We projected to reach four percent by the end of the year, which is higher than IMF’s estimated figure of 3.2 percent and OECD’s 3.7 percent. Jakarta (ANTARA) – Finance Minister Sri Mulyani Indrawati is optimistic that Indonesia’s economy could grow by four percent or higher than the Organisation for Economic Co-operation and Development’s (OECD’s) […]
Read MoreBank Indonesia has prolonged its credit card rules set in May 2020 to further support economic recovery due to the pandemic. Bank Indonesia (BI) has extended its relaxed repayment terms for credit card debt to the end of the second quarter next year to support economic recovery efforts. Under the relaxed rules, minimum payment has been […]
Read MoreJAKARTA : Indonesia’s central bank may stick to its current rules on downpayments for loans on property and vehicles until 2023 to ensure sufficient credit for businesses amid the recovery from the COVID-19 pandemic, Governor Perry Warjiyo said on Tuesday. Bank Indonesia will extend its “loose macroprudential policy” on vehicle and property loans until the […]
Read MoreJAKARTA, Oct 25 (Reuters) – (This October 25 story corrected headline and lead paragraph’s Q3 GDP growth projection to 4.5%, not 4.3%, after Finance Ministry issues correction) Indonesia expects rising exports and a recovery in household consumption to result in economic growth of 4.5% in the third quarter, refining an earlier forecast for 4-5% growth, […]
Read MoreTEMPO.CO, Jakarta – The Ministry of Manpower is preparing several attempts regarding the decision of PT Hero Supermarket Tbk. to close all of its Giant outlets. One of them is by preparing facilities to help thousands of Giant supermarket employees that, reportedly, would be laid off based on the company’s decision. “To join re-skilling training at our vocational training centers (BLK),” said the ministry’s […]
Read MoreInvestors became overwhelmingly bullish on the Indonesian rupiah as the country’s growth prospects improved in tandem with surging commodity prices, while sentiment on the Chinese yuan became positive again, a Reuters survey showed on Thursday. Sentiments on the Singapore dollar turned positive, while bearish views on South Korea’s won, the Philippine peso and Malaysian ringgit […]
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