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rupiah

Indonesia stops energy projects worth $25 billion as rupiah hits 20-year low

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Indonesia plans to delay $25 billion worth of power projects as it seeks to rein in a widening current-account deficit and a selloff in...
Indonesian businesses asked to start hedging “beyond usual” as rupiah tumbles

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Indonesia’s central bank on April 25 urged businesses in the country to hedge their foreign exchange needs beyond minimum requirements, as policymakers seek to...
Thailand, Malaysia, Indonesia enter currency pact to counter strong US dollar

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The central banks of Thailand, Malaysia and Indonesia agreed on a currency cooperation in order to promote the use of their local currencies for...
Indonesia revives plan to cut three zeros from its rupiah banknotes

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Just on the day when Indonesia's central bank revealed newly designed rupiah notes that will replace the ones in use since the year 2000,...
Asia stocks, currencies soar, fueling global $2.5-trillion rebound

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Malaysia's ringgit and Indonesia's rupiah led an emerging market rally against the US dollar on October 9 while Asian equities pushed higher too after...
Southeast Asian stock markets bottoming out – time to buy

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Southeast Asian stocks have clearly seen better days, but there is light at the end of the tunnel. In the largest unloading of stocks on...
Asia’s currencies get hammered after double yuan whammy

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Asian currencies suffered big time after after China's surprise decision to devalue the yuan on August 11, and got a double whammy after Beijing...
Indonesia struggles to take the brakes off slowing economy

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Indonesia’s President Joko Widodo believes that now is “the best time to invest” in the country despite its current economic problems. During his first...

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The Indonesian government and central bank have indicated that they will take concerted action to prevent further depreciation of the rupiah and to support...