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 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 aggressively four months ago. He told a…
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 minister said on Tuesday. Coordinating Minister of…
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 recover from the impact of the COVID-19…
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 face market volatility and a weakening global…
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 (BI) governor told a parliamentary hearing…
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 majority of economists polled by Reuters, although…
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 Reuters poll showed on Monday. Exports from…
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, including a $2.5 billion agreement between ExxonMobil…
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 might help global economic recovery. “We hope…
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 conference ahead of the G20 summit on…
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 of Commerce told CNBC Indonesia on Saturday.…
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 Asian country, Indonesia Coordinating Minister for Economic…
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 after the country banned nickel ore exports,…
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 billion project to build a new capital…
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 up with its peers and curb inflation…
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 growth, a Reuters poll showed on Friday.…
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 will be fully connected next year.…
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 and 180 were injured after a crowd…
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 on intervening in the domestic nondeliverable forward…
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 currency, a senior official said on Monday.…
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 rein in inflation after the government raised…
China’s Aug coal imports from Russia, Indonesia soar as heatwave spurs power use
SINGAPORE (Reuters) -China’s coal imports from Russia rose in August, exceeding last month’s level and hitting the highest in at least five years, as power utilities in the world’s biggest coal consumer…
Indonesia to raise rates by another 25 bps in Sept, some call for 50 bps: Reuters poll
By Anant Chandak BENGALURU (Reuters) – Bank Indonesia will follow a surprise August interest rate rise with another 25 basis point hike at its meeting on Thursday, still moving more slowly than…
Hundreds evacuated in west Indonesia after magnitude 6.1 earthquake
JAKARTA (Reuters) -About 200 people evacuated to higher ground after an earthquake of magnitude 6.1 struck islands in western Indonesia on Sunday, causing some property damage, the country’s disaster mitigation agency BNPB…
Indonesia to extend loan relief for some pandemic-hit sectors
JAKARTA (Reuters) – Indonesia’s financial regulator plans to extend regulations for loan forbearance for some sectors that have yet to recover from the impact of the COVID-19 pandemic beyond a March 2023…
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