Bank Indonesia Governor Summoned to Palace In Rare Move Before Rate Decision
Bank Indonesia Governor Perry Warjiyo was summoned to the presidential palace on Wednesday to discuss policy coordination as the country’s currency hits a record low, a rare meeting held just hours before the central bank was set to decide on interest rates, Bloomberg reported.
Indonesia Central Bank Keeps Rates Unchanged Amid Rupiah Weakness
Indonesia’s central bank held its key policy rates steady on Wednesday, saying the level was supportive of economic expansion while remaining consistent with its goal to anchor the rupiah, which hit a record low a day earlier, Reuters reported via CNA.
Indonesia Revokes Permits of 28 Firms After Deadly Floods
Indonesia stripped more than two dozen permits from forestry, mining and hydroelectric companies in Sumatra, a government minister said, just weeks after deadly floods devastated parts of the island, AFP reported via CNA.
Indonesia to Form Committee on China-Backed Train Ahead of Surabaya Expansion
Indonesia is planning to form a national committee on the high-speed train project that got derailed by mounting Chinese debt, amid plans to expand the railway to the East Java capital of Surabaya, Jakarta Globe reported.
Indonesia’s Global Citizenship Only Has Five Applicants So Far
Indonesia’s dual citizenship alternative has only amassed five applicants so far, Jakarta Globe reported. Southeast Asia’s biggest economy is letting its former citizens sign up for an unlimited stay permit instead of dual citizenship. This policy, known as the Global Citizenship of Indonesia (GCI), is set for a launch next Monday.