Business News

Rupiah strengthens to Rp 14,451 per US dollar

The rupiah strengthen to Rp 14,451 per United States dollar on Friday, 0.43 percent stronger than its value the previous day, which was Rp 14,513 to the dollar, according to the Jakarta Interbank Spot Dollar Rate (JISDOR).Bloomberg reported the rupiah at Rp 14,457 per US dollar in the foreign exchange…

Government to boost spending to help economy grow in Q2

The government has pledged to boost spending in the second quarter to significantly boost gross domestic product (GDP) growth.Finance Minister Sri Mulyani Indrawati said on Thursday that in the first four months, government spending, which grew 11.8 percent year-on-year (yoy) to Rp 370 trillion (US$25.57 billion), was an important aspect…

BI projects 0.51 percent inflation in May

Bank Indonesia projects inflation at 0.51 percent in May, higher than the previous month, with year-on-year (yoy) inflation estimated at 3.14 percent.In April, the inflation rate was recorded at 0.44 percent.BI Governor Perry Warjiyo said the factors that pushed inflation up was mainly airfares, red chili and garlic, while deflationary…

Bank Indonesia to close from June 3 to 7

Bank Indonesia (BI) has announced it will not operate from June 3 to 7, when Muslims celebrate the Idul Fitri holiday, marked by the exodus of millions of people to their hometowns.In a statement published on its official website, BI said the decision was made in reference to a joint…
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