JAKARTA Indonesia's imports in April shrank at the fastest pace in nearly five years, underlining weak domestic demand and as its export markets were disrupted by the coronavirus pandemic, trade data showed on Friday.
JAKARTA, March 24 Indonesia is discussing
raising the limit on the country's fiscal deficit as a
proportion of GDP above an existing 3% legal limit to aid the
fight against coronavirus and to shield the economy, its deputy
finance minister said on Tuesday.
SEOUL/JAKARTA South Korea prepared crisis funds to put a floor under crashing bond and stock markets on Thursday as the coronavirus pandemic led to heavy sales of riskier assets worldwide and a scramble in emerging markets for the safety of U.S. dollars.
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JAKARTA Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that the changes could underpin an expansion in polluting coal and threaten environment protection.
JAKARTA Indonesia plans to set up or designate a state firm to carry out upstream oil and gas activities, to try to curb red tape and regulations that are blamed for hindering investment in Southeast Asia's biggest economy.
JAKARTA Indonesia will take control of new mining permit issuance under a proposed new law which is part of government efforts to boost investment by removing red tape and reducing regulations.
JAKARTA Bank Indonesia intervened in spot foreign currency trading as well as domestic non-deliverable forward and bond markets on Monday to stabilize the rupiah, an official said, as the currency fell 0.5% to the weakest since mid-January.
JAKARTA Indonesia's PT Bumi Resources is looking into building a coal gasification plant potentially worth more than $1 billion, a director said on Wednesday, noting such a move would support Indonesian plans to reduce its reliance on energy imports.