Tag Indonesia

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Indonesia’s GDP grew by 5.44% in Q2 thanks to good exports

According to Indonesia’s statistics office, gross domestic product (GDP) grew by 5.44% in the second quarter of 2022, faster than in the first quarter (5.01%). The Indonesian economy was driven by strong exports and the government’s return to open borders.…

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Indonesia to tax nickel exports from third quarter

Indonesia plans to enact a tax policy on nickel exports in the third quarter of the year. The authorities are trying to increase revenue from exports. At the same time, they are promoting the production of more high-value products in…

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Back in 1997 – The Asian Financial Crisis

Starting in July 1997, a financial crisis erupted in Asia, followed a year later by the 1998 financial crisis in the United States. In the early 1990s, many investors invested in development projects in Thailand. To do so, they converted…

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Indonesia opens oil and gas auctions

A senior Energy Ministry official said today that Indonesia has offered five working spaces for oil and gas exploration and one other exploration site in the country in the first round of this year’s auction nationwide. According to the Ministry…

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Bank Indonesia to leave interest rates unchanged in July

Indonesia’s central bank is likely to leave interest rates at a record low on Thursday. However, economists expect a 25 basis point rate hike to support the rupiah and prevent capital outflows due to rising U.S. interest rates. Given the…

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