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Highlights From Local News Wires

INDONESIA

Below is a collection of news wires reports from English versions of Indonesian Newspapers and some other major news outlets.


BI: “BI Continues To Expand LCT Cooperation To Support Monetary Stability” – Antara News (link)

  • The increased use of Local Currency Transactions (LCT) reduces the cost of trade and the FX risk. Governor Warjiyo said "Earlier, it has to be converted to dollar, then from dollar to local currency. Now, we do not have to go through the dollar again. This will continue to be done.” Indonesia currently has LCT cooperation with Thailand, Japan, China, South Korea & Malaysia.

Economy: “Consumer Confidence In National Economic Conditions Increases: BI” – Antara News (link)

  • April consumer confidence rose to 126.1 from 123.3 driven by better current economic conditions and expectations. The Job Availability Index rose 4.2 points.

Economy: “Job Creation Main Factor To Help Eradicate Poverty: Finance Minister” – Antara News (link)

Economy: “Indonesia, Vietnam Aim For $15 Billion Trade By 2028” – Jakarta Globe (link)

Business: “New Balance Adds Investment To Expand Indonesian Operations” – Jakarta Globe (link)

Politics: “Health Bill Accommodates Professional Bodies’ Wishes: Gov’t” – Jakarta Globe (link)

Geopolitics: “Current Global Issues More Complex Than Those During Pandemic: Govt” – Antara News (link)

ASEAN: “ASEAN To Work On Roadmap To Expand Payment Connectivity” – Jakarta Globe (link)

ASEAN: “Indonesia Doesn’t Want ASEAN To Be A Haven For Criminals” – Jakarta Globe (link)

ASEAN: “House Speaker Invites Youth Participation In ASEAN” – Antara News (link)

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