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WEBFinancial market, policy, event, macroeconomic, and corporate news from Indonesia
GLOBAL MARKETS-Asia Shares Dragged by Nikkei, China Keeps …
WEB5 hours ago · The rally in China helped MSCI's broadest index of Asia-Pacific shares outside Japan firm 0.3%, having surged 6.1% last week to a seven-month high. Wall Street also had a rousing week helped by a benign reading on core U.S. inflation on Friday that left the door open to another half-point rate cut from the Fed.
MORNING BID ASIA-China Stimulus, Japan Politics Dominate Q3 End
WEB9 hours ago · MORNING BID ASIA-China Stimulus, Japan Politics Dominate Q3 End. ILUSTRASI. Investors in Asia go into the last trading day of the quarter still riding high on the double dose of stimulus administered by the U.S. Federal Reserve and now by China. ASIAN MARKET - JAKARTA. A look at the day ahead in Asian markets.
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.
ADB Approves US$ 500 Million Loan for Indonesia's Energy …
WEBSep 20, 2024 · The Asian Development Bank (ADB) said on Friday it has approved a $500 million policy-based loan to Indonesia to fund a program designed to help its energy transition efforts. Resource-rich Indonesia, which is aiming for net-zero carbon emissions by 2060, has been trying to reduce the use of coal with …
Indonesia's Trade Surplus Beat Forecast in August
WEBSep 17, 2024 · TRADE BALANCE - JAKARTA. Indonesia booked a bigger-than-expected trade surplus in August as exports and imports beat forecasts, official data showed on Tuesday. The country reported a surplus of US$ 2.89 billion last month, compared with US$ 1.96 billion expected in a Reuters poll.
Gold, Silver Head for Weekly Gains on Rate Cut-Fuelled Rally
WEB2 days ago · GOLD - JAKARTA. Gold and silver prices retreated on Friday, but were positioned for weekly gains after silver's surge to a more-than-decade-high and gold's record-breaking rally on growing anticipation of further monetary policy easing by major central banks. Spot silver fell 0.8% to $31.77 per ounce as of 0800 GMT, after hitting $32.71, its highest since December 2012, in the previous session.
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 …
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 …
Indonesian Leader Spends Final Weeks of His Term in Unfinished …
WEBSep 12, 2024 · 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 …