BI hikes key interest rate by 50 bps to stabilize rupiah

BI hikes key interest rate by 50 bps to stabilize rupiah

Bank Indonesia (BI) has increased its benchmark interest rate by 50 basis points (bps) to stabilize the rupiah, blaming the recent depreciation of the Indonesian currency on external pressure.

<BREAKING: BI hikes key interest rate by 50 bps to stabilize rupiah - Regulations - The Jakarta Post>

Outcry as prosecutors seek 18-year sentence for Nadiem

Outcry as prosecutors seek 18-year sentence for Nadiem

Prosecutors on Wednesday demanded an 18-year prison sentence for former education minister Nadiem Makarim over a corruption case linked to the procurement of Google Chromebook laptops for the ministry’s school digitalization program between 2020 to 2022.

<Outcry as prosecutors seek 18-year sentence for Nadiem - Politics - The Jakarta Post>

Indonesia pushes for waste-to-energy plants to boost self-sufficiency

Indonesia pushes for waste-to-energy plants to boost self-sufficiency

Sovereign wealth fund plans 33 projects in next few years as landfills reach limit

<Indonesia pushes for waste-to-energy plants to boost self-sufficiency - Nikkei Asia>

IDX falls as MSCI review drops major Indonesian stocks

IDX falls as MSCI review drops major Indonesian stocks

The benchmark index dropped 1.3 percent to 6,763.94 when the market opened on Wednesday. It has declined by more than 20 percent since the beginning of the year. 

<IDX falls as MSCI review drops major Indonesian stocks - Markets - The Jakarta Post>

Prabowo backs ASEAN to fast-track renewable energy, Borneo power grid

Prabowo backs ASEAN to fast-track renewable energy, Borneo power grid

President Prabowo Subianto has called on ASEAN member states to accelerate the development of renewable energy and make progress on the long-proposed Trans-Borneo Power Grid, warning that energy security is an “urgent” necessity amid instability in the Middle East.

<Prabowo backs ASEAN to fast-track renewable energy, Borneo power grid - Economy - The Jakarta Post>