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SINGAPORE: Shoppers dashing to Johor or Jakarta for some bargains will be cheering the free-falling ringgit and rupiah, but the weaker neighbouring currencies can have unpleasant knock-on effects for the Singaporean economy.
JAKARTA (Reuters) - Indonesia's rupiah jumped in the forward market on Thursday after Susilo Bambang Yudhoyono's landslide re-election, but political hurdles still standing in the president's way nipped any euphoria in the bud.
JAKARTA (Reuters) - Indonesia's President Joko Widodo promised on Monday that the government will not intervene in monetary policy decisions by the central bank in response to a weakening rupiah currency.
Jakarta: The Indonesian government will waive visa requirements for 30 countries as early as next month to boost the country’s foreign exchange income from the tourist industry, as President Joko “Jokowi” Widodo broadens the size of his economic package to support the ailing rupiah.
JAKARTA (Reuters) - It's the time of year when Jakarta's international airport is packed with Muslim pilgrims waiting for flights to the holy city of Mecca.
JAKRATA: Indonesia’s central bank expects the nation’s currency to notch up further gains after it rallied to the highest level in almost 21 months on the improved outlook for Southeast Asia’s largest economy and growing risk appetite among global investors.
JAKARTA (Xinhua): Despite discouraging economic trends, Indonesia remains optimistic that its economy will grow positively, especially during the further spread of the Covid-19 which has claimed 306 lives till Friday(April 10).
JAKARTA: Following the fluctuating rupiah in the past several days, the Indonesian currency eventually reached its highest value in April 2020, when its rate was previously recorded in the range between 15,430 and 15,295 against US dollar. It turned out that rupiah could show its strength when it hit its highest rate of 15,000 to the greenback as recorded on Thursday's closing session of the Jakarta inter-bank market.