The Today's Headlines section of Indonesia Investments is a regularly updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.
The central bank of Indonesia (Bank Indonesia) raised its benchmark interest rate (BI 7-day reverse repo rate) by 25 basis points (bps) after concluding its two-day policy meeting on 18-19 January 2023. Indonesia’s benchmark rate now stands at 5.75 percent. It also raised its deposit facility and lending facility rates by 25 bps to 5.00 percent and 6.50 percent, respectively.
Manufacturing activity continued to expand in the first month of 2023, even slightly accelerating from the preceding month. The S&P Global Indonesia Manufacturing Purchasing Managers’ Index (PMI) showed a reading of 51.3 points in January 2023, up modestly from 50.9 points in December 2022 (with 50.0 being the threshold that separates contraction from expansion in the manufacturing sector).
Indonesian Health Minister Budi Gunadi Sadikin said he will visit the World Health Organization (WHO) in March 2023 for a meeting with the institution’s top officials. In Indonesian media he was quoted saying that he will urge WHO officials to revoke the pandemic status as the COVID-19 virus doesn’t pose a threat anymore in many countries, including Indonesia.
On 5 February 2023, Indonesia Investments released the January 2023 edition of its monthly report. This report discusses and analyses a number of important economic, social and political topics (all related to Indonesia) that were relevant in the month of January 2023.
