ADB Approves US$ 500 Million Loan for Indonesia's Energy …
WEB4 days ago · 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 …
Indonesia's Central Bank Delivers Surprise Rate Cut
WEB6 days ago · 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 …
Indonesia's Tax Agency Probes Alleged Personal Data Breach
WEB5 days ago · CYBER CRIME - JAKARTA. Indonesia's tax agency is investigating an alleged data breach that exposed the taxpayer identification numbers of millions of Indonesians, including President Joko "Jokowi" Widodo, his ministers and his two sons, an official said. A series of cyber-attacks have hit Indonesian companies and government agencies in …
Finance Minister Sri Mulyani Happy Indonesian Economy Remains …
WEBMay 6, 2024 · Finance Minister Sri Mulyani said that despite global uncertainties, Indonesia's economy continues to show its resilience, as evidenced by the growth achieved in the first quarter of 2024. The quality of growth has also significantly improved, reflected in the high job creation rate, which has managed to …
Indonesia Parliamentary Body Approves Higher Spending for …
WEBSep 17, 2024 · Indonesia's key parliamentary budget committee approved on Tuesday increased spending for the incoming government of President-elect Prabowo Subianto, who is set to take office next month. The committee approved a 6% rise in spending to 3,621.31 trillion rupiah ($236.2 billion), versus an estimate …
Indonesia's Trade Surplus Beat Forecast in August
WEBSep 17, 2024 · TRADE BALANCE - JAKARTA. Indonesia booked a bigger-than-expected trade surplus in August as exports and imports beat forecasts, official data showed on Tuesday. The country reported a surplus of US$ 2.89 billion last month, compared with US$ 1.96 billion expected in a Reuters poll.
Indonesian Foreign Exchange Reserves Expected to Strengthen in …
WEBAug 22, 2024 · Indonesia's foreign exchange reserves are projected to strengthen in August 2024, driven by the strengthening of the rupiah exchange rate and a current account deficit (CAD) that remains within the Bank of Indonesia's (BI) target range. The rupiah exchange rate is currently on a strengthening trend and comfortably sits below Rp 16,000 per US ...
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 …
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 Increases Investment by IDR1.9 Trillion to Three ...
WEBJan 9, 2024 · Through PMK 161/2023, Sri Mulyani stated that the investment increase in these three IFIs comes from the 2024 State Budget. This policy was also issued to implement the provisions of Article 32 paragraph (3) of Law Number 19 of 2023 concerning the 2024 Fiscal Year State Budget.