Jakarta - Indonesia's central bank on Thursday lowered its key interest rate by 25 basis points to 9.25 per cent, an unexpected move aimed at helping shield its economy from the global financial crisis.
It was the first cut since Bank Indonesia lowered its key interest rate in December.
"The decision to cut the rate was taken after evaluating financial and economic prospects, both in the domestic and global market," the central bank said in a statement.
The bank said it hoped the rate cut would help maintain domestic economic stability amid the global economic meltdown.
Jakarta - Indonesia's central bank on Thursday lowered its key interest rate by 25 basis points to 9.25 per cent, an unexpected move aimed at helping shield its economy from the global financial crisis.
It was the first cut since Bank Indonesia lowered its key interest rate in December.
"The decision to cut the rate was taken after evaluating financial and economic prospects, both in the domestic and global market," the central bank said in a statement.
Jakarta - Dozens of Indonesian victims of an industrial accident sought refuge inside the Dutch embassy in Jakarta Wednesday, as hundreds of others rallied outside the presidential palace to demand speedier compensation for their properties.
About 70 victims set up camp outside the embassy, claiming that they have no other place to live since a mud volcano buried their homes in 2006.
Jakarta - Indonesia's exports declined by more than 11 per cent in October, dragged down by weak demand and falls in prices for the country's products, media reports said Tuesday.
Total export value reached 10.8 billion dollars for the month, a 11.6 per cent decline compared with the previous month's figure of 12.23 billion dollars, the National Statistics Agency said.
Exports for first 10 months of the year stood at 118.4 billion dollars, up by 26.9 per cent over the same period in 2007, the agency said.
Bali (Indonesia), Nov. 29 : Indian President Pratibha Devisingh Patil will cut short her visit to Indonesia by two days and go to Mumbai to visit relatives of the police officials who laid down their lives during this week’s terror strikes.
Officials accompanying the President on her ten-day state visit to Vietnam and Indonesia, said on Saturday that Patil would also visit hospitals in Mumbai to meet the survivors of the attacks and commiserate with them.
Jakarta - Indonesia's central bank on Thursday lowered its key interest rate by 25 basis points to 9.25 per cent, an unexpected move aimed at helping shield its economy from the global financial crisis.
Jakarta - Indonesia's central bank on Thursday lowered its key interest rate by 25 basis points to 9.25 per cent, an unexpected move aimed at helping shield its economy from the global financial crisis.
Jakarta - Dozens of Indonesian victims of an industrial accident sought refuge inside the Dutch embassy in Jakarta Wednesday, as hundreds of others rallied outside the presidential palace to demand speedier compensation for their properties.
Jakarta - Indonesia's exports declined by more than 11 per cent in October, dragged down by weak demand and falls in prices for the country's products, media reports said Tuesday.
Jakarta, Nov 30 : Visiting Indian President Pratibha Devisingh Patil arrived at Jakarta on Sunday in her last leg of tour to Vietnam and Indonesia.
Bali (Indonesia), Nov. 29 : Indian President Pratibha Devisingh Patil will cut short her visit to Indonesia by two days and go to Mumbai to visit relatives of the police officials who laid down their lives during this week’s terror strikes.
