Edition:
India

Gayatri Suroyo

UPDATE 1-Indonesia c.bank holds fire on rates, vows to keep liquidity loose

19 May 2020

JAKARTA, May 19 Indonesia's central bank kept its policy rate steady on Tuesday to bolster market stability, but pledged to maintain ample cash in the financial system and said there was room to cut rates in the future to cushion Southeast Asia's biggest economy. ​ The move to leave Bank Indonesia's 7-day reverse repurchase rate unchanged at 4.50% was a surprise with 16 out of 26 analysts in a Reuters poll expecting a 25-basis point cut.

Indonesia central bank pledges liquidity support, cautions on rate cut as economy slows

06 May 2020

JAKARTA Indonesia's central bank chief pledged on Wednesday to provide as much liquidity as needed to support an economy that last quarter grew at its slowest in 19 years, but hinted that keeping the rupiah currency stable might prevent an early interest rate cut.

UPDATE 1-Indonesia c.bank pledges liquidity support, cautions on rate cut as economy slows

06 May 2020

* Gov says interest rate policy's priority is rupiah stability

Indonesia's first-quarter GDP growth weakest since 2001, recession looms

05 May 2020

JAKARTA Indonesia's economy grew at its weakest pace since 2001 in the first quarter, as the coronavirus pandemic halted business activity in Southeast Asia's largest economy and fuelled expectations of a looming recession.

In shadow of coronavirus, Muslims face a Ramadan like never before

25 Apr 2020

ALGIERS/CAIRO/JAKARTA Days before the holy fasting month of Ramadan begins, the Islamic world is grappling with an untimely paradox of the new coronavirus pandemic: enforced separation at a time when socialising is almost sacred. | Video

In shadow of coronavirus, Muslims face a Ramadan like never before

20 Apr 2020

ALGIERS/CAIRO/JAKARTA, April 20 Days before the holy fasting month of Ramadan begins, the Islamic world is grappling with an untimely paradox of the new coronavirus pandemic: enforced separation at a time when socialising is almost sacred.

S&P revises Indonesia's credit rating outlook to 'negative' amid virus outbreak

17 Apr 2020

JAKARTA S&P Global Ratings on Friday revised Indonesia's credit rating outlook to "negative" from "stable", indicating the rising financial risks the country faces as it ramps up government spending in response to the coronavirus outbreak.

UPDATE 1-Indonesia to expand tax breaks to more sectors to prevent 'bankruptcies'

17 Apr 2020

* Indonesia economy faces a "huge shock" due to global recession

UPDATE 2-Indonesia c.bank cuts RRR, says stance is "very loose"

14 Apr 2020

* RRR cut and other measures to add 117.8 trln rupiah of liquidity

Indonesia orders coronavirus transport curbs as death toll rises

12 Apr 2020

JAKARTA Indonesia on Sunday imposed curbs on public transport ahead of the annual exodus to home villages that marks the end of the Muslim fasting month, in a bid to slow the spread of the coronavirus in the world's fourth most populous country.

World News