[JAKARTA] Indonesia’s central bank raised its benchmark interest rate for the second time in two weeks on Wednesday and signalled more increases might come as it seeks to bolster the rupiah and contain capital outflows amid an emerging market sell-off. The board of governors lifted Bank Indonesia’s (BI) key rate by 25 basis points to […]
Read MoreFinance Minister Sri Mulyani Indrawati says the ministry is lowering its economic projection, which is in a rage of 5.17 to 5.4 percent, compared to the 5.4 percent economic growth projected in the 2018 state budget. This Finance Ministry’s projection is lower than that of Bank Indonesia’s (BI), which is 5.2 percent. “If BI sees […]
Read MoreEnergy and Mineral Resources Minister Ignasius Jonan has knocked on the doors of foreign counterparts in Scandinavian countries as part of Indonesia’s efforts to meet the target of having a 23 percent renewable energy mix. Last week, Jonan met Danish Prime Minister Lars Lokke Rasmussen to propose cooperation in renewable energy on the sidelines of the 2018 […]
Read MorePresident Joko “Jokowi” Widodo has reportedly given his approval for a revised presidential regulation ensuring the supply of Premium-branded gasoline in Java, Madura and Bali, regions where the fuel was previously phased out. The revision of Presidential Regulation No. 191/2014 has been labeled as a politically motivated move ahead of the presidential election next year. […]
Read MoreDays after the inauguration of Bank Indonesia Governor Perry Warjiyo, the BI board of governors will meet on Wednesday to discuss the latest economic and monetary issues. Perry said in Jakarta over the weekend that the board of governors would continue holding its monthly meeting in the third week of each month, but additional […]
Read MoreFinance Minister Sri Mulyani Indrawati said the significant increase of the Idul Fitri Holiday bonus for civil servants, military personnel, police officers and pensioners would increase consumption, particularly in middle-class households. She said in Jakarta on Thursday that the government had tried to improve purchasing power for low-income families through several social programs, including village-fund […]
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