Bank Indonesia forecast to hold rates at 5.75% for rest of 2023
By Sujith Pai and Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Bank Indonesia is expected to keep its key interest rate unchanged at 5.75% for …
Indonesia
Indonesia lowers VAT on electric vehicles to 1%
JAKARTA (Reuters) – Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a …
Indonesia sets aside $455 million to subsidise electric motorcycle sales
JAKARTA (Reuters) – Indonesia will allocate 7 trillion rupiah ($455.88 million) in state funds to subsidise electric motorcycle sales through 2024, officials said on Monday, …
Singapore to work with Indonesia, ASEAN, UN to push Myanmar peace plan – PM
SINGAPORE (Reuters) – Singapore Prime Minister Lee Hsien Loong said on Thursday the city-state would work with Indonesia and other Southeast Asian countries, as well …
Indonesia dismisses concerns over $32 billion capital city project, unveils incentives
By Stefanno Sulaiman SEPAKU, Indonesia (Reuters) – A top Indonesian official pledged on Wednesday that construction on a new capital city deep within the jungles …
Indonesia leader backs election body appeal against court ruling calling for poll delay
JAKARTA (Reuters) – Indonesia’s President Joko Widodo said on Monday he supports the country’s election commission in mounting an appeal against a controversial court ruling …
Indonesia to scrap pandemic-era trading restrictions at end-March – regulator
JAKARTA (Reuters) – Indonesia’s financial services authority will ease some pandemic-era rules for the stock market, including on trading hours and short-selling, it said in …
Indonesia central bank: U.S. rates may rise further; stance on local rates stays
JAKARTA (Reuters) – Bank Indonesia Governor Perry Warjiyo said on Thursday the Federal Reserve may continue raising U.S. interest rates until June, but while the …
Indonesia vows restraint as troops surround separatists holding NZ pilot
JAKARTA (Reuters) – Security forces in Indonesia’s restive Papua region have surrounded separatists holding captive a New Zealand pilot, but will exercise restraint while negotiations …
Indonesia plans to narrow 2024 fiscal deficit, sees higher GDP growth
JAKARTA (Reuters) – Indonesia expects to bring its budget to a narrower fiscal deficit next year, even as its economic growth is predicted to accelerate, …
Garuda Indonesia wins lawsuit in Paris court against lessors
JAKARTA (Reuters) – State flag carrier Garuda Indonesia said in a statement on Thursday it had won a lawsuit in Paris civil court against two …
Indonesia military ready for operation to free NZ pilot, if talks fail
JAKARTA (Reuters) – An Indonesian military commander in its restive Papua region on Thursday said a “law enforcement operation” was being prepared to free a …
Indonesia central bank holds rates after months of hikes, plays down need for more tightening
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s central bank kept its key interest rate unchanged on Thursday, pausing after six consecutive hikes …
New Zealand pilot taken hostage in Indonesia – Papuan rebel group
By Kate Lamb and Ananda Teresia JAKARTA (Reuters) – Separatist fighters in Indonesia’s Papua region have taken a New Zealand pilot hostage after setting a …
Indonesia finds local trader forged ingredient label in probe of cough syrup deaths
JAKARTA (Reuters) – Indonesian police said on Monday a local trader of industrial-grade chemicals sold them as pharmaceutical-grade, leading to their use in medicated syrups …
Indonesia formulates incentives to keep FX earnings onshore – minister
JAKARTA (Reuters) – Indonesia is formulating incentives for exporters to keep their foreign exchange earnings onshore for at least three months, the chief economics minister …
Indonesia to make exporters hold FX earnings onshore for 3 months -media
JAKARTA (Reuters) – Indonesia plans to introduce a requirement for exporters to keep their foreign exchange earnings in the local banking industry for three months, …
Indonesia close to EV deals with BYD Group and Tesla – minister
JAKARTA (Reuters) – Indonesia is finalising agreements with China’s automaker BYD Group and U.S. carmaker Tesla to invest in electric vehicle (EV) production facilities in …
Indonesia central bank sees 2022 Q4 GDP growth at 4.81%
JAKARTA (Reuters) – Indonesia’s economic growth in the fourth quarter of 2022 may have slowed to 4.81% on a yearly basis, from 5.72% in the …
Indonesia palm oil export curbs, biodiesel plans to hit world vegoil supplies
By Naveen Thukral and Bernadette Christina SINGAPORE/JAKARTA (Reuters) -A move by top palm oil exporter Indonesia to restrict shipments and boost domestic biodiesel consumption is …
Indonesia eyes $11 billion in capital market fundraising this year
JAKARTA (Reuters) – Indonesia is targeting 170 trillion rupiah ($10.92 billion) in capital market fundraising for this year, including from initial public offerings and debt …
Marketmind: Will Indonesia follow the Fed?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A decent sprinkling of regional economic data and …
Indonesia central bank sees 2022 inflation at 5.4%, 2023’s at around 3%
JAKARTA (Reuters) – Indonesia’s December inflation rate is seen at 5.4%, but it would ease next year to around 3%, central bank governor Perry Warjiyo …
Bank Indonesia seen reducing rate hikes to modest 25bps on Dec. 22- Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Cooling inflation and a more resilient rupiah currrency is expected to give Bank Indonesia enough comfort to opt for …
Indonesia books bigger-than-expected Nov trade surplus of $5.2 billion
JAKARTA (Reuters) – Indonesia posted a larger-than-expected trade surplus last month, as imports unexpectedly contracted on a yearly basis while exports slowed, official data showed …
Indonesia must be more open over coal power shutdown plans -IEEFA
