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International

Gayatri Suroyo

UPDATE 2-Indonesia c.bank holds key rate as activity picks up, eyes Fed tapering

5:55am EDT

* C.bank keeps benchmark rate at 3.50% for 7th straight review

Indonesia clings to coal despite green vision for economy

Sep 20 2021

JAKARTA Even as Indonesia wins cautious praise from some green groups for ambitious plans to cut carbon emissions, the world's biggest exporter of thermal coal shows no sign of weaning itself off the polluting fuel any time soon.

Indonesia's August exports, trade surplus hit record as resources boom

Sep 15 2021

JAKARTA (Reuters) -Indonesia's exports hit a record high of $21.42 billion in August, boosted by surging commodity shipments, helping Southeast Asia's biggest economy post its largest ever monthly trade surplus, official data showed.

Indonesia's B40 biodiesel plan faces new delay due to palm price

Aug 26 2021

JAKARTA Indonesia's plans to raise the mandatory bio-content in its palm oil-based biodiesel to 40% may face further delays, after the high price of the vegetable oil has made the programme too costly, a senior government official told Reuters.

UPDATE 3-Indonesia unveils $30.5 bln bond sale scheme with c.bank for 2021, 2022

Aug 24 2021

* Rise of Delta variant the main reason of new agreement (Adds comments from Tuesday morning news conference)

Indonesia's central bank keeps rates at record lows, prepares for U.S. tapering

Aug 19 2021

JAKARTA Indonesia's central bank held its benchmark interest rate at a record low on Thursday as it tries to continue to support the economy's recovery from the coronavirus pandemic without adding downward pressure on the rupiah currency.

UPDATE 2-Indonesia proposes $188 bln 2022 budget with shrinking fiscal deficit

Aug 16 2021

* 2022 budget deficit f'cast at 4.85% of GDP; vs 5.82% in 2021 (Adds comments by analysts)

Indonesia's fiscal plans on track despite virus surge, finmin says

Aug 06 2021

JAKARTA, Aug 6 Indonesia's plans to gradually taper its pandemic-induced fiscal support will not change, even though the government has had to adjust spending plans to fight a devastating new COVID-19 wave, its finance minister told Reuters on Friday.

UPDATE 1-Indonesia monitoring virus impact on companies, spillover risk -finmin

Aug 06 2021

JAKARTA, Aug 6 Indonesian financial authorities are assessing the economic impact of a surge in COVID-19 cases, including the effect on the corporate sector and the spillover risk to the financial system, Finance Minister Sri Mulyani Indrawati said on Friday.

Indonesia exits recession with 7% GDP growth in Q2, but virus clouds recovery

Aug 05 2021

JAKARTA (Reuters) -Indonesia pulled out of recession in the second quarter, reporting its strongest annual growth rate in 17 years, but analysts warned its economic recovery will suffer a setback due to a recent surge in COVID-19 infections.

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