Bank Indonesia (BI) is requiring banks to buy government bonds after cutting banks’ reserve ratio further, providing the financial system with Rp 102 trillion (US$6.54 billion) in liquidity in a move that is expected to help the state fund the coronavirus battle.
BI Governor Perry Warjiyo said a recentRead more..
The IMF and World Bank have aggressively pushed out financing to help countries deal with the health and economic impacts of the coronavirus pandemic.
Here is a summary of the financing available from the Washington-based development lenders:
Regular lending capacity
All members of the InternationalRead more..
The government is seeking to speed up the development of the super-priority tourist destination Lake Toba in North Sumatra as a part of its broader efforts to attract foreign and domestic tourists.
Speaking during a virtual coordination meeting, Coordinating Maritime and Investment Minister LuhutRead more..
State revenue is expected to nosedive this year as the government rolls out tax incentives, including corporate income tax cuts, amid the COVID-19 outbreak that has triggered declines in commodity prices and business output.
Finance Minister Sri Mulyani Indrawati said on Monday that the state revenue wouldRead more..
Emerging-market currencies beaten down by COVID-19 fallout may face a fresh round of selling ahead of the foreign-exchange reserves data that are expected to show big drawdowns.
Mexico’s weekly data is set to come out on Tuesday, along with figures from Indonesia, Taiwan, the Philippines, China, Malaysia,Read more..