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Indonesia’s Retail Sales Grew by 2.4% in July

JAKARTA (TheInsiderStories) - Indonesian retail sales grew by 2.4 percent in July, increase from the previous month which recorded of -1.8 percent (YoY). This proven...

Indonesia Set Biodiesel Price US$0.49 In September

JAKARTA (TheInsiderStories) - Entering September, Indonesian government set a monthly biodiesel price of Rp6,929 (US$0.49) a liter from a month ago Rp6,795 per liter, said the ministry...

Indonesia to Ban Nickel Ore Export Starting 2020

JAKARTA (TheInsiderStories) - Nickel price soared to its highest in five years after major producer Indonesia said it would ban the export of ore starting Jan.1,...

Warjiyo Optimistic CAD Ended 2.8% by the End of 2019

JAKARTA (TheInsiderStories) - Governor of Bank Indonesia (BI) Perry Warjiyo still optimistic current account deficit (CAD) will ended at 2.8 percent by the end of this...

CAD Expands to US$8.4B, Warning for Indonesia

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported the country' current account deficit (CAD) widened to US $8.4 billion or 3 percent of the gross...

IMF Assesses Indonesian Economy Running Well

JAKARTA (TheInsiderStories) - The Executive Board of the International Monetary Fund (IMF) rated Indonesian economy performed well in 2018, despite external headwinds, including capital...

Pursue Investment and CAD, Indonesian President Approaches Foreign Investors

JAKARTA (TheInsiderStories) - President Joko Widodo seduce foreign investors as Indonesia grapples with the low level of foreign direct investment and the spread of current account...

Widodo Criticizes Ministers for Indonesia’s Widening Current Account Deficit

JAKARTA (TheInsiderStories) - Indonesia' president Joko Widodo has criticized his ministers due to the country's widening current account deficit (CAD). In the first quarter...

Indonesia Formulate Policies to Improve Oil and Gas Trade Balance

JAKARTA (TheInsiderStories) - The government has taken a new strategic step to improve the oil and gas trade balance, which continues to be a...

Indonesia’s Balance of Payment Surplus of US$2.4B in 1Q 2019

JAKARTA (TheInsiderStories) – Indonesia' balance of payments (BoP) recorded a surplus of US$2.4 billion in in the first quarter (1Q) of 2019, the central bank reported...

Indonesia’s Current Account Deficit Narrows to US$7B in 1Q 2019

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported current account deficit (CAD) in the first quarter (1Q) of 2019 was recorded at US$7 billion or 2.6...

Indonesia’s Pertamina Reduces Crude Oil Imports US$1.4B

JAKARTA (TheInsiderStories) – Indonesian state-owned energy producer, PT Pertamina was reduced the crude oil and condensate imports by around 50 percent in the first-four months of...

Bank Indonesia Holds the Benchmark Rate at 6%

JAKARTA (TheInsiderStories) – Bank Indonesia through the Board of Governors' Meeting decided to maintain a 7-day Reverse Repo Rate (BI7DRR) at 6 percent by...

Indonesia’s Forex Reserves US$124B in March

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted, Indonesia' foreign exchange (forex) reserves stood at US$124.5 billion in March, slightly up 0.97 percent compared to...

BI: After Election, More Foreign Funds Flow to Indonesia

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) believes that the flow of foreign funds to Indonesia' financial markets will be more profound after the presidential...

ICAEW: Indonesia’s GDP to Decline to 5.0% in 2019

JAKARTA (TheInsiderStories) – Indonesia's GDP is expected to decline to 5.0 percent in 2019, from 5.2 percent in 2018, due to a slowdown in...

Indonesia’s Forex Reserves US$123B in February

JAKARTA (TheInsiderStories) –  The Indonesian foreign exchange (forex) reserves reached of US$123.3 billion at the end of February 2019, slightly up from January at...

Indonesia’ BoP will Surplus in Q1 2019, says BI

JAKARTA (TheInsiderStories) - Governor of Bank Indonesia (BI) Perry Warjiyo optimistic balance of payment (BoP) will record a surplus in the first quarter (1Q)...

Indonesian Market Gets Foreign Inflows US$3B in February

JAKARTA (TheInsiderStories) – Bank Indonesia (BI) noted that the inflows of foreign capital to the Indonesian market until Feb. 21, 2019 reached Rp 45.9...

China’s Current Account Surplus in 4Q 2018 by Strong Exports

JAKARTA (TheInsiderStories) – China posted a current account surplus of US$54.6 billion in the fourth quarter (Q4) of 2018, a 134.3 percent increase from...

Indonesia to Review Import Tax Amid the Protests

JAKARTA (TheInsiderStories) - Indonesian government will review import tax after get protest from the importers. The import tax on more than a thousand products is considered giving...

Indonesia 2018’s Last Quarter Current Account Deficit Swells

JAKARTA (TheInsiderStories) - Indonesia recorded a worsening current account deficit (CAD) situation, as it swelled to US$9.1 billion in the fourth quarter (4Q) of...

Bank Indonesia Sees CAD to Surplus US$8B in 4Q 2018

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) expect the current account deficit (CAD) in the fourth quarter (4Q) of 2018 in the range at US$8 billion,...

Indonesia’s Benchmark Rate Almost Reached Its Peak, says Warjiyo

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) governor Perry Warjiyo rated that the adjustment of the 7-day reverse repo (BI-7DRR) rate, which is currently at the...

Indonesia Chops Export Procedures to Suppress Forex Revenues

JAKARTA (TheInsiderStories) – The government chopped export procedure for natural resources to boost foreign exchange (forex) revenues and to anticipate capital outflow from the country,...

Indonesian Central Bank Maintained Policy Rate at 6%

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) decided to maintained a 7-day Reverse Repo (BI 7-DRR) rate at 6 percent, Deposit Facility interest rate of 5.25...

Indonesia’s Pertamina Signs Oil, Gas Purchase with 11 Producers

JAKARTA (TheInsiderStories) - Indonesia' state-owned energy producer PT Pertamina signed oil and gas sales and purchase agreement with 11 contractors, as part of the producer planned...

Morning Briefing: Number of Foreign Tourists Not Reach Target

JAKARTA (TheInsiderStories) — Good morning! Number of foreign tourists coming to Indonesia not reach government target at 17 million people. According to the Statistic...

Morning Briefing: Hundreds People Killed, Thousands Injured After Tsunami

JAKARTA (TheInsiderStories) — Good morning! The National Disaster Management Agency recorded the number of deaths from the Sunda Strait tsunami 429 peoples, 1,485 injured, 154...

Morning Briefing: Reference Rate Announcement Leads Market into Negative Territory

JAKARTA (TheInsiderStories) — Good morning! The Rupiah and Jakarta Composite Index (JCI) have both taken another hit. This is in part due to the...