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6 days ago | 
gurutrade.com | Dewi Kurniawati |John Mair |Saad Sayeed
JAKARTA, April 18 (Reuters) - Indonesia will increase imports of U.S. food and commodities and reduce orders from countries the Southeast Asian nation currently buys the products from, chief economic minister Airlangga Hartarto told reporters in Washington.
Airlangga is in Washington as part of a delegation of senior officials to meet U.S. counterparts for talks on a 32% tariff on Indonesian exports, which has been paused for 90 days.
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2 weeks ago | 
mining.com | Ananda Teresia |John Mair
An Indonesian regulation that raises the royalties paid by mining companies on commodities such as coal, nickel, copper, gold and tin will take effect in the second week of April, the mining minister said on Wednesday. The regulation seeks to improve industry governance and will raise royalties of metal products based on price levels, including introducing progressive rates for metals such as nickel ore, nickel matte and ferronickel.
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2 weeks ago | 
gurutrade.com | Stefanno Reinard Sulaiman |John Mair
JAKARTA, April 9 (Reuters) - Indonesia's central bank will act boldly to maintain rupiah stability by intervening in the spot, domestic non-deliverable forwards, and bond markets, a deputy governor said on Wednesday after the rupiah hit a record low against the dollar.
Senior deputy governor Destry Damayanti told Reuters that moves in domestic bonds on Wednesday indicated that investors still had confidence in the sovereign bond market.
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2 weeks ago | 
gurutrade.com | Gayatri Suroyo |Fransiska Nangoy |John Mair
JAKARTA, April 8 (Reuters) - Indonesia's annual inflation rate was 1.03% in March, the statistics bureau said on Tuesday, missing market expectations and also staying below the central bank's target range for the third consecutive month.
A Reuters poll of analysts had expected an annual inflation rate of 1.17% in March. Bank Indonesia targets inflation within a range of 1.5% to 3.5%.
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1 month ago | 
gurutrade.com | Bernadette Christina |Rajendra Jadhav |John Mair |Rashmi Aich
JAKARTA/MUMBAI, March 17 (Reuters) - Indonesia's crude and refined palm oil exports surged 62.2% in February from a month ago to reach a four-month high, the statistics bureau said on Monday, as Jakarta's move to lower export taxes attracted buyers away from Malaysia.
Higher palm oil exports from Indonesia, the world's biggest producer of the tropical oil, will help in bringing down stocks and support prices that are currently holding a premium over rival soyoil .
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1 month ago | 
gurutrade.com | Stefanno Reinard Sulaiman |Gayatri Suroyo |John Mair
JAKARTA, March 13 (Reuters) - Indonesia's government is maintaining its forecast that the budget deficit will be 2.53% of GDP this year despite a 30% plunge in tax revenues in the first two months of 2025, the finance minister said on Thursday.
Southeast Asia's largest economy ran a budget deficit of 31.2 trillion rupiah ($1.9 billion) in January to February, equal to 0.13% of gross domestic product, compared with a surplus of 26 trillion rupiah, or 0.11% of GDP, a year earlier.
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1 month ago | 
gurutrade.com | Phuong Nguyen |Phương Nguyên |John Mair
HANOI, March 6 (Reuters) - Vietnam posted a rare monthly trade deficit in February as imports surged during the month, government data showed on Thursday, though the country's surplus with the United States increased in the opening months of 2025.
The Southeast Asian nation, a regional manufacturing hub, is heavily dependent on export-driven economic growth and faces risks from global trade disputes, including the potential imposition of tariffs by the United States.
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1 month ago | 
gurutrade.com | Fransiska Nangoy |Stefanno Reinard Sulaiman |John Mair |Lincoln Feast
February CPI fell 0.09% y/y, first deflation since March 2000
February deflation due to 50% discount in electricity tariffs
CPI below Bank Indonesia's target range at 1.5% to 3.5%
JAKARTA, March 3 (Reuters) - Indonesia's consumer price index fell for the first time in more than two decades in February, official data showed on Monday, after the government gave a substantial discount on electricity bills to support economic growth.
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1 month ago | 
gurutrade.com | Stanley Widianto |Ananda Teresia |John Mair
JAKARTA, Feb 26 (Reuters) - Apple will soon be able to sell its iPhone 16 phones in Indonesia after the two sides agreed on a number of deals, including a manufacturing plant and a research and development centre, the industry minister said on Wednesday.
Apple will soon obtain a local content certificate, which is needed for sales of the handset to be permitted, Agus Gumiwang Kartasasmita told reporters.
He did not say when the certificate would be issued.
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1 month ago | 
gurutrade.com | Stefanno Reinard Sulaiman |Gayatri Suroyo |John Mair
JAKARTA, Feb 26 (Reuters) - Indonesia's central bank has agreed to provide 130 trillion rupiah ($7.9 billion) to support President Prabowo Subianto's affordable housing programme, presidential adviser Hashim Djojohadikusumo said on Wednesday.
"BI has agreed to provide 130 trillion (rupiah) to support the housing sector. They decided last week," Hashim said at an economic forum. He did not elaborate, but said foreign investors had also offered to be involved in the programme.
