The Business Times
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rupiah

Asean Business

Indonesia unveils 26.34 trillion rupiah stimulus to offset external shocks and rupiah slide

Jeffrey Hendrik will serve a four-year term through 2030, according to the Indonesia Stock Exchange.
Asean Business

Indonesia taps capital markets veteran to boost confidence in struggling stock market

Bank Indonesia will likely raise its benchmark BI-Rate by 25 basis points to 5.75%, according to a Bloomberg survey.
Capital Markets & Currencies

Indonesia, Philippines set to hike rates as caution prevails: Bloomberg survey

If investors become unsure whether BI is prioritising growth, inflation or exchange-rate stability, risk premiums rise and policy credibility weakens, says an economist.
Asean Business

Bank Indonesia’s new mandate faces first market test after rate hike

The off-cycle rate hike was necessary because “the rupiah exchange rate has weakened more than expected” since Bank indonesia's last meeting.
Capital Markets & Currencies

Indonesia raises rates in surprise move to support sinking rupiah

The drawdown comes as the central bank intensified intervention in currency and bond markets to support the rupiah, which has weakened about 8% this year.
Capital Markets & Currencies

Indonesia’s foreign reserves suffer longest decline since 2018

For many, the current turbulence is not the result of a single week but the cumulative effect of a series of policy shifts under President Prabowo.
Asean Business

Indonesia’s crisis of confidence as markets decode Prabowo

The rupiah has weakened about 8%, while foreign investors have pulled billions of dollars from Indonesian bonds.
Asean Business

Indonesian officials vow again to steady rupiah, draw funds

Indonesian President Prabowo Subianto's recent move to take direct control of key commodity exports to curb tax evasion has triggered a sell-off in exporter stocks.
Asean Business

‘Sell Indonesia’ sweeps trading desks as Prabowo tightens grip

The sell-off is “mainly driven by rupiah weakness hitting record lows and pressure from a softer trade balance, especially with higher oil imports”, said Felix Darmawan, an analyst at BCA Sekuritas.
Asean Business

Indonesian market rout deepens as Prabowo policy risks mount

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