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Bank Indonesia revises down economic growth target Bank Indonesia (BI) revised down its prediction of economic growth in 2014, from its initial 5.5-5.9 percent to 5.1-5.5 percent. "The factor that had made us revise the economic growth target down is the revision of export performance," BI governor Agus Martowardojo said at a press conference here on Thursday.

Posted in Economy @ 08 May 2014 21:23 CET by Blog Bot · permalink · 0 reactions


Rupiah-USD exchange rate sluggish after market open After remaining closed for several days on account of public holidays, markets in Indonesia opened on Thursday, with the rupiah to US dollar exchange rate staying sluggish. Jakarta interbank transactions fixed the rupiah`s exchange rate against the USD at Rp9,485 per US dollar.

Posted in Earthquake @ 23 August 2012 13:48 CET by Blog Bot · permalink · 0 reactions


Bank Indonesia: 'Bank credit grows 26 percent' Bank credit grew 26 percent in April year-on-year, beating earlier estimates of 23-24 percent. Central bank deputy governor Halim Alamsyah said here on Monday that such growth indicated that the domestic economy was doing well.

Posted in Economy @ 07 May 2012 13:41 CET by Blog Bot · permalink · 0 reactions


Bali to have second airport in 2014? Indonesiaís Minister of Culture and Tourism, Jero Wacik, claims the construction of a new international airport in Buleleng, North Bali, is important to evenly distribute tourism visitors across the island. Wacik says that an airport in the north will split visitors across both the northern and southern regions of Bali.

Posted in Economy @ 12 September 2011 05:19 CET by Jeroen · permalink · 0 reactions


Indonesia's central bank slashes interest rate by 50 basis points The Indonesian central bank on Wednesday cut its benchmark interest rate by a half percentage point to 7.75 percent to boost economic growth and reduce unemployment, the bank said in a statement. Easing inflation and the fall of overseas sales have triggered governor Boediono and his seven colleagues to reduce the rate, which is more than the expected 25 basis points.

Posted in Economy @ 05 March 2009 09:51 CET by Jeroen · permalink · 0 reactions


Indonesian exports mark biggest drop in 22 years Indonesia's exports fell 36 percent in January from a year ago, the biggest drop since 1986, amid plunging demand for the country's vast natural resources and manufactured goods, the statistic's agency reported Monday. The downward trend - which began in October - was in line with declines in exports from other nations across Asia.

Posted in Economy @ 03 March 2009 11:36 CET by Jeroen · permalink · 0 reactions


Indonesia in largest Asian debt sale for five years Indonesia has completed the largest Asian debt sale for five years by selling $3bn in sovereign bonds in a dual-tranche transaction to fund a stimulus package aimed at mitigating the impact of the global crisis. The yields were 11.75 per cent on a $2bn 10-year offer and 10.5 per cent on a $1bn five-year offer. These were higher than expected, and both more than 8.4 percentage points higher than similar US Treasuries. But Sri Mulyani Indrawati, finance minister, told the Financial Times that the price was worth paying to ensure the "security of the whole national economy".

Posted in Economy @ 27 February 2009 05:02 CET by Jeroen · permalink · 0 reactions


Indonesia urges Australia to back global crisis fund The Indonesian Trade Minister has expressed hopes that Australia will support a key Indonesian proposal at the G20 meeting in April. Mari Pangestu says she would like Canberra to canvass rich nations to commit to a fund to support developing countries through the global financial crisis at the G20 talks in London.

Posted in Economy @ 19 February 2009 13:39 CET by Jeroen · permalink · 0 reactions


Indonesian government to launch massive stimulus plan Indonesia unveiled its stimulus package worth 71.3 trillion rupiahs (about 4.75 billion euro) or 1.4 percent of its GDP to boost economy amid the threat of global financial crisis, the Jakarta Post reported Wednesday.

Posted in Economy @ 28 January 2009 04:37 CET by Jeroen · permalink · 0 reactions


Kalla orders extension of runway at Yogyakarta airport Vice-President Jusuf Kalla has ordered the Minister of Transport, Jusman Syafii Djamal, and the director of Indonesian airport operator PT Angkasa Pura I, Bambang Darwoto, to speed up the extension of the runway at Yogyakarta International Airport Adi Sucipto. Kalla hopes that at the end of the year the airport can be used to receive big airplanes so that the number of tourists will increase.

Posted in General @ 18 January 2009 03:26 CET by Jeroen · permalink · 1 reaction


Indonesia to launch stimulus to boost economy Indonesian President Susilo Bambang Yudhoyono said Wednesday his country will launch a stimulus this year to boost economic growth as an effort to cushion the deepening impact of global recession. "There is a stimulus on top of the state budget in 2009," Yudhoyono told at a press conference after a cabinet meeting.

Posted in Economy @ 03 January 2009 05:16 CET by Jeroen · permalink · 0 reactions


Need for fuel does not decline with higher prices For most Indonesians it came as unexpected as ever. With a shortage of foreign news, strictly regulated by the Indonesian government, it was not in the line of expectations of the average man in the street that fuel prices might just be hiked with one third all of a sudden. However almost the entire population of this planet knows what the current market price of a barrel of crude oil is - somewhere about 130 US dollar - Indonesia assumed that everything was fine. Use of fuel would decrease, prices would come down and nationwide production was to rise as well.

Posted in General @ 31 May 2008 00:00 CET by Jeroen · permalink · 5 reactions


Just outside Sengkang we brought a visit to some houses with traditional weaving installations under their house. In this way they are protected from the sunís direct heat and they are working close to home. Itís nice to see the fabrics being produced in front of your nose, too bad itís nothing for me to buy something like it. If you ever want to buy something like it, you can choose from all kinds of natural dyes. If you which they can put real gold in it as well. Everything is for sale, however the people producing it, do wear it themselves as well.

Posted in Travel @ 13 November 2004 00:00 CET by Jeroen · permalink · 0 reactions


Megawati unveils 2001 draft budget Vice President Megawati Soekarnoputri unveiled on Monday the draft 2001 state budget which will be unlikely to provide any stimulus to the economy because quite a large portion of the spending will go on servicing government debt and financing subsidies. The budget envisages state revenues at Rp 243 trillion (US$27.93 billion)and total spending at Rp 295.1 trillion, resulting in an estimated deficit of Rp 52.1 trillion or 3.7 percent of gross domestic product (GDP).

Posted in Politics @ 02 October 2000 00:01 CET by Jeroen · permalink · 0 reactions
    
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