JAKARTA Indonesia's economy had its first quarterly contraction in over two decades, official data showed on Wednesday, with the government promising faster stimulus spending in coming months after a battering from the coronavirus pandemic.
JAKARTA Indonesia, the world's top exporter of thermal coal, is stepping up efforts to diversify sales of the fuel as shipments to top buyer India slump and with exports to China poised to slow.
JAKARTA, July 16 Indonesia's central bank cut
interest rates on Thursday for the fourth time this year,
stepping up efforts to shore up Southeast Asia's largest economy
amid the coronavirus pandemic after recently agreeing to buy
more government bonds.
(This June 6 story, is corrected to make clear the size of the central bank bond purchase in paragraph 1, other bond details in paragraph 3)
JAKARTA Indonesia's central bank on Thursday cut its benchmark rate for the third time this year and signalled it may ease further, as Southeast Asia's largest economy struggles to avoid a recession amid the broadening fallout of the coronavirus pandemic.
JAKARTA Indonesian authorities are considering two companies' requests to dispose mining waste into the ocean, a senior government official said on Sunday, at a time of heightened sensitivity about the environmental impact of mining.
JAKARTA Indonesia's imports in April shrank at the fastest pace in nearly five years, underlining weak domestic demand and as its export markets were disrupted by the coronavirus pandemic, trade data showed on Friday.
JAKARTA, March 24 Indonesia is discussing
raising the limit on the country's fiscal deficit as a
proportion of GDP above an existing 3% legal limit to aid the
fight against coronavirus and to shield the economy, its deputy
finance minister said on Tuesday.
SEOUL/JAKARTA South Korea prepared crisis funds to put a floor under crashing bond and stock markets on Thursday as the coronavirus pandemic led to heavy sales of riskier assets worldwide and a scramble in emerging markets for the safety of U.S. dollars.
* Analysts say coronavirus response key for market
(Recasts and updates throughout with more detail, analyst
comment, context and background.)