JAKARTA (Reuters) – Indonesia needs to improve transparency of its power plant shutdown plans, the Institute for Energy Economics and Financial Analysis (IEEFA) said on …
Indonesia releases on parole Bali bomb maker Umar Patek – statement
JAKARTA (Reuters) – Indonesia has released on parole Umar Patek, a bomb maker in deadly 2002 Bali attacks, the ministry of law and human rights …
Tourists ‘think twice’ about Indonesia following criminal code revisions
KUTA, Indonesia (Reuters) – Indonesia’s decision to outlaw cohabitation and sex outside of marriage may hurt the tourism industry in Bali, travelers and businesses said, …
Indonesia govt to create a mechanism for rollout of B35 biodiesel policy
JAKARTA (Reuters) – Indonesia’s president has asked the government to create a mechanism next year to ensure the rollout of B35 biodiesel, a senior minister …
Indonesia inflation expectations coming down near central bank’s forecast – gov
(Reuters) – Indonesia’s central bank governor Perry Warjiyo said on Friday inflation expectations were coming down rapidly after Bank Indonesia (BI) started hiking interest rates …
Indonesia plans to subsidise EV sales next year
JAKARTA (Reuters) – Indonesia plans to subsidise sales of electric cars and motorbikes starting next year so that they become more affordable, a senior government …
Indonesia extends loan relief for some pandemic-hit sectors
JAKARTA (Reuters) – Indonesia has extended loan forbearance for businesses such as accommodation as well as the textile and footwear industries that are yet to …
Indonesia to use excess budget cash to rein in 2023 borrowing
JAKARTA (Reuters) – Indonesia will accumulate excess cash in this year’s budget and use it to help reduce borrowing in 2023, when it expects to …
Indonesia 2023 GDP growth may slow to 4.4% – central bank
JAKARTA (Reuters) – Indonesia’s annual economic growth may slow to 4.37% next year partly due to the impact of domestic monetary tightening, the country’s central …
Bank Indonesia to deliver third straight 50 bps hike on Nov. 17- Reuters poll
By Anant Chandak BENGALURU (Reuters) – Bank Indonesia will deliver a third consecutive 50 basis point interest rate rise on Thursday, according to a strong …
Indonesia Oct trade surplus seen at $4.5 billion as global trade weakens- Reuters poll
JAKARTA (Reuters) – Indonesia’s trade surplus is seen narrowing slightly in October to $4.5 billion, amid weakening in global trade and moderating commodity prices, a …
U.S. president unveils investments in Indonesia carbon capture, transport
NUSA DUA, Indonesia (Reuters) – U.S. President Joe Biden on Monday announced a number of investments in Indonesia spanning areas like climate and food security, …
Indonesia expects G20 to deliver concrete outcomes for global economic recovery
JAKARTA (Reuters) – Indonesia’s President Joko Widodo told U.S. President Joe Biden on Monday that he expected the G20 summit to deliver concrete partnerships that …
Indonesia 2022 GDP seen expanding 5.4% -chief econ minister
NUSA DUA, Indonesia (Reuters) – Indonesia’s economy is expected to grow 5.4% in 2022 on a yearly basis, its chief economic minister told a business …
Musk to join G20 summit in Indonesia virtually – CNBC Indonesia
NUSA DUA, Indonesia (Reuters) -Elon Musk will join the G20 summit in Indonesia’s Bali virtually rather than in person, an official from the Indonesian Chamber …
Ford, Hyundai discussing EV investments with Indonesia – Indonesian minister
DETROIT (Reuters) – Indonesia is in discussions with Ford Motor Co and Hyundai Motor Co to establish operations related to electric vehicles in the Southeast …
Indonesia exports could hit $300 billion by 2024, spurred by resource ‘downstreaming’
By Fransiska Nangoy and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s exports could hit a record $280 billion this year, with nickel-based steel shipments rising sharply …
Indonesia to offer tax holiday to companies investing in new capital
By Stanley Widianto and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia will offer generous incentives, including a 30-year tax break, for companies investing in a $32 …
Bank Indonesia playing catch-up, to deliver another 50 bps rate hike on Thursday: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Bank Indonesia (BI) will deliver a second successive half-point interest rate hike on Thursday in an attempt to catch …
Indonesia Sept trade surplus seen at $4.8 billion as exports slow – Reuters Poll
JAKARTA (Reuters) – Indonesia’s trade surplus likely remained elevated in September, albeit below the level recorded in the previous month, amid a slowdown in export …
Indonesia central bank says cross border payments will be connected in 5 ASEAN countries next year
JAKARTA (Reuters) – Indonesia’s central bank governor said on Wednesday the cross border payment program between five ASEAN countries, namely Thailand, Singapore, Malaysia, Philippines and …
Indonesia police say 127 people killed after stampede at football match
(Corrects spelling of ‘police’ in first paragraph) JAKARTA (Reuters) – Indonesia’s police chief in East Java province said on Sunday that 127 people had died …
Indonesia central bank guarding against excessive rupiah falls -official
JAKARTA (Reuters) – Indonesia’s central bank has continued with its “triple intervention” to guard against excessive falls in the rupiah exchange rate, with a focus …
Indonesia central bank remains in FX market to prevent excessive rupiah fall – official
JAKARTA (Reuters) – Indonesia’s central bank is always in the foreign market with its “triple intervention” measures to prevent any excessive fall in the rupiah …
Indonesia central bank raises rates by 50 bps to head off inflation risks
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s central bank increased interest rates by more than expected on Thursday as it sought to …