A magnitude 6.1 earthquake struck off Sumatra in Indonesia and was the third in the region since early this morning, according to the country’s geophysical agency. Indonesia’s Meteorology and Geophysics Agency (BMKG) recorded the earthquake off the Medway Islands, which are also off the west coast of Sumatra, just before 10:30 local time and noted […]
Tag: Indonesia
Indonesia’s central bank raises interest rates by 25 basis points to 3.75%
Indonesia’s central bank raised its seven-day reverse repo rate in a precautionary move to combat inflation, which is expected to continue rising. Bank Indonesia raised interest rates by 25 basis points to 3.75%, against estimates that expected no change. The central bank also increased the overnight deposit facility by 25 basis points to 3%, while […]
Indonesia: Trade surplus widened further in June – UOB
The UOB Group economist Enrico Tanuwidjaja evaluates the latest figures of the balance of trade in Indonesia. Key points “Indonesia achieved a trade surplus of $5.1 billion in June, the third highest compared to the all-time high of $7.5 billion in April 2022.” “Exports soared 40.7% yoy in June (vs. 27.0% in May), significantly higher […]
Indonesia scraps palm oil export tax to reduce bulging stocks
Indonesia will waive its palm oil export levy by the end of August in a new bid to boost shipments and reduce its glut of stocks, Bloomberg reports. The export levy is being reduced to zero from $200 a tonne on crude palm oil from July 15, according to a rule posted on the finance […]
Indonesia: G20 agreed on most issues despite no announcement
Economic leaders of the Group of 20 largest economies have agreed on most issues, including efforts to tackle food insecurity, despite failing to reconcile differences over members’ views on the war in Ukraine, Indonesia said today, according to with Bloomberg. Indonesian Finance Minister Sri Mulyani Indrawati said G20 economic leaders at their meeting in Bali […]
Zelenski’s message to Putin was conveyed by the President of Indonesia
Indonesia will continue cooperation with Russia, Indonesian President Joko Widodo told reporters today after his meeting in Moscow with Russian President Vladimir Putin, while announcing that he had given his Russian counterpart a message from Ukrainian leader Volodymyr Zelensky. without revealing its contents. “I delivered a message from President Zelensky to President Putin,” he said […]
The Indonesian president will visit Ukraine and Russia
Indonesian President Joko Widondo said today that he would urge his Russian and Ukrainian counterparts to open a door to dialogue during his mission to bring peace to the two countries and that he would ask Russian President Vladimir Putin to order immediate truce. “The war must end and the global food supply chains need […]
Indonesia: 26 missing after ferry wreck in Makassar Strait
Twenty-six people are reported missing after an Indonesian ferry sank in the Makassar Strait, which separates the islands of Sulawesi and Borneo, authorities announced today. The wreck occurred on Thursday due to bad weather, but the news was not known to the authorities until today, the head of the rescue services, Juanidi (who, like many […]
Bloomberg: Musk plans to travel to Indonesia to investigate possible investments
Elon Musk, the richest man in the world, is considering visiting Indonesia to explore investment opportunities in the resource-rich Southeast Asian country, according to Bloomberg. The CEO of Tesla and SpaceX met on Saturday with Indonesian President Joko Widodo at the rocket maker in Boca Chica, Texas, during which Widodo extended an invitation. “I hope […]
Indonesia: Ministry reports 15 cases of acute hepatitis after death of three children
Indonesia has identified 15 cases of acute hepatitis of unknown origin after recording three deaths of children, said today in a press conference the Minister of Health Buddy Gunadi Sadikin. The World Health Organization announced last week that it has received reports from 20 countries of at least 228 possible cases of childhood hepatitis or […]