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Currency News

Indonesia to Effectively Continue Fuel Subsidy

19 Mar 2018 02:30Voice of America
Indonesian president Joko "Jokowi" Widodo has instructed ministers to keep fuel prices stable over the next two years, said Energy Minister Ignasius Jonan, which would, in effect, continue a controversial fuel subsidy scheme that analysts say has ... more

Stock Market Update Indonesia: Down on Trade War Concerns

15 Mar 2018 11:07Indonesia Investments
Indonesia's benchmark Jakarta Composite Index has now erased all of its gains in 2018. The index had touched an all-time record high on 19 February 2018 but is now back at a level that was last seen around the year-start. more

Trade Tussle to Highlight Asia Deficits as Currencies Weaken

11 Mar 2018 19:09Bloomberg
The rupiah's slide of more than 1.5 percent is among the biggest. While Indonesia isn't a notable exporter of those metals, its currency is often seen as a bellwether for how investors view the region given that foreigners own almost 40 percent of ... more

EM ASIA FX-Taiwan dollar, Philippine peso, Indonesian rupiah rise

20 Feb 2018 20:42Reuters
Feb 21 (Reuters) - The following table shows rates for Asian currencies against the dollar. CURRENCIES VS U.S. DOLLAR Change as of 0215 GMT Currency Latest bid Previous Pct Move day Japan yen 107.590 107.31 -0.26 Sing dlr 1.318 1.3190 +0.09 Taiwan dlr ... more

FOREX-Dollar holds firm as investors scurry to safety amid equities sell-off

06 Feb 2018 00:56Reuters
Since Friday, when the selloff in equities began in earnest, the index has gained about 1.1 percent. Emerging Asian currencies retreated, with the Indonesian rupiah touching a three-month low of 13,605 per dollar at one point. Analysts at Maybank Kim ... more

Indonesia traffickers sold crocs, pythons on social media: Police

31 Jan 2018 04:52Channel NewsAsia
The seven suspects, who were arrested at separate locations in and around Jakarta last week, bought the animals for just 300,000 rupiah (US$22) each before re-selling them online for between 2m and 5m rupiah, authorities said. "The suspects put the ... more

Stock Market Update Indonesia: Tough Day at the Office

30 Jan 2018 02:09Indonesia Investments
Meanwhile, the US dollar rebounded from a recent three-year low supported by a rise in US bond yields. The Indonesian rupiah had depreciated 0.45 percent to IDR 13,426 per US dollar by 14:55 pm local Jakarta time on Tuesday (30/01) according to the ... more

Bank Indonesia considers issuing digital rupiah

29 Jan 2018 01:52Jakarta Post
Despite Bank Indonesia (BI) prohibiting the use of digital currencies like Bitcoin as a payment instrument, the central bank is considering issuing a cryptocurrency or digital rupiah. Assistant to BI executive director for payment systems Susiato Dewi ... more
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