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News
Ringgit at a 10-Month Low Against Singdollar: What's Behind the Drop?
3+ day, 4+ hour ago (806+ words) September 11, 2026 | 09:39 am TEMPO.CO, Jakarta - The Malaysian ringgit fell to a 10-month low against the Singapore dollar on September 9, reaching 3.22 per Singapore dollar. Some Singaporeans welcome the decline, saying the favourable exchange rate could encourage more trips and spending across…...
ECB Raises Interest Rates to Fight off Inflation Jump
3+ day, 14+ hour ago (854+ words) September 10, 2026 | 11:38 pm TEMPO.CO, Jakarta - The European Central Bank (ECB) raised interest rates on Thursday, hoping to curb rising inflation driven by higher energy costs stemming from the war between the US and Iran. This is the second increase that…...
How El Nino Rings Food Inflation Alarms Across ASEAN
3+ day, 17+ hour ago (849+ words) September 10, 2026 | 08:45 pm TEMPO.CO, Jakarta - ASEAN countries are bracing for inflation as El Nino forces rising prices of rice, wheat, corn, and vegetable oil, according to OCBC Group Research on Wednesday, September 9, as quoted from Antara, citing Xinhua. Lavanya Venkateswaran,…...
Bank Accounts for 200 Million Indonesian People
4+ day, 7+ hour ago (922+ words) September 10, 2026 | 06:29 am TEMPO.CO, Jakarta - Earlier this week, a proposed new policy suddenly captured the public's attention. Amidst the flurry of news regarding natural disasters, the latest announcement from the Palace—a plan to ensure every Indonesian citizen aged 17 and…...
Report: Indonesia Far from Exiting Middle Income Trap - News En.tempo.co
4+ day, 15+ hour ago (807+ words) September 9, 2026 | 11:06 pm TEMPO.CO, Jakarta - A new study by the Asian Development Bank Institute (ADBI) reveals that Indonesia is still relatively far from escaping the middle income trap, with a probability score of 0.44 compared to the threshold of 0.6, according to…...
Why Is Indonesia Preparing to Open over 200 Million New Bank Accounts?
4+ day, 17+ hour ago (664+ words) September 9, 2026 | 09:00 pm This plan is part of President Prabowo Subianto's bid to strengthen financial inclusion and financial literacy levels in the country by ensuring each citizen has a bank account. The funds will come from the State Budget, with each…...
The Return of High Interest Rates Looms
5+ day, 2+ hour ago (615+ words) September 9, 2026 | 11:33 am TEMPO.CO, Jakarta - The shock was barely felt in Indonesia. Yet global financial markets, particularly government bonds in advanced economies, were convulsed last week. Bond prices fell sharply and yields surged as investors reassessed the outlook for interest…...
Indonesia Boosts 2027 Budget Target by Rp9.1 Trillion
5+ day, 19+ hour ago (484+ words) TEMPO.CO, Jakarta - A joint meeting between the House of Representatives (DPR) Budget Committee (Banggar) and the government has agreed on a revised posture for the draft 2027 State Revenue and Expenditure Budget (RAPBN). Both state expenditure and revenue targets have…...
Whoosh Debt Repayment: Rp1 Trillion a Year Over an 80-Year Term
5+ day, 20+ hour ago (977+ words) September 8, 2026 | 06:02 pm TEMPO.CO, Jakarta - Indonesia has restructured the debt from its Jakarta-Bandung high-speed rail project, known as Whoosh, with annual repayments of around Rp1 trillion (US$60 million) over a term of up to 80 years, Finance Minister Purbaya Yudhi Sadewa said…...
FAO: Global Food Prices Hit Highest Level in August 2026
1+ week, 1+ day ago (825+ words) September 5, 2026 | 05:53 pm TEMPO.CO, Jakarta - The UN Food and Agriculture Organization (FAO) released its food price index on Friday, September 4. The FAO Food Price Index averaged 133.3 points in August, up 1.9 percent from July and 2.5 percent from a year earlier, reaching…...