[JAKARTA] The global slowdown and trade war have created an environment in which “low interest rates for longer” is the new normal, Bank Indonesia governor Perry Warjiyo said. The US-China trade war “isn’t helping anybody” and only serves as a reminder that “if you prolong the game of thrones, the kingdom will fall apart”, Mr […]
Read MoreIndonesia is keen to strengthen bilateral relations with Myanmar and channel more investments into the country, to Indonesian Ambassador Iza Fadri told The Myanmar Times at the sidelines of a diplomatic reception on Myanmar-Indonesia relations, trade development and future outlook in Yangon last week. To celebrate the 70th anniversary of Indonesia-Myanmar diplomatic relations, the Indonesian embassy in […]
Read MoreJAKARTA: Indonesia’s central bank cut its key interest rate for a fourth straight month to spur the economy amid a deteriorating outlook for global growth. Bank Indonesia lowered the seven-day reverse repurchase rate by 25 basis points to 5% Thursday, as predicted by 23 out of 30 economists surveyed by Bloomberg. The rest had forecast […]
Read MoreBank Indonesia (BI) has cut the nation’s benchmark interest rate for the fourth month in a row to the lowest level in 17 months, citing the need to stoke economic growth amid rising global risks. The central bank cut the 7 Day Reverse Repo Rate ( 7DRRR ) by 25 basis points (bps) to 5 […]
Read MoreThe newly appointed Industry Minister Agus Gumiwang Kartasasmita is to focus on the development of industrial zones and to increase exports of manufacturing goods during his five-year working term. In addition to increasing exports, he said he also plans to reduce imports of consumer goods and to promote import-substitution industrialization to reduce the country’s current […]
Read MoreIndonesia’s ranking in the World Bank’s Ease of Doing Business (EODB) index has remained stagnant at 73rd despite efforts to attract investment by removing unfriendly regulations. The country’s ranking in the 2020 EODB index cuts against President Joko “Jokowi” Widodo’s target for Indonesia to be ranked 40th next year. According to the report, released on Thursday by […]
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