JAKARTA/SINGAPORE Indonesia's experiment to borrow money for free from the central bank has excited proponents of modern monetary theory and raised concerns about its effects on inflation and the rupiah.
JAKARTA Indonesian President Joko Widodo is considering issuing an emergency decree to return banking regulation to the central bank's remit, amid concern about how the COVID-19 pandemic is exposing strain in the financial sector, sources told Reuters.
JAKARTA Indonesia's investment board on Tuesday said seven companies would soon relocate factories to the Southeast Asian nation worth a combined $850 million, most moving from China, with a potential for billions more from another 17 interested firms.
JAKARTA, June 30 Indonesia's investment board on
Tuesday said seven companies would soon relocate factories to
the Southeast Asian nation worth a combined $850 million, most
moving from China, with a potential for billions more from
another 17 interested firms.
JAKARTA Indonesia's central bank came under pressure from lawmakers on Thursday to escalate its response to the economic fallout from the coronavirus pandemic, even as it cut its benchmark interest rate to a two-year low.
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 Indonesia plans to build one of its largest industrial parks on the north coast of Java island in a renewed drive to attract manufacturers relocating out of China as Southeast Asia's biggest economy comes out of a coronavirus-induced lockdown.Yet, despite its low wages and huge domestic market Indonesia must overcome decades-old hurdles including red tape, rigid labour laws, and poor infrastructure to be able to move up the global manufacturing value chain.
SINGAPORE/JAKARTA Indonesian motorcycle taxi driver Aji chain-smokes and checks his smartphone constantly while waiting for orders by the roadside in downtown Jakarta on a hot June morning, but is staring at the prospect of another fruitless day. | Video
JAKARTA, May 19 Indonesia's central bank kept
its policy rate steady on Tuesday to bolster market stability,
but pledged to maintain ample cash in the financial system and
said there was room to cut rates in the future to cushion
Southeast Asia's biggest economy.
The move to leave Bank Indonesia's 7-day reverse repurchase
rate unchanged at 4.50% was a surprise with 16 out
of 26 analysts in a Reuters poll expecting a 25-basis point cut.
JAKARTA Indonesia's central bank chief pledged on Wednesday to provide as much liquidity as needed to support an economy that last quarter grew at its slowest in 19 years, but hinted that keeping the rupiah currency stable might prevent an early interest rate cut.