Statistics Indonesia (BPS) announced on Monday that the country recorded a trade surplus of US$230 million in September following month-to-month (mtm) deficits — $1.02 billion in August and $2.03 billion in July. In September, both imports and exports declined. Exports decreased 6.58 percent mtm to $14.83 billion in September, from the figure in August, which was recorded […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) Governor Perry Warjiyo said the decline in import, particularly in the oil and gas sector, in September, showed the results of BI and the government’s efforts to reduce the current account deficit in recent times. “There are early signs that lead to better improvement,” Perry said at the Parliament Complex, Jakarta, Monday, […]
Read MoreCoordinating Economic Minister Darmin Nasution said on Thursday the government would soon hold a meeting to decide on whether it will increase the price of the subsidized Premium-branded gasoline after the issue sparked controversy on Wednesday. Energy and Mineral Resources Minister Ignasius Jonan announced the price increase of Premium gasoline starting on Wednesday, but less […]
Read MorePresident Joko “Jokowi” Widodo and Singaporean Prime Minister Lee Hsien Loong have agreed that Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) would have a currency swap agreement in facing the global uncertainty. The agreement was announced when the leaders met in Bali on Thursday. “Amid the global financial market uncertainty, cooperation is […]
Read MoreIndonesia has a blunt message for the U.S. Federal Reserve’s Jerome Powell and other global financial chiefs gathering in Bali this week: be mindful of the effects of your policies on emerging economies. Even though authorities in the Southeast Asian nation are taking the right steps to stabilize the currency and keep deficits on the […]
Read MoreMore than one month into mandatory use of a B20 biodiesel blend, the Energy and Mineral Resources Ministry has admitted that several issues are hampering the effort. The ministry’s energy conservation and renewable energy director general, Rida Mulyana, underlined two main issues — logistics and transportations – particularly because state-owned oil and gas holding company Pertamina demanded […]
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