Indonesia sees FDI worth $47 billion in 2023 – investment ministry
JAKARTA (Reuters) – Indonesia recorded a total of 744 trillion rupiah ($47.34 billion) of foreign direct investment last year, up 13.7% on an annual basis, the investment ministry said on Wednesday. However,…
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 of Borneo island would not stall when…
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 that calls for the 2024 presidential and…
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 a letter to investors. The agency known…
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 monetary tightening would strengthen the dollar his…
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 for his release continue, a top security…
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, senior officials said on Monday, as President…
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 Ireland-based lessors Greylag 1410 and 1446. Garuda,…
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 New Zealand pilot held hostage by separatists,…
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 and stressing that the current level should…
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 small commercial plane alight when it landed…
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 that authorities suspect may have caused deaths…
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 said on Thursday. Minister Airlangga Hartarto said…
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, a top government official was cited by…
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 the Southeast Asian country, a senior cabinet…
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 previous three months, according to a presentation…
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 set to squeeze global vegetable oil supplies…
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 instruments, its financial regulator said on Monday,…
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 a monetary policy decision in Indonesia should…
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 said on Wednesday, ahead of a monetary…
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 a more modest quarter-point interest rate hike…
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 on Thursday. November imports were down 1.89%…
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 Friday, as the country launches at least…
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 said on Wednesday. Patek, a member of…
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, just as the island destination gets back…
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 said on Tuesday. B35 is a fuel…
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