BENGALURU : Indonesia’s central bank will raise rates faster than thought just a month ago as concerns mount about a weaker rupiah as the Federal Reserve gears up to increase its own interest rate next month amid soaring U.S. inflation, a Reuters poll showed. But unlike many major economies, Indonesian inflation has largely remained benign, […]
Read MoreINDONESIA’S economic growth quickened in the final quarter of 2021, powered by resurgent domestic demand and the global commodity boom even as a virus resurgence looms. Gross domestic product (GDP) in the three months through December grew 5.02 per cent from a year earlier, the country’s statistics agency said on Monday (Feb 7), against the […]
Read More[JAKARTA] Indonesia has temporarily banned foreign tourists entering the country through Jakarta’s airport, the transport ministry said, in a bid to slow a spike in coronavirus infections driven by the Omicron variant. The South-east Asian country has seen a jump in cases, with more than 36,000 infections recorded on Sunday (Feb 6) and the bed […]
Read MoreJAKARTA, Indonesia — Indonesia’s economy returned to growth last year as surging commodity prices helped drive a recovery from a coronavirus-triggered recession, data showed Monday, though officials warned the outlook depended on how well the fast-spreading Omicron variant is managed. Southeast Asia’s biggest economy expanded 3.69 percent on-year, the country’s statistics agency said, having contracted […]
Read MoreBy Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s economic growth accelerated in the final quarter of last year as consumption perked up following the easing of anti-virus mobility restrictions and as stronger commodity prices pushed exports to record highs. Southeast Asia’s largest economy grew 5.02% on a yearly basis in the October-December quarter, compared […]
Read MoreGDP accelerated in Q4 to pre-pandemic level, but COVID fear remains for 2022 JAKARTA — Indonesia’s economy returned to growth in 2021, rebounding from its first contraction in two decades the year before as coronavirus-induced restrictions eased and business got back into gear. The gross domestic product of Southeast Asia’s largest economy climbed 3.69% from […]
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