Tag: CAD
Pertamina, South Korean Firms Signed a Deal to Build RDMP in...
JAKARTA (TheInsiderStories) - Energy producer, PT Pertamina and a consortium of South Korean companies signed a memorandum of understanding to examine the business opportunities in...
Indonesia’s Current Account Deficit Declines to 1.4% of GDP in 1Q
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported the current account deficit (CAD) in the first quarter (1Q) of 2020 declined due to the lower imports in line...
Indonesia’s Economic Growth to Slow in 2020 on COVID-19 Impact
JAKARTA (TheInsiderStories) — Indonesia’ economy is expected only grow by 2.5 percent in 2020 amid the COVID-19 pandemic, down from 5.0 percent in 2019,...
The Central Bank Lowering Indonesia’s Growth 5.0 - 5.4% in 2020
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) lowering the country' economic growth outlook from 5.1 - 5.5 percent to 5.0-5.4 percent in 2020, weighed by COVID-19, said...
Indonesia’s Credit Profile Balances Stable Growth with Revenue Weaknesses
JAKARTA (TheInsiderStories) - Indonesia' (Baa2 stable) credit profile is supported by the economy' large size, low fiscal deficits and modest debt burden. These features are balanced...
Indonesia’s Trade Minister Flies to Washington to Completed GSP
JAKARTA (TheInsiderStories) - Indonesia' minister of trade, Agus Suparmanto is committed to improve bilateral trade with the United States (US) by completed the Generalized System...
Indonesia’s Balance of Payment Surplus US$4.7B in 2019
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported the nation' balance of payments (BoP) recorded surplus of US$4.7 billion during 2019 from previous year worth of $7.1...
Indonesia, Hungary Plans to Establish Investment Fund
JAKARTA (TheInsiderStories) - Indonesia and Hungary plans to establish the an investment fund to support the infrastructure development in the country, foreign minister told reporters after...
Indonesia Cuts Pertamina’s Oil Import to 50Mbbl in 2020
JAKARTA (TheInsiderStories) - Indonesia' energy and mineral resources (EMR) ministry ordered the top refiner, PT Pertamina to limit the purchase of crude oil from overseas to...
Indonesia to Regulates DMO of Gas, President Wants to Lowering the...
JAKARTA (TheInsiderStories) – Indonesian government has plan to regulate the domestic market obligation (DMO) of gas to drive down the price for local manufacturers, said...
Indonesia Appoints 18 Producers to Run B30 Program
JAKARTA (TheInsiderStories) - Energy and mineral resources (EMR) ministry appoints 18 biofuel producers to carry out a mandatory policy of a biodiesel mixture program of the...
Weekly Briefing: Global, Domestic Policies Dominating Markets this Week
JAKARTA (TheInsiderStories) - Good Morning! This week, United States (US) - China trade developments still dominating markets. In addition, investors will see the release of important...
Indonesian Budget Deficit Widen to 2.2% in This Year
JAKARTA (TheInsiderStories) - Indonesia' finance minister Sri Mulyani Indrawati, stated that 2019 State budget deficit will be widen to 2.2 percent of gross domestic...
Indonesia to Imposes Export Levy for CPO Starts Jan. 2020
JAKARTA (TheInsiderStories) - Indonesian government will impose export levies for crude palm oil (CPO) products and their derivatives starting Jan. 1, 2020, as the implementation of...
Foreign Tourist Visits to Indonesia Only Grow 2.63%
JAKARTA (TheInsiderStories) - Statistic Indonesia reported, number of foreign tourist visit the country until July only rose 2.63 percent to 9.31 million peoples of this...
BI Give a Surprises with 2nd Cut Rate in Two Months
Jakarta (TheInsiderStories) - Indonesian central bank (BI) give a surprise with the second cut of 7 days reverse repo rate (BI-7DRR) by 25 bps...
Morning Briefing: US’s Fed Holds the Benchmark Rate, Next BI
JAKARTA (TheInsiderStories) - Good Morning! This afternoon, Bank Indonesia (BI) will release its monetary policy while United States (US) Federal Reserves kept the benchmark rate...
Weekly Briefing: US Demands Changes on China’s Law to Meet Trade...
JAKARTA (TheInsiderStories) — Good morning! White House economic adviser Larry Kudlow said that the United States (US) demanded concrete changes on China’ law, as...
BI: Food Prices Triggered Indonesia’s Inflation in April
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) predicted inflation in April will rise amid higher shallots, garlic, and fruit prices, explained Senior Deputy Governor Mirza...
Morning Briefing: Indonesia May Gain Benefit over the US Recession
JAKARTA (TheInsiderStories) — Good morning! United States bond market’ yield curve showed ominous sign of a recession. Yesterday, US 10-year bond yield fell deeply...
Morning Briefing: Expect Fortune Follows Chinese New Year
JAKARTA (TheInsiderStories) -- Good morning and happy chinese new year! With high expectation of profit, Indonesian financial market did not show gain at the...
Indonesia’s Tourism Revenues Estimated More than US$17B
JAKARTA (TheInsiderStories) - Minister of Tourism of Indonesia Arief Yahya estimated that State revenues from the tourism sector are estimated to reach US$17.6 billion,...
Indonesian Rupiah, JCI Drops in 2019’s First Trading
JAKARTA (TheInsiderStories) - In the first trading of 2019, the Jakarta Composite Index (JCI) dropped 0.27 percent to 6,178.03 compared to last week. While...
Morning Briefing: May Survives but Brexit Deal Still Risky
JAKARTA (TheInsiderStories) — Good morning! British Prime Minister Theresa May still lead the Conservative party, after won the leadership challenge by winning 200 votes to...
Morning Briefing: Rupiah Continues Gaining Power due to Foreign Inflow
JAKARTA (TheInsiderStories) — Good morning! American Dollar fell off against other countries’ currencies, following midterm election result that brings Democrats to control parliament. Observers rated,...
B20 Not Yet Fully Implemented in Indonesia
JAKARTA (TheInsiderStories) – The use of biodiesel 20 percent (B20) as required by the government since Sept. 1, 2018 is not yet fully implemented due mainly...
Indonesia’s Tourist Arrivals Grow 16.6% in August
JAKARTA (TheInsiderStories) - Indonesian tourist arrival showed a positive sentiments to the state of the economy. The number of foreign tourists arrived in Indonesia rose 16.6 per...
Indonesia Waives Oil Income Tax to Lowering Import Costs
JAKARTA (TheInsiderStories) - Indonesian government decided to waive the oil income tax for oil producer (PSC) to lowering the imported costs, said one official on Thursday...
Market Update: Again, Rupiah Touched the Five-years Lowest Level
JAKARTA (TheInsiderStories) - The United States' (US) central bank statement will implies the planned to increase its benchmark rate makes the Rupiah touched again...
Warjiyo Believes Government Policy Able to Lowered Indonesia’s CAD
JAKARTA (TheInsiderStoris) - Perry Warjiyo, the governor of Bank Indonesia (BI) believes the governments policy to optimize the use of blended biodiesel (B20) for vehicle, tourism...