Jakarta, CNBC Indonesia – Bank Indonesia (BI) has entered into an agreement with several central banks in several countries regarding the use of local currency or local currency settlement (LCS) in trade and investment transactions. These countries, including Malaysia, Japan, Thailand, and China, have also agreed on the same thing to leave the US dollar. … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) and Bank Negara Malaysia (BNM) have officially agreed to strengthen the framework for settlement of transactions using Rupiah-Ringgit. This means that the two central banks have agreed to no longer use the dollar exchange rate for transactions. The strengthening of the transaction settlement framework is commonly known as … Read more
Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) moved lower in trading this week, amid a surge in Covid-19 cases that ‘haunted’ Asia. Foreign investors also sell their shares on the Indonesia Stock Exchange. During the week, the JCI fell 0.52% on a basis point-to-point. In weekend trading, the JCI had to settle … Read more
Jakarta, CNBC Indonesia – Rupiah posted a 0.76% decline against the US dollar to Rp 14,530/US$. In 5 trading days, the rupiah was not even able to record a strengthening against the United States (US) dollar. Garuda’s currency is now at its weakest level since mid-April. However, the story could be different earlier this week, … Read more
Jakarta, CNBC Indonesia – The Indonesian financial market closed unsatisfactorily in the early trading week of Monday (28/5/2021). Where the Composite Stock Price Index (JCI), rupiah, and government bonds or compact state securities closed in the red zone in yesterday’s trading. The JCI closed again and collapsed at the close of trading following the protracted … Read more
Jakarta, CNN Indonesia — Bank Indonesia say RI and China will use the payment scheme local currency settlement (LCS) starting in the third quarter of 2021 or next July. This means that the settlement of bilateral transactions between Indonesia and China will use the local currencies of the two countries or no longer use the … Read more
Jakarta, CNBC Indonesia – The country’s financial market showed its peak in trading on Thursday (10/6) yesterday. The Composite Stock Price Index (JCI) soared nearly 1%, followed by a slight strengthening of the rupiah and a rise in pricesthe price of government bonds or Government Securities (SBN). IHSG closed with an appreciation of 0.99% to … Read more
Jakarta, CNBC Indonesia – This week, Indonesia’s financial markets tend to be mixed, with the Composite Stock Price Index (JCI) and government securities (SBN) quite bright this week. Meanwhile, the rupiah was forced to be less enthusiastic this week. The Composite Stock Price Index (IHSG) this week has returned, with an increase of 3.7% from … Read more
Jakarta, CNBC Indonesia – The Indonesian economy is predicted to experience several waves of threats next year. One of them is the Taper Tantrum, which is a phenomenon where capital flows in Indonesia return to developed countries due to tightening policies of the central bank of investors’ home countries. This was stated by the Minister … Read more
Jakarta, CNBC Indonesia – The rupiah exchange rate against the US dollar moved higher in spot market trading today. The brighter ‘forecast’ of the International Monetary Fund (IMF) for the world economy has boosted the morale of market players and the courage to enter risky assets in developing countries, including Indonesia. On Wednesday (7/4/2021), US … Read more