JAKARTA (ANN/THE JAKARTA POST) – President Joko “Jokowi” Widodo has urged banks in Indonesia to proactively extend loans to businesses, aiming to stimulate increased money circulation and bolster economic growth amid global uncertainty. However, analysts contend that sluggish government spending is also a contributing factor. Addressing the annual Bank Indonesia (BI) meeting on Wednesday night, […]
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(Bloomberg) Indonesia and the Philippines are expected to leave their key interest rates unchanged Thursday and sustain the pause through 2023, amid easing price pressures.Most Read from BloombergTitanic Sub Hunt Chases Mystery Noises as Air Supply Runs LowChina Says Biden Calling Xi a Dictator Is ‘Provocation’Powell Signals Higher Rates as Lawmakers Press Him on Bank RulesThese Are World’s Most Expensive Cities for High-Class LivingModi Meets With Elon Musk and Ray Dalio as Global Money Floc
With its gleaming offices, electric buses and economically productive residents, Nusantara is the quintessential modern metropolis-smack in the middle of a vast rainforest.