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ADB Slashes Asia Growth Forecast as Fuel, Food Prices Rise

ADB Slashes Asia Growth Forecast as Fuel, Food Prices Rise

The bank cut its 2022 growth forecast to 4.6 percent.
News
Over 16 Million Beneficiaries Receive Fuel Cash Assistance in Indonesia

Over 16 Million Beneficiaries Receive Fuel Cash Assistance in Indonesia

The ministry has targeted to distribute the cash assistance to 20,650,000 beneficiary families.
Business
Jokowi to Regional Leaders: Use Regional Budget to Control Inflation

Jokowi to Regional Leaders: Use Regional Budget to Control Inflation

The fuel price hike could contribute up to 1.8 percent to inflation, and therefore, efforts must be taken to prevent an inflation surge.
News
Indonesia Mulls Buying Russian Oil as Prices Spike

Indonesia Mulls Buying Russian Oil as Prices Spike

Indonesia is considering joining India and China in buying Russian oil to offset increasing pressure from rising energy costs.
News
Rallies Expected Across Indonesia as Anger Simmers Over Fuel Price Hike

Rallies Expected Across Indonesia as Anger Simmers Over Fuel Price Hike

President Joko Widodo on Saturday announced the price of subsidized fuel would be increased by about 30 percent after weeks of speculation of a hike.
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