Edition:
United Kingdom

Fransiska Nangoy

Indonesian economy shrinks for first time since 1999 in second quarter

05 Aug 2020

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.

Indonesia eyes Vietnam as it seeks to diversify thermal coal exports

31 Jul 2020

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.

UPDATE 1-Indonesia c.bank cuts rates for 4th time this year as virus cases jump

16 Jul 2020

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.

Indonesia unveils $40 billion bond scheme to fund recovery from pandemic

07 Jul 2020

(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)

Indonesia makes year's third rate cut, signals more easing to fight pandemic

18 Jun 2020

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.

Indonesia processing requests for deep-sea mining waste disposal, says gov't official

31 May 2020

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.

Indonesia returns to trade deficit in April as imports, exports plummet

15 May 2020

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.

UPDATE 2-Indonesia considering raising fiscal deficit above 3% to fight virus

24 Mar 2020

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.

South Korea triggers crisis fund as surging dollar slugs emerging markets

19 Mar 2020

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.

UPDATE 1-Indonesia stock exchange tightens circuit breakers for major index falls

11 Mar 2020

* Analysts say coronavirus response key for market (Recasts and updates throughout with more detail, analyst comment, context and background.)

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