BENGALURU : Bank Indonesia is expected to keep its key interest rate unchanged at 5.75 per cent for a third consecutive meeting on April 18 and for the rest of this year as it evaluates the impact of previous hikes on inflation, a poll this week by Reuters found. Inflation has been largely cooling since […]
Read More(Bloomberg) — Indonesia’s central bank will likely maintain its key rate steady for a third straight meeting in what some analysts see as a signal of a lengthy pause as price pressures ease and the currency strengthens. All 30 economists in a Bloomberg survey expect Bank Indonesia on Tuesday to maintain its seven-day reverse repurchase […]
Read MoreIndonesia is expected to propose a limited free trade agreement (FTA) for specific battery-related minerals that are shipped to the United States. The proposal seeks to allow companies involved in the electric vehicle battery supply chain in the country to benefit from the US’ tax credits under the Inflation Reduction Act (IRA). Indonesia’s proposal for […]
Read MoreJakarta (VNA) – According to the latest Asian Development Bank (ADB) assessment, Indonesia’s economy is expected to grow by 4.8% in 2023 and 5.0% in 2024. ADB Country Director for Indonesia Jiro Tominaga said booming commodity exports drove growth to 5.3% in 2022, making up for modest domestic demand. Countries like Indonesia that rely strongly on commodity exports benefited […]
Read MoreINDONESIA’S annual inflation cooled to its lowest rate in seven months in March, data from the statistics bureau showed on Monday (Apr 3), as prices rose slower than usual during the beginning of the Muslim fasting month of Ramadan. March’s annual inflation rate was 4.97 per cent, the lowest since August 2022, and down from […]
Read MoreJAKARTA, April 3 (Reuters) – Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a government ministry said on Monday, amid efforts to attract investment into domestic production, The incentive came into effect this month and will remain in place until the end […]
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Thailand
