Business News
House budget committee revises rupiah exchange rate assumption
The House of Representatives budget committee revised on Wednesday the rupiah exchange rate assumption in the 2019 state budget bill to Rp 14,500 per US dollar from Rp 14,400 per US dollar as previously proposed by the government in a draft bill. Lawmakers and government representatives agreed on the revised figure after reviewing ongoing…
Indonesia Raises Import Taxes on 1,000-Plus Goods to Support Rupiah
Indonesia will raise import taxes on more than 1,000 goods, ranging from cosmetics to cars, as part of measures aimed at cutting imports and supporting a weak rupiah, Finance Minister Sri Mulyani Indrawati said on Wednesday (03/09). The import tax will be raised to up to 10 percent on 1,147…
Indonesia issues new rules for palm oil and other commodity exporters as rupiah slides
Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through Indonesian banks or branches of foreign banks in the country, the trade minister said on Tuesday, and part of a bid to prop up the ailing rupiah. The Indonesian currency <IDR=> has fallen about 9…
World Bank predicts Indonesia`s 2018 economic growth at 5.2 percent
The World Bank has predicted Indonesia`s economic growth to reach 5.2 percent throughout 2018, which is relatively the same as the government`s projection of 5.14-5.21 percent. "Economic growth is estimated at 5.2 percent this year and in 2019, and gradually increases to 5.3 percent by 2020," World Bank Director for…
