Indonesia’s gross domestic product (GDP) will grow at zero percent this year as the global economy is expected to see its deepest downturn since the Second World War, the World Bank has forecast.
Southeast Asia’s biggest economy will see its weakest economic performance since the 1998 AsianRead more..
With a full three months of responding to a global pandemic under their belt, United States Federal Reserve officials have united around one point: lasting progress on the economic front will be dictated by success in containing the spread of the coronavirus.
But agreement beyond that may be elusive as FedRead more..
Several ailing state-owned enterprises (SOEs) are still in the dark over how to raise funds to finance their operations and pay debts despite trillions of rupiah worth of government guarantees.
State-owned flag carrier Garuda Indonesia president director Irfan Setiaputra said the company was in talksRead more..
The dollar was on the defensive on Tuesday as investors stuck to hopes of a global economic recovery despite heightened concerns over US-China tensions and mass protests in many US cities over the death of a black man in police custody.
The US dollar’s index against a basket of six majorRead more..
Indonesia booked record low inflation in May leading up to Idul Fitri as the COVID-19 outbreak upended demand and reined in consumer spending, Statistics Indonesia (BPS) announced Tuesday.
The consumer price index (CPI) stood at 0.07 percent in May, the lowest in 20 years and lower than the 0.55 percentRead more..