Latest news and articles about indonesian economy from NEX English
The North Kalimantan government has announced new measures to boost exports by launching 'Export Clinic' services at Juwata Tarakan Airport. This initiative aims to reduce waiting times for exporters to less than 50 minutes.
Marco Travel and Tourism Company has announced new strategies to address the rising costs of Umrah and Hajj due to geopolitical conditions in the Middle East. This move comes amid increasing flight and hotel prices resulting from rising fuel costs and the depreciation of the Indonesian rupiah.
Economist Yusuf Rendi Manilet from the Center for Economic Reform in Indonesia emphasizes the need for coordination between the government and Bank Indonesia to shield the rupiah from rising inflationary pressures. He highlights the impact of a weakened rupiah on prices and the urgency for immediate action.
New analyses indicate that Chinese investments play a crucial role in supporting economic growth in Indonesia, which recorded a growth rate of <strong>5.61%</strong> in the first quarter of the year despite increasing challenges.
The Indonesian rupiah experienced a slight decline due to stalled negotiations between the United States and Iran, impacting global markets. This drop comes as the dollar and oil prices rise.
Indonesia is increasingly concerned about its reliance on imported liquefied natural gas (LNG), with reports indicating that over <strong>75%</strong> of the country's needs are met through imports. This dependency burdens the national economy and impacts financial policies.
The Planning and Development Committee in the Indonesian parliament has urged the South Kalimantan government to expedite industrial development to boost local revenues. This request was made during a meeting with the regional governor, emphasizing the need to better utilize the region's natural resources.
China continues to be one of the largest sources of foreign investment in Central Java, with investments totaling <strong>2.14 trillion rupiah</strong> in the first quarter of this year. This is part of efforts to enhance economic cooperation between Indonesia and China.
The Governor of Indonesia's Central Bank, Perry Warjiyo, announced a reduction in the documentation threshold for dollar buyers to support the local currency, the rupiah. This decision comes after the rupiah fell to a new record low.
The value of the Indonesian rupiah has slightly decreased against the US dollar, dropping by 11 points to reach 17,405 rupiah per dollar. This decline comes as tensions in the Middle East escalate, raising concerns among investors.
Economist Naim Huda from the Center for Economic and Legal Studies stated that the annual interest rate of 6% on KUR remains suitable for supporting small and medium enterprises in Indonesia. This comes in response to President Prabowo Subianto's proposal to reduce the rate to 5%.
Indonesian Deputy Finance Minister Joda Agung addressed rumors circulating on social media regarding the health of Finance Minister Sri Mulyani Indrawati, who was hospitalized. Joda confirmed that the budget press conference will proceed as scheduled.
Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto, affirmed the strong resilience and growth potential of the Indonesian economy despite global economic challenges during a special event in Jakarta.
This morning, the Indonesian rupiah experienced a slight increase, reaching 17,211 rupiah per US dollar, up by 18 points or 0.10% compared to the previous market close. This rise reflects an improvement in the country's economic performance.
Indonesia has witnessed a significant increase in liquefied gas prices by 18.75%, with the price of a 12 kg gas cylinder rising to 228,000 rupiah. This hike comes as the government aims to enhance the railway network in Kalimantan Island.
Indonesian Minister of Cooperatives, Ferry Juliantono, affirmed that Koperasi Merah Putih in East Nusa Tenggara will play a vital role in enhancing the local economy. This statement was made during his visit to the cooperative in Kupang, emphasizing the need to redefine the role of cooperatives.
The Indonesian rupiah has seen a slight increase of 0.15%, reaching 17,143 rupiah against the US dollar. This rise reflects the strength of the Indonesian economy amidst geopolitical challenges.
An economist from Airlangga University stated that Indonesia's budget remains resilient despite pressures from rising global energy prices. However, he warned that the government may need to make tough decisions to maintain financial stability.
The Indonesian Stock Price Index (IHSG) experienced a notable decline on Thursday morning, dropping by <strong>40.75 points</strong> or <strong>0.56%</strong>. This downturn is attributed to escalating tensions between the United States and Iran, prompting investors to closely monitor the situation's impact on global markets.
The Indonesian rupiah experienced a significant rise on Wednesday morning, increasing by 120 points to reach 16,985 rupiah against the US dollar. This surge follows the market's previous close at 17,105 rupiah per dollar, indicating an improvement in the currency's performance.
Josua Pardidi, head of the economics department at Permata Bank, stated that the future exchange rate of the Indonesian rupiah heavily relies on political developments between the United States and Iran. These comments come at a sensitive time marked by increasing global tensions.
Indonesian Central Bank Governor Perry Warjiyo announced that opportunities for lowering the benchmark interest rate have diminished due to geopolitical tensions in the Middle East. He emphasized that the central bank will work to stabilize the local currency amid challenging economic conditions.
The Indonesia Stock Exchange opened today with a remarkable increase in its stock price index, with the IHSG index rising by 191.38 points, or 2.75%, reaching 7,162.41 points. This surge reflects improved investor sentiment.
Indonesian Cabinet Secretary Tedy Indra Wijaya announced ongoing discussions about a proposal to reduce ministers' salaries as part of the government's efforts to address current economic challenges. This proposal arises amid the difficult circumstances the country is facing.
The Indonesian Financial Services Authority (OJK) reported that the ongoing conflict in the Middle East has a limited direct impact on Indonesian banks. The exposure to non-resident entities in the region is minimal, but the authority warns of the need to monitor the global economic situation.
The Indonesian Ministry of Villages and Development has announced a new Japanese language training program aimed at improving living standards in rural areas. This initiative seeks to enhance job opportunities and increase household income.
This Thursday morning, the Indonesian rupiah saw a slight increase of one point, reaching <strong>16,982 rupiah</strong> against the US dollar. This rise follows its previous closing at <strong>16,983 rupiah</strong> in the last session, indicating some stability in the Indonesian currency market.
The Bank Indonesia representative office in Borobudur announced the significance of applying the Global Trade Analysis Project (GTAP) model as a strategic tool for analyzing regional economic policies. This announcement comes amid increasing global economic challenges.
The Indonesian Financial Services Authority (OJK) reported a year-on-year increase of <strong>9.37%</strong> in bank loans, reaching <strong>8,559 trillion rupiah</strong> in February 2026. This growth reflects a significant rise in investment loans and financing directed towards corporations.
On Monday morning, the Indonesian rupiah dropped by 16 points, or 0.09%, reaching 16,996 rupiah against the US dollar. This decline is attributed to rising fears of escalating conflict in the Middle East and increasing oil prices.