Bank Indonesia (BI) expects the rupiah to strengthen further next year to around Rp 13,700 to Rp 14,300 per United States dollar on the back of domestic economic recovery starting in the third quarter this year. BI Governor Perry Warjiyo said Monday the rupiah remained “fundamentally undervalued” and would strengthen further to reflect its fundamentals, citing […]
Read MoreThe nation’s high unemployment rate is expected to worsen and continue into next year as the country braces for further economic consequences of the COVID-19 crisis, senior government officials said on Monday. Some 5.5 million people may lose their jobs this year, pushing the unemployment rate to between 8.1 and 9.2 percent, up from 5.28 […]
Read MoreThe nation’s high unemployment rate is expected to worsen and continue into next year as the country braces for further economic consequences of the COVID-19 crisis, senior government officials said on Monday. Some 5.5 million people may lose their jobs this year, pushing the unemployment rate to between 8.1 and 9.2 percent, up from 5.28 […]
Read MoreThe World Bank has called on Indonesia to carry out reforms, especially on tax and subsidies, to improve the quality of its public spending. In its “Indonesia Public Expenditure Review” report published on Monday, the global financial institution said the country currently faced several constraints that prevented it achieving quality spending to close the gap between human […]
Read MoreIndonesian asset managers are expressing a preference for bonds amid crisis-driven market volatility, suggesting that investors gradually enter the market before the economy starts to pick up. Bonds, especially government bonds, are considered relatively low risk and have become attractive to investors as interest rates fall. “Sovereign debt gives quite a good return relative to […]
Read MoreThe Indonesian Financing Firms Association (APPI) predicts the multifinance sector will begin to recover by next year, driven by automotive financing, with consumers expected to prioritize health and safety in the post-pandemic era. APPI chairman Suwandi Wiratno said on June 16 that automotive financing – the largest market of all financing types in the country […]
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Thailand
