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Maikel Jefriando

Indonesia surprises with second rate cut in a row, eyes global slowdown

5:37am EDT

JAKARTA Indonesia's central bank, hoping it can spur faster growth at home despite a global slowdown, surprisingly cut its key interest rate for a second time in two months on Thursday.

UPDATE 2-Indonesia surprises with 2nd rate cut in a row, eyes global slowdown

5:29am EDT

* Low inflation helps make "pre-emptive" cut possible - governor

Indonesia president proposes $178 billion budget for 2020 with focus on education

Aug 16 2019

JAKARTA Indonesian President Joko Widodo on Friday proposed a 2,528.8 trillion rupiah ($177.56 billion) budget to parliament for 2020, focusing spending on human resources, which was central in his re-election campaign.

Indonesia president proposes to move capital to Borneo

Aug 16 2019

JAKARTA Indonesia's president on Friday proposed to move the capital from Jakarta, a crowded, polluted city of 10 million people, to the island of Borneo, though he left Indonesians guessing as to the exact location.

Indonesia central bank cuts rates for first time in nearly two years to fire up growth

Jul 18 2019

JAKARTA Indonesia's central bank cut its benchmark interest rate for the first time in nearly two years on Thursday in a bid to lift sluggish economic growth, moving as expected ahead of the U.S. Federal Reserve.

Indonesia drafting rules to apply VAT on online products and services

Jul 16 2019

JAKARTA Indonesia is drafting new rules to impose value added tax to online products and services provided by offshore companies, as authorities target a bigger slice of revenue from the country's fast-growing digital market, a top tax official told Reuters.

Indonesia business urges govt to raise tariffs on China steel

Jul 12 2019

JAKARTA, July 12 Indonesian business groups want the government to hike tariffs on Chinese steel to rein in cheap imports, as the Southeast Asian country's top steel producer said its restructuring would bring large layoffs.

Indonesia asks China for special fund under Belt and Road: ministers

Jul 03 2019

JAKARTA Indonesia has asked China to set up a special fund within its Belt and Road Initiative (BRI) for investment in Southeast Asia's largest economy, after offering China projects worth $91 billion, government officials said on Wednesday.

Indonesia president calls for unity after court upholds his election win

Jun 27 2019

JAKARTA Indonesia's Constitutional Court on Thursday upheld the victory of President Joko Widodo in April's election, dismissing allegations by the opposition that the vote to lead the world's third-biggest democracy was rigged.

UPDATE 3-Indonesia c.bank cuts bank reserve requirements, says next rate move is down

Jun 20 2019

* BI governor says rate cut a "matter of timing and magnitude"

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