Norman Harsono

2 weeks ago | bloomberg.com | Norman Harsono |Grace Olivia Sihombing

Indonesia will send a team including veteran Finance Minister Sri Mulyani Indrawati to Washington D.C. for trade talks next week, part of the Southeast Asian nation’s initial response to being among the hardest hit economies globally by higher US tariffs. Indrawati will join a delegation led by Coordinating Economic Minister Airlangga Hartarto to convey Indonesia’s stance to US officials, according to a presidential palace statement late Monday. The team will also include Foreign Minister Sugiono.

2 weeks ago | bloomberg.com | Marcus Wong |Norman Harsono

Bank Indonesia intervened in the offshore rupiah market ahead of what could be a turbulent reopening for the currency Tuesday after over a week-long holiday. The central bank has intervened in the offshore non-deliverable forwards market to stabilize the rupiah, it said in a statementBloomberg Terminal Monday, adding it will “aggressively” intervene in the onshore markets too when they reopen on Tuesday.

2 weeks ago | bloomberg.com | Grace Marnida Sihombing |Norman Harsono

Indonesia pledged to ease trade rules as it seeks to negotiate with the US on the latter’s plan to impose a 32% tariff on products from Southeast Asia’s largest economy. President Prabowo Subianto ordered his cabinet to simplify regulations, including by easing non-tariff barriers, after the US announced the reciprocal tariff on Indonesia, the Coordinating Ministry of Economic Affairs said in a statement on Thursday.

3 weeks ago | news.bloombergtax.com | Norman Harsono

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3 weeks ago | bloomberg.com | Grace Olivia Sihombing |Norman Harsono

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