Wednesday, November 13, 2013
Indonesia's central bank unexpectedly raised its key interest rate Tuesday to rein in a widening current account deficit blamed for exacerbating recent turmoil in Southeast Asia's top economy.
Monday, November 4, 2013
After years of being overrun by a racketeering mafia, drug addicts and prostitutes, Southeast Asia's biggest textile market is cleaning up its act in an effort to win back droves of shoppers.
Monday, September 23, 2013
The government has called on local business people to seriously capitalize on markets in neighboring Southeast Asian countries by boosting exports ahead of the creation of a single market by the end of 2015.
Tuesday, September 17, 2013
Some local airlines have decided to scale back their fleet expansion plans and reduce their promotion expenditure as the rupiah's fall against the U.S. dollar has began to affect their businesses.
Monday, September 9, 2013
With the rupiah sinking, George Lee, 59, a Singaporean chef working in Jakarta, feels lucky to be paid in Singapore dollars. Two years ago, he would get 7,000 rupiah for every Singapore dollar. Now, he gets over 9,000 rupiah.
Tuesday, September 3, 2013
Indonesia's trade deficit unexpectedly hit a record high in July, data showed Monday, heaping pressure on policymakers to shore up the economy which is facing a grim future as investors flee.
Saturday, August 24, 2013
Indonesia on Friday unveiled measures aimed at boosting confidence in Southeast Asia's biggest economy after huge outflows of foreign capital this week sent stocks and the rupiah tumbling.
Friday, August 2, 2013
Indonesia's inflation hit its highest level in July since early 2009 after a fuel price hike and an increase in the cost of food during Ramadan, official data showed Thursday.
Tuesday, July 16, 2013
Demand for condominiums in Jakarta and nearby areas has grown in the past few years due largely to robust economic growth as well as the scarcity of land in the capital city.
Monday, July 15, 2013
Indonesian President Susilo Bambang Yudhoyono has told his ministers not to play blame games among themselves in relation to stabilizing beef prices, which continue to soar. According to the president, soaring beef prices are related to problems in issuing an import permit.