Indonesia
5 articles
Indonesia central bank raises rates to counter market selloff
Indonesia's rupiah has plummeted to a record low of over 18,000 to the dollar, prompting an emergency 25-basis-point interest rate hike from its central bank, according to Reuters .
Indonesia market rout deepens as bonds, currency, stocks slide
Indonesia's 10-year government bond yield surged by 33 basis points on Monday, hitting its highest level in over a year.
Indonesia's Danantara Launches US Bond Roadshow Amidst Debt Concerns
As Indonesia's benchmark Jakarta Composite Index tumbled 36% from its peak, its sovereign wealth fund, Danantara, embarks on a US roadshow this week to secure a dollar bond sale, according to Bloomber
Indonesian officials vow to stabilize Rupiah as it hits Rp18,000
The Indonesian rupiah breached Rp 18,000 per US dollar on Thursday, marking an 8% loss this year and cementing its position as Asia's worst-performing currency, per The Jakarta Post.
Indonesia advances state control over key commodity exports
Indonesia's President Prabowo Subianto claims the nation has lost $908 billion due to exporters underreporting sales, prompting a radical plan to funnel all coal, palm oil, and ferroalloy exports thro