Indonesia president says rupiah’s drop still ‘safe’, flags tax incentives
Jakarta, 24 October 2023 – Indonesia President Joko Widodo said on Tuesday the rupiah’s recent depreciation rate against the dollar was still “safe” for Southeast Asia’s largest economy and its inflation targets and that his government was drafting tax incentives to boost growth. Speaking at…
Indonesia’s 2022 GDP growth races to a 9-year high on resource boom
JAKARTA – Indonesia’s economic growth climbed to its strongest in nine years last year fueled by revived spending from the lifting of pandemic restrictions and as a global commodity boom sent exports to a record high. Southeast Asia’s largest economy gained from high global commodities…