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 govt expects 2022 inflation at 6.6% to 6.8% after fuel price hike
JAKARTA (Reuters) – Indonesia’s inflation rate for 2022 is seen at a range of 6.6% to 6.8% following a 30% increase in subsidised fuel prices over the weekend, a finance ministry official…
Indonesia inflation eases in Aug, but pressure seen from fuel price hike
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s inflation rate eased more than expected in August, official data showed on Thursday, but economists said the rate is set to accelerate…
Indonesia to see higher Q3 growth even with fuel price hike, minister says
JAKARTA (Reuters) – Indonesia’s economic growth this quarter is expected to be higher than the 5.44% rate in Q2, even with a potential fuel price hike, a senior cabinet minister said on…
Indonesia parliament approves membership of China-backed regional trade deal
JAKARTA (Reuters) – Indonesia’s parliament on Tuesday passed a law cementing the country’s membership of the China-backed Regional Comprehensive Economic Partnership (RCEP), making it the latest Southeast Asian nation to join the…
Bank Indonesia to wait one more month to pull rates lever – Reuters poll
By Anant Chandak BENGALURU (Reuters) – Bank Indonesia (BI) is expected to leave its policy rate unchanged at record lows on Tuesday, a small majority of economists estimate in a Reuters poll.…
Indonesia July trade surplus seen narrowing amid slowing global trade
JAKARTA – Indonesia’s trade surplus may have narrowed to $3.93 billion last month due to weakening export performance as global trade activity slows, according to economists polled by Reuters. Southeast Asia’s biggest…
Indonesia FX reserves drop to $132.2 billion in July, central bank remains buoyant
JAKARTA -Indonesia’s foreign exchange reserves fell the most in a month since the start of the pandemic, Bank Indonesia (BI) data showed on Friday, as the central bank pledged to intervene in…
Indonesia opens temporary access to PayPal after blocking sparks backlash
JAKARTA – Indonesia temporarily opened access to online payment firm PayPal to allow users to access their money, a senior official said on Sunday, after the country’s blocking of some online services…
China, Indonesia to enhance bilateral trade, deepen cooperation
BEIJING – China and Indonesia will enhance the scale of bilateral trade and further expand cooperation in areas including agriculture and food security, the Chinese foreign ministry said after a meeting of…
Indonesia central bank says to ensure QE-era bond sales do not disrupt market
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA – Indonesia’s central bank said a plan to sell billions of dollars worth of bonds bought during the pandemic would be conducted carefully, after analysts…
Indonesia seeks to crack down on “unhealthy” peer-to-peer lenders
JAKARTA – Indonesia has launched a crackdown on peer-to-peer (P2P) lenders through a new regulation and capital requirements, in a move that industry sources say should help clean up a booming online…
Vale Indonesia, China’s Huayou sign agreement with Ford for nickel plant
JAKARTA – Nickel miner Vale Indonesia, China’s Zhejiang Huayou Cobalt and U.S. car maker Ford Motor signed a non-binding memorandum of cooperation to build a plant in Indonesia to extract nickel chemicals,…
Indonesia central bank holds policy rate, will lift longer short-term yields
By Gayatri Suroyo and Fransiska Nangoy JAKARTA – Indonesia’s central bank left its policy interest rate unchanged at a record low on Thursday but said it would lift yields on other short-term…
Indonesia central bank gov asks frayed G20 to stay focused on goals
NUSA DUA, Indonesia – Indonesia central bank governor Perry Warjiyo on Saturday urged G20 members to remain focused on goals as the finance chiefs’ meeting in Bali remained overshadowed by Russia’s war…
Indonesia June trade surplus seen widening after palm oil exports resume – Reuters poll
JAKARTA – Indonesia’s trade surplus likely widened to $3.52 billion last month, boosted by the lifting of a three-week palm oil export ban, according to economists polled by Reuters, although some still…
China agrees to invest $3 billion in Indonesia sovereign wealth fund
JAKARTA – China’s Silk Road Fund (SRF) has signed an agreement to invest up to 20 billion yuan ($2.99 billion) in Indonesia’s sovereign wealth fund, the funds said on Monday, a deal…
Garuda Indonesia halves debt with restructuring, on track for profit – government
JAKARTA – Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for profitability, the Indonesian government said on Tuesday.…
Indonesia central bank stays on hold, monitoring inflation risks
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA – Indonesia’s central bank left interest rates at a record low on Thursday, saying it was monitoring risks from rising inflation while downplaying recent pressure…
Bank Indonesia to hold rates in June but start hiking next quarter
By Arsh Tushar Mogre and Shaloo Shrivastava BENGALURU -Bank Indonesia will leave its key interest rate steady at 3.50% on Thursday but over one-quarter of economists in a Reuters poll expect a…
Indonesia looks to plug shortage of chicken supplies in Singapore
By Chen Lin and Bernadette Christina SINGAPORE/JAKARTA – Indonesian authorities hope to reach an agreement with Singapore to start exporting chickens within weeks, officials said, as the city-state scrambles to find alternative…
Indonesia to cut maximum palm oil export tax and levy to a combined $488/T – trade minister
By Stefanno Sulaiman JAKARTA – Indonesia Trade Minister Muhammad Lutfi said on Tuesday the government would bring down its combined maximum crude palm oil export and levy rate to $488 per tonne…
Australia says Indonesia trip shows importance of bilateral relationship
SYDNEY – Australian Prime Minister Anthony Albanese said on Sunday his trip to Indonesia just over two weeks after he was elected showed the importance his new government places on ties between…
HSBC weighs IPO of Indonesia business – Bloomberg News
(Reuters) – HSBC Holdings PLC is considering an initial public offering of its Indonesian business, as the bank aims to target the growing investment demand in the country, Bloomberg news reported on…
Indonesia has no plan to reduce palm oil in biodiesel mix – minister
By Divya Chowdhury DAVOS, Switzerland – Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30% in order to ensure the country’s energy…
Bank Indonesia to pull rates lever in Q3, June move possible: Reuters Poll
By Devayani Sathyan BENGALURU – Bank Indonesia will wait a few more months to raise rates from a record low despite rising inflation and aggressive moves by the U.S. Federal Reserve, according…
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