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BI: economic slowdown in Q2 in line with stabilization scheme Indonesias economic slowdown in the second quarter of this year was in line with macro-economic stability policy adopted by the government and Bank Indonesia aimed especially to control inflation and current account deficit, the central bank said.

Posted in Economy @ 06 August 2014 10:09 CET by Blog Bot · permalink · 0 reactions


Minister: 'Domestic tourists causes economic growth' Domestic tourist visiting attractions across the country during the just completed Idul Fitri holiday grew dramatically, providing much needed income to the local economies during the traditional downturn in foreign visitors of the fasting month.

Posted in Tourism @ 12 September 2012 03:56 CET by Jeroen · permalink · 0 reactions


Indonesia braced for economic slowdown Indonesia is bracing itself for the possibility of an economic slowdown following the worsening crisis in Europe, said Finance Minister Agus Martowardojo here on Friday.

Posted in Economy @ 25 May 2012 15:27 CET by Blog Bot · permalink · 0 reactions


Indonesia's Q1 economic growth to reach 6.5 percent Despite the global financial crisis, economic growth in Indonesia is estimated to reach 6.5 percent in the first quarter of 2012, according to Bank Indonesia (BI).

Posted in General @ 08 March 2012 17:29 CET by Blog Bot · permalink · 0 reactions


Indonesia to lower economic growth target Indonesia will revise downward its growth target for the 2012 budget from 6.7 percent to 6.5 percent, Finance Minister Agus Martowardojo has said.

Posted in Economy @ 07 March 2012 14:16 CET by Blog Bot · permalink · 0 reactions


Indonesian central bank cuts rate by 25 basis points The Indonesian central bank on Wednesday reduced its benchmark interest rate for a seventh straight month by 25 basis points to 7.0 percent to help spur economic growth, the bank said in a statement. Indonesia's economy is struggling to achieve the 4.5 percent target set for this year.

Posted in Economy @ 04 June 2009 06:12 CET by Jeroen · permalink · 0 reactions


Indonesia named second best travel destination in Asia Indonesia was ranked second in GoAsia's The Best Travel Destination in Asia after Thailand while Malaysia was placed as the third best, the Jakarta Post reported quoting the Indonesia Foreign Ministry as saying on Friday. Go Asia, a German tourism institution, invited travel agents from all over the world to participate in the voting process on Wednesday in Berlin. The body also gave awards for Asia's best tourism organizations or tourism boards, airlines and tour operators.

Posted in Tourism @ 13 March 2009 06:00 CET by Jeroen · permalink · 0 reactions


Indonesia floods begin to recede amid disease risk Flood waters receded in parts of Indonesia's capital on Tuesday, but huge areas remained submerged heightening the risk of disease amid questions over why more had not been done to prevent the disaster. Businesses were also trying to assess the economic impact of the floods, which have caused blackouts, cut telecommunications and made many key roads impassable.

Posted in Flooding @ 07 February 2007 02:36 CET by Jeroen · permalink · 0 reactions


Foreign exchange reserves reaches record high Indonesia's foreign exchange reserves during the first three months of this year reached 41.1 billion U.S. dollars, a figure never recorded before, Bank Indonesia (BI) Governor Burhanuddin Abdullah said on Wednesday. "This is the highest figure ever recorded since the founding of the republic of Indonesia," Antara news agency quoted Abdulah as saying when presenting the bank's first quarter evaluation.

Posted in Economy @ 06 April 2006 07:03 CET by Jeroen · permalink · 0 reactions


Labor protest paralyzes part of downtown Jakarta About 10,000 Indonesian workers held a protest rally in Jakarta in a bid to force the government to scrap a proposed labor law, bringing traffic in the nation's capital to a standstill. The protest paralyzed a key road leading to the office of Vice President Jusuf Kalla, causing traffic jams near buildings housing the central bank and companies including PT Garuda Indonesia, the nation's biggest airline.

Posted in Protests @ 05 April 2006 11:00 CET by Jeroen · permalink · 0 reactions


Fuel imports slump as consumption declines Oil traders looking for a rebound in Indonesia’s oil demand that could resuscitate moribund diesel and gasoline markets may be in for a long wait as Indonesians have quickly learned to live with less fuel. Despite hopes for a quick recovery, consumers in Asia’s fifth-biggest oil user are burning nearly 20 percent or 200,000 barrels per day (bpd) less fuel than a year ago after the government doubled retail prices last October, industry officials say.

Posted in Economy @ 19 February 2006 10:59 CET by Jeroen · permalink · 0 reactions


Bank Indonesia may raise rates depending on inflation Indonesia's central bank will maintain a "tight-biased" monetary policy in the coming months which means its key interest rate may remain at 12.75 percent or be increased, Governor Burhanuddin Abdullah said. Bank Indonesia on Feb. 7 left its key policy rate unchanged for a second month to stem a slowdown in economic growth.

Posted in Economy @ 15 February 2006 09:09 CET by Jeroen · permalink · 0 reactions


Indonesia faces up to post-IMF reality After five years under the harsh tutelage of the International Monetary Fund (IMF), Indonesia, Southeast Asia's largest economy, is to break free from the IMF's bailout program and loan lifeline at the end of this year when its US$5 billion line of credit expires. A government committee has drafted an economic blueprint, a White Paper for post-IMF Indonesia that will be revealed on Friday, simultaneously with the draft budget for 2004, by President Megawati Sukarnoputri.

Posted in Economy @ 17 August 2003 00:02 CET by Jeroen · permalink · 0 reactions


Export fall hits Indonesia Indonesia's economy grew 3.66 per cent in 2002, but showed signs that exports and domestic consumption were faltering toward the end of the year, the Government said yesterday. The growth was largely fuelled by a pick-up in consumer spending, which recovered after collapsing following the 1997-98 Asian financial crisis.

Posted in Economy @ 19 February 2003 00:02 CET by Jeroen · permalink · 0 reactions


In what could be an industry first, Indonesian travel and tourism associations are to mount a joint campaign to oppose an attack on Iraq. Citing the small but steady recovery taking place in one of the country's leading foreign-exchange earning industries, the Indonesian Tourism Council and the Indonesian Tourism Promotion Board (ITPB) are rallying the support of several other industry associations in drafting a letter to the US embassy in Jakarta.

Posted in Violence @ 09 September 2002 00:00 CET by Jeroen · permalink · 0 reactions


It's the road from nowhere, but it's surprisingly busy. Mafalda Florindo and Isabella Antonine walk along it, smiling betel-stained grins as they talk about cloth they had just bought for a good price. A little farther, Alicin Soares, a rice grower, maneuvers his truck along the dusty track. His vehicle is filled with people, some of them smoking, and five jerricans of gasoline. Later Antonio Serrano arrives in a van filled with Coke and Fanta, 50 cases in all, to be sold at a tidy profit of $1 a case. He does the trip every day.

Posted in Politics @ 08 August 2001 00:00 CET by Jeroen · permalink · 0 reactions


As Jakarta loses control of its domestic situation, the region confronts a slowdown in foreign investment, a rise in Muslim extremism, and the threat of chaos — or even civil war — in Southeast Asia's largest country

Posted in Politics @ 23 June 2001 00:00 CET by Jeroen · permalink · 0 reactions
    
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