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JAKARTA: Indonesian Finance Minister Sri Mulyani Indrawati (pic), long regarded as one of Asia's finest finance ministers, is facing mounting pressure after a recent series of problems shook the economy.
KUALA LUMPUR: For the past six years, cleaner Wati has been celebrating Hari Raya in Malaysia instead of returning to Indonesia.
The decline in the currency led the central bank to intervene, stabilising the rupiah and restoring confidence.
JAKARTA: The Indonesian central bank said it is ready to intervene to stabilise the rupiah, which on Wednesday stayed close to its lowest levels since 1998 even as officials said market sentiment was positive and economic fundamentals were resilient.
SINGAPORE: Indonesia's currency teetered near a record low against the U.S. dollar on Wednesday as worries over slowing growth and rising government spending shook confidence in Southeast Asia's biggest economy.
JAKARTA: The Indonesian rupiah slumped to its lowest level in more than two decades on Tuesday (March 25), underscoring growing worries about the nation's economic resilience amid mounting global uncertainty and apprehensions over domestic policy.
The Indonesian rupiah declined to its weakest level since the Asian financial crisis as fears mounted over the nation's fiscal trajectory, putting pressure on the central bank to step up efforts to defend the currency.
THE Indonesian rupiah declined to its weakest level since the Asian Financial Crisis as fears mounted over the nation's fiscal trajectory, putting pressure on the central bank to step up efforts to defend the currency.
Bank Indonesia (BI) has kept its key interest rate unchanged amid a weak rupiah exchange rate, but the central bank has pinned its hopes on portfolio inflows to lift the currency's worth.
JAKARTA: Indonesia's financial services regulator has allowed listed companies to buy back their stocks without shareholders' approval, while the central bank conducted "bold" currency intervention to calm markets, officials said on Wednesday.
Indonesia's central bank conducted a "bold" intervention in the foreign exchange market on Friday, an official said, after the rupiah fell to its lowest level against the US dollar since March 2020.
KUALA LUMPUR: CIMB Group Holdings Bhd's Indonesian subsidiary PT Bank CIMB Niaga Tbk (CIMB Niaga) posted an audited consolidated profit before tax of 8.7 trillion rupiah for the financial year ended Dec 31, 2024 (FY2024), reflecting a 4.4 per cent increase year-on-year (y-o-y).
ASIAN currencies, led by the Malaysian ringgit and Indonesian rupiah, recorded slight gains on Friday, as regional equities also strengthened, with investors assessing U.S. President Donald Trump's tariff threats as largely rhetoric.
MOST Asian equities gained on Wednesday, with Singapore stocks hitting a record high on upbeat earnings and shareholder returns from United Overseas Bank as well as favourable reviews for the city-state's budget for this year.
The Indonesian rupiah stayed near six-month lows on Thursday, while the South Korean won snapped a three-day winning streak after both countries' central banks shocked investors by eschewing widely anticipated interest rate calls.
Equities and currencies in emerging Asian markets declined on Monday, with the Indonesian rupiah and Malaysian ringgit hovering near three-week lows, as traders dialled back their bets on US Federal Reserve rate cuts after a robust jobs report.
JAKARTA: Indonesia central bank has intervened in the foreign exchange market in what it called a "bold" way to maintain market confidence in the rupiah, which fell to a four-month low against the dollar earlier on Friday (Dec 13).
Asian equities fell and the Indonesian rupiah and the Thai baht led losses among currencies on Tuesday, as caution prevailed ahead of key central bank decisions this week, including a widely expected interest rate cut from the US Federal Reserve.
JAKARTA: Indonesia’s central bank said it was ready to intervene in currency markets to steady the rupiah as it weakened toward the psychological level of 16,000 per dollar.
It was bad time for Asian forex as the South Korean won and Indonesian rupiah tumbled as other emerging Asian currencies fell against a strong dollar in thin year-end trade.
