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WEBFinancial market, policy, event, macroeconomic, and corporate news from Indonesia
ADB Approves US$ 500 Million Loan for Indonesia's Energy …
WEBSep 20, 2024 · 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 …
Gold, Silver Head for Weekly Gains on Rate Cut-Fuelled Rally
WEB1 day ago · GOLD - JAKARTA. Gold and silver prices retreated on Friday, but were positioned for weekly gains after silver's surge to a more-than-decade-high and gold's record-breaking rally on growing anticipation of further monetary policy easing by major central banks. Spot silver fell 0.8% to $31.77 per ounce as of 0800 GMT, after hitting $32.71, its highest since December 2012, in the previous session.
Indonesia's December Inflation Eases More Than Expected
WEBJan 2, 2024 · The central bank's inflation target for 2023 was 2% to 4%, while its 2024 target is 1.5% to 3.5%. The core inflation rate, which strips out government-controlled prices and volatile food prices, also eased more than expected in December to 1.80%, the lowest level since December 2021, and compared with 1.85% predicted in the poll.
Indonesia's Trade Surplus Beat Forecast in August
WEBSep 17, 2024 · TRADE BALANCE - JAKARTA. Indonesia booked a bigger-than-expected trade surplus in August as exports and imports beat forecasts, official data showed on Tuesday. The country reported a surplus of US$ 2.89 billion last month, compared with US$ 1.96 billion expected in a Reuters poll.
Oil Dips as Investors Weigh Whether New China Stimulus Will …
WEB3 days ago · OIL PRICE - JAKARTA. Oil prices slipped on Wednesday as investors reassessed whether China's latest stimulus plans will be able to boost its economy and spur fuel demand in the world's largest crude importer. Still, declining U.S. crude oil and fuel stockpiles, and more violence in the Middle East, provided some support for the market.
Indonesia Launches Golden Visa to Lure Foreign Investors, Boost …
WEBJul 25, 2024 · ANTARA FOTO/Erlangga Bregas Prakoso/rwa. VISA - JAKARTA. Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to $10 million giving them a 10-year visa and access to Southeast Asia's largest economy. The five-year "Golden Visa" requires individual investors ...
Indonesia's Central Bank Delivers Surprise Rate Cut
WEBSep 18, 2024 · 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 …
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 …
Foreign Banks are Optimistic about Gaining Profits in Indonesia …
WEBApr 3, 2024 · Looking at the profit performance of foreign banks, Taiwan's PT Bank CTBC Indonesia grew the highest, soaring up to 306.9% YoY to IDR 169.3 billion in 2023.