The Indonesian economy faces gloomier skies this year as the COVID-19 pandemic has yet to show any signs of subsiding, forcing government officials, the central bank, economists and international institutions to project weaker and weaker growth as the outbreak unfolds. The Asian Development Bank (ADB) projected Indonesia’s gross domestic product (GDP) to shrink 1 percent […]
Read MoreBank Indonesia (BI) has cut its benchmark interest rate – after a two-month pause – to support economic growth, which is likely to fall to its lowest since the 1999 Asian financial crisis. The central bank slashed its benchmark interest rate, the BI seven-day reverse repo rate, by 25 basis points to 4.25 percent on […]
Read MoreJAKARTA (REUTERS) – Indonesia’s central bank on Thursday delivered its third cut to the benchmark rate this year, stepping up support for South-east Asia’s largest economy as it struggles to avoid a recession amid the broadening fallout of the coronavirus pandemic. Bank Indonesia (BI) cut the seven-day reverse repurchase rate by 25 basis points (bps) to 4.25 […]
Read MoreIndonesia’s debt will swell significantly next year as the government increases spending to help the country recover from the COVID-19 pandemic, an official has said. The Finance Ministry’s Fiscal Policy Agency head Febrio Nathan Kacaribu said that Indonesia’s debt-to-gross domestic product (GDP) ratio would swell to between 33.8 percent and 35.8 percent next year, up […]
Read MoreTHE JAKARTA POST – Low-cost carrier AirAsia Indonesia is limiting passengers to one small carry-on bag as part of its new health and safety rules. The bag should be either a laptop bag or handbag weighing a maximum seven kilogrammes with dimensions not exceeding 40 by 30 by 10 centimetres, otherwise it will be placed […]
Read MoreIndonesia’s current market rout caused by the COVID-19 pandemic has provided a lucrative entry point for investor as stocks prices are now relatively low compared with prior to the outbreak, asset manager Schroders Indonesia has said. “It’s like a sale is happening in the stock market,” Schroders Indonesia investment director Irwanti said during the webinar […]
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