7:08 pm August 21, 2014 | No Comment
Bank Indonesia will not loosen its monetary policy until the current account deficit narrows to 2.5 percent of gross domestic product, a level unlikely to be reached until after next year, the central bank governor said on Thursday.
6:32 pm August 21, 2014 | No Comment
Profit at XL Axiata, the country’s second-largest mobile network operator, swung to a loss in the January-June period of this year on rising costs and widening foreign exchange loss.
10:46 pm August 20, 2014 | 1 Comment
Asian Development Bank chief economist Shang-Jin Wei expressed optimism about the impending presidency of Joko Widodo, but was concerned about state budget provisions and subsidies that take up as much as about a third of the budget.
8:23 pm August 20, 2014 | 2 Comments
The government has agreed to meet the request from state energy company Pertamina to raise the price of non-subsidized liquefied petroleum gas, according to the coordinating minister for the economy, refuting reports that linked the issue with the sudden resignation of Pertamina’s chief.
9:29 pm August 19, 2014 | No Comment
Almost half of Indonesia’s export earnings now goes to servicing its external debt, data from Bank Indonesia showed late on Tuesday, raising concern about the country’s resilience to withstand external shocks to its financial system.
8:59 pm August 19, 2014 | No Comment
Trade Minister M. Lutfi has announced that the government plans to loosen ministry regulations issued last year on business franchises and traditional markets in an effort to increase transparency and clarify some of its more ambiguous laws.
12:27 pm August 18, 2014 | No Comment
Thailand avoided recession in the second quarter, though doubts remain about how robustly it can recover after the army stepped in to end political unrest and seek to lift a stumbling economy.