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JAKARTA: Indonesia’s budget deficit was estimated at 682.1 trillion rupiah (US$46.56bil) in the January-September period, equivalent to 4.16% of gross domestic product (GDP), Finance Minister Sri Mulyani Indrawati said.
RISK aversion dominated globally due to rising coronavirus cases as well as dwindling prospects of US fiscal aid before the US elections. This led investors to flock to the safe-haven dollar – sending the dollar index to a nearly two-week high, up 0.86% to 93.86.
SINGAPORE Oct 16 (Reuters): Asia's emerging currencies and stocks fell on Friday as resurgent Covid-19 infections and stalled progress towards US stimulus dented confidence globally, while Singapore shares drew some support from a rise in the city-state's exports.
BEIJING (Reuters) - A Chinese city is offering Sinovac Biotech's
AS the Covid-19 crisis derails economies worldwide, many of the newly poor will come from South-East Asia, dealing a huge setback to a region that had been prospering from a surging middle class.
JAKARTA (The Jakarta Post/ANN): Factory activity in Indonesia showed signs of improvement in the third quarter after recording the deepest slump ever in the previous quarter, as the reopening of the economy jacked up output and new orders, according to a Bank Indonesia (BI) survey.
Covid-19 has hit tourism-reliant destinations hard. The Indonesian island of Bali, for example, where 70% of the population depend on tourism, has seen extensive job and income losses since it closed its borders in April.
JAKARTA: Indonesia’s central bank kept its policy rate unchanged as it uses other measures, like government bond purchases, to help shore up the economy.
JAKARTA Oct 13 (Reuters): The Indonesian rupiah held steady on Tuesday after the central bank, as expected, kept interest rates unchanged to support the currency's stability, while upbeat Chinese trade figures helped stocks and currencies across the region stage a late recovery.