After ASEAN, one of the countries interested in the cooperation is Saudi Arabia Jakarta (ANTARA) – Bank Indonesia (BI) is exploring the cooperation of inter-country quick response (QR) with the central bank of Malaysia, Bank Negara after intensifying similar cooperation with Thailand recently. “We are sitting together closely with Malaysia,” BI’s Payment System Policy Department […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) Governor Perry Warjiyo believed the Central Bank Digital Currency (CBDC) or digital rupiah will bring many positive impacts on the economy, particularly on the country’s payment system. He said there were at least three benefits of digital rupiah. First, it will promote efficiency due to its circulation via digital blockchain technology platforms and distributed […]
Read MoreThe macroeconomic assumptions of a recently released 2022 state budget draft reflect the expectation that Indonesia’s economy will largely return to pre-pandemic conditions by 2022, a postponement of predictions outlined in the 2021 budget. The 2022 draft presumes that some key macroeconomic indicators such as gross domestic product (GDP) growth, the inflation rate and the […]
Read MoreBank Indonesia and the Bank of Thailand launched a cross-border QR payment linkage on Tuesday, under which consumers and merchants in both Indonesia and Thailand can make and accept instant cross-border QR payments for goods and services. This connection is the first to link retail payment system operators in both countries. It also marks a […]
Read MoreFor the 2021 national economic recovery program, we have made adjustment in early July, especially with the enforcement of PPKM (Community Activities Restriction) level 4 and 3 in Java and Bali Jakarta (ANTARA) – Some Rp320.35 trillion (US$23 billion) of the national economic recovery budget, or 43 percent of the budgeted Rp744.77 trillion (US$53 billion) […]
Read More[JAKARTA] Indonesia’s trade surplus widened slightly more than expected in July as growth in exports and imports slowed, data from the statistics bureau showed on Wednesday, as the country imposed mobility restrictions to control a spike in Covid-19 cases. Exports grew 29.32 per cent on a yearly basis to US$17.70 billion, the lowest rise since […]
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