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WEBFinancial market, policy, event, macroeconomic, and corporate news from Indonesia
Higher Biodiesel Mandates in Indonesia to Curb Palm Oil Supplies
WEB11 hours ago · Implementation of higher biodiesel mandates in Indonesia, the world's biggest palm oil producer, is likely to tighten supplies of the vegetable oil, a leading industry analyst said on Tuesday. Indonesia currently has a mandatory 35% blend of palm oil-based fuel in biodiesel and is seeking to ramp up to biodiesel containing 40% palm oil to cut ...
Indonesia to Run Thousands of Kitchens as Free Meals Initiative …
WEB1 day ago · Indonesia will open thousands of kitchens across the country next year as the incoming government led by president-elect Prabowo Subianto kicks off his multi-billion dollar free meals programme, the head of the agency running the initiative said on Tuesday. Prabowo will be sworn in as Indonesia's next president on Oct. 20.
Indonesia C.Bank Enters FX Market to Balance Demand and Supply …
WEB2 days ago · FOREX - JAKARTA. Indonesia's central bank entered in the foreign exchange (FX) market on Monday to ensure confidence in the rupiah, an official said, after the currency fell about 1.2% against the U.S. dollar, its lowest level since mid-August. Read Also: Indonesia's Prabowo Wants Gradual Increase in Debt-to-GDP, Adviser Says .
Indonesia's Forex Reserves Drop to $149.9 Billion at End-September
WEB2 days ago · Indonesia's foreign exchange reserves fell to $149.9 billion last month from $150.2 billion at the end of August, due to payment of the government's foreign loans, the central bank said on Monday. The reserves were equal to 6.6 months of imports, above international standards and adequate to support Indonesia's external …
Indonesia Central Bank Enters FX Market to Balance Supply and …
WEB6 days ago · Indonesia's central bank entered in the foreign exchange market on Thursday to balance supply and demand, an official said, after the currency fell around 0.8% against the U.S. dollar, its lowest level since Sept. 16. Edi Susianto, the head of Bank Indonesia's monetary management department, told Reuters the rupiah IDR= had weakened due to ...
Indonesia's Trade Surplus Beat Forecast in August
WEBSep 17, 2024 · TRADE BALANCE - JAKARTA. Indonesia booked a bigger-than-expected trade surplus in August as exports and imports beat forecasts, official data showed on Tuesday. The country reported a surplus of US$ 2.89 billion last month, compared with US$ 1.96 billion expected in a Reuters poll.
Indonesia's Central Bank Delivers Surprise Rate Cut
WEBSep 18, 2024 · 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's December Inflation Eases More Than Expected
WEBJan 2, 2024 · The central bank's inflation target for 2023 was 2% to 4%, while its 2024 target is 1.5% to 3.5%. The core inflation rate, which strips out government-controlled prices and volatile food prices, also eased more than expected in December to 1.80%, the lowest level since December 2021, and compared with 1.85% predicted in the poll.
Indonesia Q1 GDP Growth Beats Expectation at 5.03% Year on Year
WEBMay 5, 2023 · Gross domestic product (GDP) expanded 5.03% in the first three months from a year earlier, quicker than the median forecast of 4.95% in a Reuters poll and slightly above the 5.01% growth in the fourth quarter. Indonesia's post-pandemic recovery has been helped by a commodities-led export boom, though analysts expect …