Monday, August 23rd, 2010
BI Advised Do Not Get Preserve BI Rate
Jakarta - Bank Indonesia (BI) suggested not too late not raise interest rates because the alias BI Rate complacent with economic conditions in the country at this time. Ideally, the BI rate could be increased by 50 basis points to ...
Posted in Bank Indonesia | No Comments »
Thursday, December 3rd, 2009
Acting governor of Bank Indonesia Darmin Nasution said he believed the country`s foreign exchange reserves could reach US$66 billion by the end of this year.
"We believe they could reach US$66 billion and so we would be able to finance 6.5 months of imports as well as repay debt installments and ...
Posted in Banking News | No Comments »
Thursday, December 3rd, 2009
Bank Indonesia is working to improve its standard operation procedures for bank supervision to make it more responsive and quicker, the bank`s acting chief, Darmin Nasution, said here on Wednesday.
"We are still working to improve the SOP for bank supervision to make it more responsive," the central bank`s senior deputy ...
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Tuesday, December 1st, 2009
The rupiah weakened against the US dollar in the Jakarta interbank spot market here on Tuesday morning on the Dubai financial crisis.
The Indonesian currency traded Rp9,475-Rp9,485 per US dollar, down 25 points from Rp9,450-Rp9,465 per US dollar at the market`s close a day earlier.
Investors were rather cautious in putting their ...
Posted in Economic News | No Comments »
Monday, November 23rd, 2009
Aceh province`s Sabang international seaport which is now under construction is scheduled to commence operations in 2012, the port`s administrator said.
"The project is to support the economic growth of the Sabang Free Port and Trade Area," Sabang Port Administrator Teuku Saiful Ahmad said here on Friday.
Posted in Economic News | No Comments »
Tuesday, November 17th, 2009
Investment in the country may reach Rp2,000 trillion so that the average economic growth target of 7 percent in the coming five years is achievable, the investment chief said.
"It is not easy to attract an investment of Rp2,000 trillion but it is neither impossible. We will work hard to attract ...
Posted in Economic News | No Comments »
Thursday, November 12th, 2009
Unemployment rate in Indonesia in 2010 is estimated to still be in the range of 10 percent. Projected economic growth of only 5.5 percent were considered to be sufficient to absorb labor in the productive age.
"State budget is less clear in infrastructure improvements could not push the unemployment rate. Moreover, ...
Posted in Economic News | No Comments »
Wednesday, October 28th, 2009
Malaysia and Indonesia have very close relations and both countries can work together to play a bigger role in the region, said Datuk Seri Najib Tun Razak.
The Prime Minister said both countries could synergise their energies to play a bigger role on matters like the economy, climate change, disaster management ...
Posted in Economic News | No Comments »
