Hundreds of people also formed long lines at pop-up gold stores operated by miner Aneka Tambang during the holidays as global ...

Indonesia’s rupiah is trading at record lows against ... population” with a weakening purchasing power and limited savings. “Indonesia is in its most challenging and difficult period since ...

Indonesia’s rupiah fell to its weakest level against ... provide free lunches to schoolchildren and pregnant mothers has cost an estimated $28bn a year and put a huge strain on government ...

JAKARTA, March 25 (Reuters) - Indonesia's central bank stepped into the currency market to defend the rupiah on Tuesday, as growing concerns over politics, government spending and capital flight ...

senior cabinet minister has soft-pedaled the drop in the rupiah’s rate against the United States dollar by emphasizing that the Indonesian economy’s fundamentals remain strong. Coordinating ...

Political instability in Indonesia coupled with global uncertainty over the trade war being waged by the United States contributed to Indonesia’s rupiah falling to a 27-year low, economists have ...

Prabowo's ambitious programme to provide free meals to more than a quarter of his people at a cost of 71 trillion rupiah ($4.29 billion) has brought scrutiny from investors. Markets have been ...

The Indonesian rupiah yesterday fell to its lowest level since the Asian financial crisis of 1998, reflecting concerns about the government’s fiscal trajectory and the uncertainties about ...

TEMPO.CO, Jakarta - The rupiah closed weaker at Rp16,612 at the end of trading on Tuesday, March 25, 2025. The depreciation was influenced by global geopolitical tensions and sentiments from Indonesia ...

TEMPO.CO, Jakarta — Bank Indonesia (BI) stated that the weakening rupiah exchange rate, which briefly touched Rp16,640 per US dollar, would not lead to a monetary crisis similar to 1998. The Head of ...

He was allegedly paid 60 billion rupiah ($3.57 million ... despite the additional cost incurred, was intended to help the government improve domestic supplies and reduce prices," the company ...

JAKARTA -- The Indonesian rupiah fell on Tuesday to its lowest level against the U.S. dollar since the 1998 Asian financial crisis, exceeding its depreciation during the COVID-19 pandemic.