ADB Approves US$ 500 Million Loan for Indonesia's Energy …
WEB3 days ago · The Asian Development Bank (ADB) said on Friday it has approved a $500 million policy-based loan to Indonesia to fund a program designed to help its energy transition efforts. Resource-rich Indonesia, which is aiming for net-zero carbon emissions by 2060, has been trying to reduce the use of coal with …
Oil Climbs on Middle East Escalation Fears, US Fed Rate Cut
WEB18 hours ago · Oil prices rose on Monday, buoyed by concerns that heightened conflict in the Middle East may curtail regional supply and expectations last week's outsized U.S. interest rate cut will support demand. Brent crude futures for November were up 22 cents, or 0.3% at $74.71 a barrel at 0705 GMT. U.S. crude futures for …
Indonesia's Tax Agency Probes Alleged Personal Data Breach
WEB4 days ago · CYBER CRIME - JAKARTA. Indonesia's tax agency is investigating an alleged data breach that exposed the taxpayer identification numbers of millions of Indonesians, including President Joko "Jokowi" Widodo, his ministers and his two sons, an official said. A series of cyber-attacks have hit Indonesian companies and government agencies in …
Indonesia's Central Bank Delivers Surprise Rate Cut
WEB5 days ago · BI RATE - JAKARTA. Indonesia's central bank delivered its first rate cut in more than three years on Wednesday, opting to move hours ahead of the widely expected start of the U.S. Federal Reserve's easing cycle in a bid to bolster growth in Southeast Asia's largest economy. Bank Indonesia (BI) unexpectedly trimmed …
Indonesia's Trade Surplus Beat Forecast in August
WEB6 days ago · TRADE BALANCE - JAKARTA. Indonesia booked a bigger-than-expected trade surplus in August as exports and imports beat forecasts, official data showed on Tuesday. The country reported a surplus of US$ 2.89 billion last month, compared with US$ 1.96 billion expected in a Reuters poll.
Indonesia Parliamentary Body Approves Higher Spending for …
WEB6 days ago · Indonesia's key parliamentary budget committee approved on Tuesday increased spending for the incoming government of President-elect Prabowo Subianto, who is set to take office next month. The committee approved a 6% rise in spending to 3,621.31 trillion rupiah ($236.2 billion), versus an estimate …
Indonesian Foreign Exchange Reserves Expected to Strengthen in …
WEBAug 22, 2024 · Indonesia's foreign exchange reserves are projected to strengthen in August 2024, driven by the strengthening of the rupiah exchange rate and a current account deficit (CAD) that remains within the Bank of Indonesia's (BI) target range. The rupiah exchange rate is currently on a strengthening trend and comfortably sits below Rp 16,000 per US ...
Indonesian Leader Spends Final Weeks of His Term in Unfinished …
WEBSep 12, 2024 · Indonesian President Joko Widodo will from Thursday spend the final weeks of his term in the country's planned new capital, Nusantara, amid doubts about the continued pace of development of his flagship $32 billion megaproject. The massive infrastructure undertaking on the island of Borneo has suffered a …
Indonesia Central Bank Keeps Rates Steady, Focuses on Stabilizing …
WEBAug 21, 2024 · Indonesia's central bank on Wednesday held interest rates steady, as expected, preferring to focus on stabilizing the rupiah before possibly easing rates later this year. Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate at 6.25%, where it has been since April, as expected by all 30 economists polled by Reuters.
Indonesia Q1 GDP Growth Beats Expectation at 5.03% Year on Year
WEBMay 5, 2023 · Gross domestic product (GDP) expanded 5.03% in the first three months from a year earlier, quicker than the median forecast of 4.95% in a Reuters poll and slightly above the 5.01% growth in the fourth quarter. Indonesia's post-pandemic recovery has been helped by a commodities-led export boom, though analysts expect …