Indonesia's foreign debt, which includes government and private sector borrowings, in the third quarter of this year was recorded at 408.5 billion USD, a drop by 3.8 percent year-on-year, compared to 5.1 percent in the previous quarter, Bank Indonesia (BI) announced on November 16.
The number of small and medium enterprises (SMEs) using online platforms for their business in Indonesia has risen to around 10.2 million as the COVID-19 pandemic speeds up digitalisation, a minister has said.
The Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have announced the extension of their 10-billion-USD bilateral financial arrangement for another year.
Bank Indonesia (BI) and the People’s Bank of China (PBOC) on September 30 signed a memorandum of understanding (MoU) to establish a framework promoting the use of local currencies for trade and direct investment.
Bank Indonesia (BI) reported on August 18 that the balance of payments (BoP) of the country had a surplus of 9.2 billion USD in the second quarter of 2020.
Indonesia’s foreign exchange (forex) reserves increased to 135.1 billion USD in July, the highest level ever, following the government’s move to issue global bonds, Bank Indonesia (BI) has announced.
Indonesia’s Financial Services Authority (FSA) has revised the country’s credit growth down to just 4 percent this year compared to 2019 - far from the initial 11 percent.
The World Bank has warned that the Indonesian economy might contract 2 percent this year if mobility restrictions are further implemented to contain the spread of COVID-19, local media reported.
Factory activity in Indonesia fell to its lowest level ever in the second quarter, as the COVID-19 pandemic caused a slump in demand and disrupted supply chains, according to a survey conducted by the Bank Indonesia (BI).
Indonesia’s retail sales index shrank by 20.6 percent in May, the biggest reduction since 2008, mostly due to plunging clothes sales and cultural and recreational spending, according to a survey by the Bank Indonesia (BI).
Bank Indonesia (BI) on July 6 warned that though consumer confidence improved in June, but basically, people remain pessimistic about the country’s economy.
Indonesia’s consumer confidence index (IKK) dropped to 77.8 in May from 84.83 in the previous month, indicating consumer pessimism about the domestic economy’s prospects, a Bank Indonesia (BI) survey has shown.
Foreign investors are starting to put their money back into Indonesian assets as countries around the world begin to ease their COVID-19 restrictions, spurring hopes of a global economic recovery
Indonesia posted a net inflow of 4.1 billion USD from April to May 14, after recording a net outflow of 5.7 billion USD in the first quarter of 2020, said Bank Indonesia (BI) Governor Perry Warjiyo on May 19.
Since the start of the COVID-19 crisis, Bank Indonesia (BI) has been strengthening its policy mix to stabilise the rupiah, control inflation, support financial system stability and prevent a further decline in economic activities.
The Bank Indonesia (BI) on May 6 committed extra efforts to bolster the economy in the context that the country’s economic growth is forecast to weaken 0.4 percent in the second quarter due to coronavirus containment measures.
The Bank Indonesia (BI) has injected 503.8 trillion Rp (around 32.7 billion USD) into banks and the debt market to stabilise the rupiah and help support the government’s financing needs to combat the economic shocks of the COVID-19 pandemic.
Bank Indonesia (BI) has directly purchased 1.7 trillion Rp (108 million USD) worth of sharia sovereign bonds during an auction held by the government in its first such purchases in the primary market.
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