Indonesia, Britain Sign Collaboration Agreement on Critical Minerals
WEB8 hours ago · Britain on Wednesday signed a memorandum of understanding to collaborate on critical minerals with Indonesia, home to some of the world's largest mineral resources, the UK's embassy in Jakarta said. The agreement will support policy dialogue, sharing of technical knowledge and expertise and cover areas like supply chain resilience, sustainable ...
Indonesia's Central Bank Delivers Surprise Rate Cut
WEB13 hours 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 Parliamentary Body Approves Higher Spending for …
WEB1 day ago · 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 ($236.2 billion), versus an estimate …
Indonesia's Trade Surplus Beat Forecast in August
WEB1 day ago · TRADE BALANCE - JAKARTA. Indonesia booked a bigger-than-expected trade surplus in August as exports and imports beat forecasts, official data showed on Tuesday. The country reported a surplus of US$ 2.89 billion last month, compared with US$ 1.96 billion expected in a Reuters poll.
Indonesia's Central Bank Delivers Surprise 25 bps Rate Cut
WEB11 hours ago · CENTRAL BANK - 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 the benchmark rate by 25 ...
Indonesian Leader Spends Final Weeks of His Term in Unfinished …
WEB6 days ago · 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 series of setbacks, including ...
Indonesia Central Bank Keeps Rates Steady, Focuses on Stabilizing …
WEBAug 21, 2024 · Indonesia's central bank on Wednesday held interest rates steady, as expected, preferring to focus on stabilizing the rupiah before possibly easing rates later this year. Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate at 6.25%, where it has been since April, as expected by all 30 economists polled by Reuters.
Indonesia Launches Golden Visa to Lure Foreign Investors, Boost …
WEBJul 25, 2024 · ANTARA FOTO/Erlangga Bregas Prakoso/rwa. VISA - JAKARTA. Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to $10 million giving them a 10-year visa and access to Southeast Asia's largest economy. The five-year "Golden Visa" requires individual investors ...
Indonesia Proposes 2025 Budget Targeting Narrower Deficit
WEBAug 16, 2024 · Indonesia's outgoing government submitted a 2025 budget plan to parliament on Friday targeting a narrower deficit than this year, which analysts said signalled Southeast Asia's largest economy would remain fiscally prudent under its next president. The budget proposal worth 3,613.1 trillion rupiah ($230 billion), prepared by ministers under ...
Indonesia's Q1 GDP Growth Beats Forecasts, at Highest in 3 Quarter
WEBMay 6, 2024 · Indonesia's economy grew by 5.11% in the first quarter from a year earlier, the highest in three quarters and faster than expected, data from the statistics bureau showed on Monday. Economists polled by Reuters had expected Indonesia to post annual growth of 5% in the January-March period. Annual growth in the fourth quarter was 5.04%.