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Bank Indonesia says too early to discuss rate cuts

CEBU, Philippines : It’s too early for Indonesia’s central bank to consider cutting interest rates, a member of the bank’s board of governors said on Monday, even as the country’s inflation eases but concerns over slowing growth mount as exports slow. Bank Indonesia (BI) has kept policy rates unchanged since its last rate hike in […]

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Indonesia tax cut drives electric car sales for Hyundai, Wuling

JAKARTA, May 10 (Reuters) – Sales of electric cars in Indonesia jumped last month after the government launched tax incentives, auto executives said, in an early sign that electric vehicle (EV) adoption is gaining traction in Southeast Asia’s largest economy. Effective from April, Indonesia cut the value-added tax (VAT) on electric cars from 11% to just 1%, […]

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Indonesia: Sri Mulyani Forecasts 2023 Economic Growth to Exceed 5%

TEMPO.CO, Jakarta – Indonesian Finance Minister Sri Mulyani Indrawati estimated that the country’s economic growth in 2023 will remain strong and even has the opportunity to grow above 5 percent. For the first quarter of 2023, she explained, the figure reached 5.03 percent, better than the fourth quarter of 2022 which was 5.01 percent. “It’s triggered by the […]

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