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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.
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.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Wednesday (March 26, 2025)
On the fifth floor of South-East Asia's biggest textile market, Indonesian trader Toni Sar waves a white envelope to signal surrender as he points to shuttered units forced to close because of falling business.
JAKARTA: On the fifth floor of South-East Asia's biggest textile market, Indonesian trader Toni Sar waves a white envelope to signal surrender as he points to shuttered units forced to close because of falling business.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Friday (Feb 21, 2025)
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.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Friday (Dec 27, 2024).
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Friday (Dec 20, 2024)
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Tuesday (Dec 17, 2024).
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.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Tuesday (Feb 27, 2023)
INDONESIA led the decline in Southeast Asian currencies and equities on Thursday, due to heightened uncertainty following U.S. President Donald Trump's ambiguous tariff threats against Europe and the timing of planned duties on Canada and Mexico.
KUALA LUMPUR: PT Bank Maybank Indonesia Tbk’s (Maybank Indonesia) profit after tax and minority interests (PATAMI) for the financial year ended Dec 31, 2021 (FY 2021), rose 29.9 per cent to 1.64 trillion rupiah (1 million rupiah = RM291) from 1.27 trillion rupiah in the previous year.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Tuesday (Sept 27, 2022)
JAKARTA (Reuters) - A total of 6 billion shares of Indonesia's largest tech firm PT GoTo Gojek Tokopedia have been bought as of Friday, under a scheme to stabilise its share price, the company said in a filing to the Indonesian Stock Exchange.
There is an inside joke among my team of fund managers: whenever I comment that the stock market is performing well, the following days often see a pullback.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Tuesday (Oct 11, 2022)
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Monday (June 13, 2022)
