Tag Archives: government

The Indonesian government is going on a streak to weather down external shocks affecting the country’s economic performance. After Bank Indonesia raised its seven-day repo rate by another 25 basis points to six percent on Thursday, the government announced on Friday that it had launched the 16th economic package aimed at relaxing regulations pertaining to investment. […]

The government has asked major exporters to park their export revenue in Indonesia and convert it into rupiah to help bolster the currency’s exchange rate. President Joko “Jokowi” Widodo made the call during his meeting with 40 top Indonesian exporters on Thursday at Bogor Palace in West Java. Also present at the meeting were Indonesia’s richest man, Robert Budi […]