Bank Indonesia intervened in spot foreign currency trading as well as domestic non-deliverable forward and bond markets on Monday to stabilize the rupiah, an official said, as the currency fell 0.5 percent to the weakest since mid-January.
“BI is making sure of rupiah’s stability,” NanangRead more..
The Indonesia Stock Exchange (IDX) has temporarily halted the trading of stocks in five businesses that have been implicated in the investigation into the alleged corruption at state-owned insurance company PT Asuransi Jiwasraya.
In a statement obtained by The Jakarta Post onRead more..
Indonesia’s oil and gas industry will continue to face challenges this year as the government projects lower crude oil prices, production and investment while demand continues to grow.
The government projects this year’s oil and gas production rate to reach 1.95 million barrels of oil equivalent perRead more..
The International Monetary Fund (IMF) has trimmed its economic growth prospects for ASEAN-5 countries, including Indonesia, because of exports
After slowing to 4.7 percent in 2019 from the IMF’s October projection of 4.8 percent, growth in the ASEAN-5 is projected to remain stable in 2020 before pickingRead more..
Bank Indonesia (BI) expects the January inflation rate to remain low, despite an increase in food prices as a result of major flooding in many parts of the country.
BI Governor Perry Warjiyo estimated a 0.41 percent month-to-month (mtm) increase in the January inflation, "theRead more..