector’s investment and finance in also bilateral cooperation. This transition needs everyone. And for that reason, this is time for Indonesia to make itself attractive to the […]
Read MoreJAKARTA, Nov 19 (Reuters) – Indonesia’s third-quarter current account racked up a surplus of $4.5 billion or 1.5% of GDP, the largest in 12 years, as merchandise exports got a boost from high commodity prices, central bank data showed on Friday. Prior to the COVID-19 pandemic, Indonesia had since late 2011 had a persistent current […]
Read MoreJakarta. Indonesia’s internet economy will likely reach $330 billion in value by 2030, almost double current Southeast Asia’s digital economy value of $170 billion, according to a recent report by Google, Temasek, and Bain released last week. “Indonesia alone could be two times Southeast Asias GMV today by 2030,” the companies said in a recently released report […]
Read MoreTEMPO.CO, Jakarta – Finance Minister Sri Mulyani Indrawati said Indonesia’s state budget deficit as of September 30, 2021, reached Rp452 trillion or 2.74 percent of Gross Domestic Product (GDP). The figure plummeted by 33.7 percent compared to last year’s. “This illustrates ongoing fiscal consolidation, and indirectly means that the economic recovery is going as we expected,” said Sri at a […]
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