• Bank Indonesia to Adopt 7-Day Reverse Repurchase Rate as Key Monetary Tool

    The central bank of Indonesia (Bank Indonesia) plans to adopt a new tool of monetary policy that is to replace the existing benchmark interest rate (BI rate). On Friday (15/04), Bank Indonesia will announce and elaborate on the new policy. Earlier, Indonesia's central bank said it was studying the implementation of a seven-day reverse repurchase rate (reverse repo) as the nation's new benchmark that is to influence borrowing costs and market liquidity more effectively. The new policy would mean Bank Indonesia sells securities with an agreement to buy them back within a seven-day period.

    Lanjut baca ›

  • Indonesian President Joko Widodo to Visit the Netherlands on 21-22 April

    For the first time in 16 years an Indonesian president will visit the Netherlands. Starting on 21 April 2016 Indonesian President Joko Widodo will pay a two-day state visit to the former colonial masters as the last part of his short visit to the European Union. The main aim of the visit to the Netherlands is to enhance economic ties between both nations. Widodo (often called "Jokowi") will be welcomed by Dutch King Willem-Alexander, meet Dutch Prime Minister Mark Rutte, visit Maasvlakte 2 (a major civil engineering project in the port city of Rotterdam), and meet various Dutch businessmen.

    Lanjut baca ›

  • Indonesia May Impose Excise Tax on Plastic Bottles & Packaging

    The government of Indonesia proposes to impose an excise tax of at least IDR 200 (approx. USD $0.02) on plastic bottles and packaging. This proposal is part of talks about revisions to the 2016 State Budget (APNB-P 2016). Later this week, the government will discuss the matter with Indonesia's House of Representatives (DPR). Around the globe several countries (including Great Britain and India) have imposed such an excise tax on plastic bottles and packages, both for additional tax revenue and as a measure to protect the environment.

    Lanjut baca ›

  • Asian Stocks Strong on China's Trade Data, Weaker Yen & Oil Outlook

    Most stocks in Asia were higher on Wednesday (13/04) supported by positive trade data from China and heightened expectation of an "oil output freeze deal" at the OPEC meeting coming Sunday in Doha. Indonesia's benchmark Jakarta Composite Index rose 0.49 percent to 4,853.00 points, a modest result compared with Japan's Nikkei 225 Index (+2.84 percent), Singapore's Strait Times Index (+2.69 percent), and China's Shanghai Composite Index (+1.42 percent).

    Lanjut baca ›