Tuesday, July 16, 2019

Exchange rate

Exchange rate

Bank Indonesia rate hike appropriate: IMF

Jakarta -- The International Monetary Fund (IMF) has described Bank Indonesia (BI) move to increase its seven day reverse repo rate as "appropriate." IMF...

Indonesia Drops in IMD World Competitiveness Ranking

Jakarta -- Indonesia's competitiveness has dropped this year due to external pressures arising from trade, fluctuating exchange rates, and insufficient efforts to eradicate corruption,...

Indonesia’s New Central Bank Governor Pledges Focus on Rupiah Stability

Jakarta -- Indonesia's newly sworn in central bank governor on Thursday (24/05) promised to use interest rate policy to stabilize the rupiah currency and...

Bank Indonesia Hikes Key Interest Rate to Boost Fragile Rupiah

Jakarta -- Indonesia's central bank on Thursday (17/05) hiked its benchmark interest rate for the first time since November 2014, as expected, in a...

All-You-Can-Fly Promo May Spark Heated Competition Among Airlines

Jakarta -- When Rizal Juan saw an advertisement for a full year of unlimited domestic flights at a fixed once-off price, he was immediately...

Foreign exchange reserves slid to US$124.9 billion in April

Jakarta -- Indonesia's foreign exchange reserves stood at US$124.9 billion in April, lower than the US$126 billion recorded a month earlier, Bank Indonesia (BI)...

Indonesia’s Q1 GDP Growth Slows, Consumption Remains Weak

Jakarta -- Indonesia's growth pace in January-March fell slightly from the previous quarter, reflecting still-weak consumption and indicating the government may face difficulties getting...

Exports and tourism can strengthen rupiah: BI

Jakarta -- Bank Indonesia senior deputy governor Mirza Adityaswara said that a positive performance in Indonesia's exports and developments in the tourism sector may...

Weak consumption may keep Indonesia from raising rates just yet

Jakarta -- Indonesia's central bank said it won't hesitate to raise interest rates to stabilize the rupiah, but that plan faces a hurdle in...

Foreign Direct Investment in Indonesia Picks Up in Q1

Jakarta -- Foreign direct investment in Indonesia grew at a slightly faster pace in the first quarter of 2018, but the investment coordinating board...

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