BI pushes loan growth down to 9-11%
Jakarta (ANTARA) - Bank Indonesia (BI) has revised loan growth in 2020 from 10 to 12 percent to 9 to 11 percent, stating that this is a short-term impact of the COVID-19 outbreak that could …
Read MoreCovid-19 hampers global economic recovery: BI
Jakarta (ANTARA) - The global economic recovery process has been hampered by the Covid-19 (coronavirus disease 2019) outbreak since the end of January 2020. Nevertheless, the Phase 1 Trade Deal agreed between the United States …
Read MoreBI lowers benchmark interest rate to 4.75%
Jakarta (ANTARA) - The Bank Indonesia Board of Governors agreed on 19th and 20th February, 2019 to lower the BI 7-day Reverse Repo Rate by 25 bps to 4.75 percent. The Deposit Facility (DF) rates …
Read MoreAll countries compete to draw foreign investment: Jokowi
Jakarta (ANTARA) - President Joko Widodo (Jokowi) pointed to the competition among countries in the world, including Indonesia, to attract foreign investment to boost their economies.
"The more foreign investment inflow we have, the faster …
Read MoreFlooding hits some 100 homes in East Jakarta’s Cawang
Jakarta (ANTARA) - The Ciliwing River overflowed its bank, triggering floods that swamped some 100 homes in Cawang, East Jakarta, on Thursday afternoon.
"Some 100 houses in RT (neighborhood unit) 09, RT10, RT11 and RT12, …
Read MoreInvestment drives economic growth: Jokowi
Jakarta (ANTARA) - President Joko Widodo (Jokowi) believes investment is a means to spur economic growth amid the sluggish global economy.
"Investment is the only way to boost economic growth," the president noted in his …
Read More