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Bank Indonesia Kept the Benchmark Rate in August

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) kept the seven days repo rate (Bi-7DRR) at 4 percent. to 4.00 percent, said the governor on Wednesday (08/18)....

Indrawati Revises Down Economic Growth -0.2% to -1.1% in 2020

JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati has revised Indonesian economic growth targets in 2020 in the range of -0.2 to -1.1 percent of gross...

Indonesian Gov’t Places Fund US$2.14B in State Bank to Help the...

JAKARTA (TheInsiderStories) - Indonesian government to places Rp30 trillion (US$2.14 billion) in funds in state-owned banks (HIMBARA), said finance minister on Wednesday (06/24). The allocated funds...

Fin Min, FSA Signs a Decree to Support Economic Recovery Program

JAKARTA (TheInsiderStories) - Financial Service Agency (FSA) has signed the joint decree with the government to support the National Economic Recovery Program (ERP), said the...

Again, Indonesia Revises 2020 State Budget to Help the Economy

JAKARTA (TheInsiderStories) - For the second time, Indonesian government revised the 2020 State Budget to support the Economic Recovery Program (ERP) and curb the economy....

Morning Briefing: Indonesia’s Economy Could Shrinks to 0% This year

JAKARTA (TheInsiderStories) - Good Morning! World Bank senior economist for Indonesia, Ralph van Doorn sees the national economy may shrink zero percent of gross domestic products...

Indonesia Regulates Government Investment During COVID-19 Pandemic

JAKARTA (TheInsiderStories) - Finance ministry of Indonesia finally ratified the derivative rules of Government Regulation Number 63 of 2019 by issued the ministerial decree Number 53 of...

Indonesia Prepares US$43B for Economic Recovery Program Funds

JAKARTA (TheInsiderStories) - Indonesian government prepared the Economic Recovery Program (ERP) Funds around Rp641.12 trillion (US$42.74 billion), said finance minister on Monday (05/18). In detail, part of...

Indonesia’s Emergency Regulation Approves by Parliament

JAKARTA (TheInsiderStories) - Indonesia' House of Representatives approved the Government Regulation Lieu of Law Number 1 of 2020 concerning State Financial Policies and Financial System Stability...

Indonesia Releases Economic Recovery Program Regulation

JAKARTA (TheInsiderStories) - President Joko Widodo has signed a special rule  Government Regulation Number 23 of 2020 regarding Economic Recovery Program (ERP), which was just enacted...