Indonesia is experiencing a weakening consumer confidence in the third quarter but now fewer people think the economy is in recession, a recent survey shows.
According to Nielsen’s latest Global Consumer Confidence Survey, optimism among consumers in Southeast Asia’s largest economy went downRead more..
Bank Indonesia (BI) has held its benchmark rate after four consecutive cuts, but it is continuing its monetary easing by relaxing bank reserve requirements, which is expected to add US$1.8 billion to bank liquidity to encourage more lending and spur economic activity.
BI kept the so-called seven-day reverseRead more..
Bank Indonesia (BI) decided to maintain the seven-day reverse repo rate on Thursday at 5 percent after it cut the key rate by 25 basis points (bps) in October in a bid to boost economic growth amid rising global risks.
“With improving global and domestic economic conditions amid ongoing trade tensions,Read more..
President Joko “Jokowi” Widodo has instructed the Investment Coordinating Board (BKPM) to process all forms of licensing in a move that is expected to significantly improve Indonesia’s ranking on the World Bank’s ease of doing business index.
The instruction followed a Cabinet meeting onRead more..
To get more young Indonesians to invest in mutual funds, industry players are looking to tech-based startups, such as e-marketplace unicorns Bukalapak and Tokopedia, which have a far greater reach than brick and mortar stores.
“We are focused on developing retail investment and, given our country’sRead more..