Grace Marnida Sihombing

2 weeks ago | bloomberg.com | Grace Marnida Sihombing |Claire Jiao

The Bank Indonesia headquarters in Jakarta. (Bloomberg) -- Indonesia’s central bank stands ready to stabilize the rupiah from the trade war uncertainty, after it cut its benchmark interest rate to address slowing economic growth. Bank Indonesia “remains vigilant and will not hesitate to stabilize the rupiah through market intervention,” Governor Perry Warjiyo said on Wednesday after reducing the BI-Rate by 25 basis points to 5.5%, its lowest level since 2022.

1 month ago | bloomberg.com | Claire Jiao |Grace Marnida Sihombing

Prabowo Subianto (Bloomberg) -- While Indonesia’s economic growth was largely expected to slow in the first quarter, few predicted a key drag would come from President Prabowo Subianto’s new government. Data released this week underscored the extent to which Prabowo’s order for billions of dollars in spending cuts in the first months of his presidency effectively put existing government projects on hold without creating significant new drivers of growth.

1 month ago | thestar.com.my | Claire Jiao |Grace Marnida Sihombing

HANOI  (Bloomberg): South-East Asian nations are pledging to increase purchases of a swathe of US goods to strengthen their case for lower tariffs, as the International Monetary Fund warned of significant economic fallout for the trade-reliant region. Indonesia offered to buy more soybeans and wheat from the US, while Thailand could import more corn and the Philippines frozen meat, their respective governments announced this week.

1 month ago | bloomberg.com | Claire Jiao |Grace Marnida Sihombing

An F-15EX fighter jet. (Bloomberg) -- Southeast Asian nations are pledging to increase purchases of a swathe of US goods to strengthen their case for lower tariffs, as the International Monetary Fund warned of significant economic fallout for the trade-reliant region. Indonesia offered to buy more soybeans and wheat from the US, while Thailand could import more corn and the Philippines frozen meat, their respective governments announced this week.

1 month ago | bloomberg.com | Grace Marnida Sihombing |Claire Jiao

Perry Warjiyo(Bloomberg) -- Indonesia’s central bank will keep looking for an opportunity to cut interest rates when the currency allows it, as policymakers flagged early signs of the global trade war hitting the nation’s economic growth and bank lending. In the short-term, though, Bank Indonesia will prioritize rupiah stability and keep intervening to support Asia’s worst-performing currency as US President Donald Trump’s tariff threats likely stir more volatility.