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WEBFinancial market, policy, event, macroeconomic, and corporate news from Indonesia
GLOBAL MARKETS-China Reopens with a Bang but Fails to Lift …
WEB5 hours ago · GLOBAL MARKET - SINGAPORE. Mainland Chinese stocks returned from an extended break with a roaring start on Tuesday, scaling multi-year highs as investor exuberance over Beijing's aggressive stimulus measures showed no signs of easing. The optimism though failed to spill over into other share …
Indonesian Miner Antam Buys 30% Stake in Tsingshan's Smelter
WEB4 hours ago · Indonesian state-controlled miner PT Aneka Tambang (Antam) has acquired a 30% stake worth $102 million in a smelter owned by a subsidiary of Chinese stainless steel giant Tsingshan Holding Group, the company said in an exchange filing. Read Also: GLOBAL MARKETS-China Reopens with a Bang but Fails to Lift Asia Stocks.
Indonesia Central Bank Enters FX Market to Balance Supply and …
WEB5 days ago · Indonesia's central bank entered in the foreign exchange market on Thursday to balance supply and demand, an official said, after the currency fell around 0.8% against the U.S. dollar, its lowest level since Sept. 16. Edi Susianto, the head of Bank Indonesia's monetary management department, told Reuters the rupiah IDR= had weakened due to ...
ADB Approves US$ 500 Million Loan for Indonesia's Energy …
WEBSep 20, 2024 · The Asian Development Bank (ADB) said on Friday it has approved a $500 million policy-based loan to Indonesia to fund a program designed to help its energy transition efforts. Resource-rich Indonesia, which is aiming for net-zero carbon emissions by 2060, has been trying to reduce the use of coal with …
Indonesia, Britain Sign Collaboration Agreement on Critical Minerals
WEBSep 18, 2024 · Britain on Wednesday signed a memorandum of understanding to collaborate on critical minerals with Indonesia, home to some of the world's largest mineral resources, the UK's embassy in Jakarta said. The agreement will support policy dialogue, sharing of technical knowledge and expertise and …
Indonesia's Trade Surplus Beat Forecast in August
WEBSep 17, 2024 · TRADE BALANCE - JAKARTA. Indonesia booked a bigger-than-expected trade surplus in August as exports and imports beat forecasts, official data showed on Tuesday. The country reported a surplus of US$ 2.89 billion last month, compared with US$ 1.96 billion expected in a Reuters poll.
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 …
Indonesia to Launch Central Counterparty Clearing House Next …
WEBSep 24, 2024 · Indonesia will launch a central counterparty clearing house (CCP) next week for foreign exchange and money market transactions, its central bank said on Tuesday, as it aims to deepen the capital markets of Southeast Asia's largest economy. The CCP should help integrate Indonesia's currently fragmented …