Yudhi Sadewa

Purbaya Slams ‘Sell Indonesia’ Trade, Won’t Quit as Finance Head

Indonesia vows transparency as it starts transition to centralised commodity exports

Indonesia vows transparency as it starts transition to centralised commodity exports JAKARTA, June 1 : Indonesia pledged transparency in the state company that will become its sole exporter of important commodities, as a transition period to a centralised export system started on Monday with coal, palm oil and ferroalloys. President Prabowo Subianto on May 20 announced resource-rich Indonesia would centralise control of exports of all of its strategic commodities through a new state company,...

Indonesia passes sweeping bill expanding central bank role to spur growth

Indonesia passes sweeping bill expanding central bank role to spur growth JAKARTA, June 4 : Indonesia's parliament on Thursday passed sweeping legislation that places further emphasis on Bank Indonesia supporting economic growth, while empowering lawmakers to evaluate independent financial regulators and the central bank. Parliament passed the bill by acclamation, with support from all parties, according to the deputy speaker, Sufmi Dasco Ahmad, who led Thursday's plenary session. The bill,...

Indonesia passes bill expanding central bank role to spur growth

Indonesia passes sweeping bill expanding central bank role to spur growth JAKARTA, June 4 : Indonesia's parliament on Thursday passed sweeping legislation that doubles down on Bank Indonesia's role to support growth, while empowering lawmakers to make binding recommendations for independent financial regulators and the central bank. The bill has added to investor concerns about the possibility of political interference in the central bank to ensure compliance with President Prabowo...