The central bank of Indonesia (Bank Indonesia) made a surprising move on Wednesday (15 January 2025) by cutting its benchmark interest rate by 25 basis points (bps) to 5.75 percent.

The VAT rate hike for luxury goods (from 11 percent to 12 percent per January 2025) makes it more expensive for people to buy luxury cars (although these only constitute a small portion of total car ...

Analysts feel that the cryptocurrency market in Indonesia can get a wave of fresh air now that the supervision of crypto trading in Indonesia was transferred from the Commodity Futures Trading ...

Based on the latest data from Indonesia’s Statistical Agency (BPS), Indonesia’s trade balance showed a surplus of USD $4.42 billion in November 2024. It was the second-biggest trade surplus so far in ...

Erick Thohir, Indonesian Minister of State-Owned Enterprises, confirmed that a merger is being planned between three state-owned airlines, namely: (1) Garuda Indonesia, (2) Citilink Indonesia, and (3) ...

On Monday 6 January 2025, it was announced by Brazil - which currently holds Chairmanship - that Indonesia has officially become a full member of the BRICS bloc, an intergovernmental organization that ...

Indonesian Investment Minister Rosan Roeslani said his side and Apple agreed on a USD $1 billion investment plan in an AirTag manufacturing plant on Batam. This would only involve the first phase of ...

In essence, the Indonesian rupiah showed the same performance in 2024 as it did in the previous four years, namely it continued to weaken against the US dollar, albeit (the outlook for) interest cuts ...