Bank Indonesia (BI) sees bank lending to expand by 7 - 9 percent next year on the back of low-interest rates and recovery in the economy, according to its Governor Perry Warjiyo.
Bank Indonesia Governor Perry Warjiyo (Photo courtesy of Bank Indonesia)
Jakarta (VNA) – Bank Indonesia (BI) sees banklending to expand by 7 - 9 percent next year on the back of low-interestrates and recovery in the economy, according to its Governor Perry Warjiyo.
According to reports of the central bank, lending shrunk by 0.5 percent in thefirst 10 months this year from the same period last year, in line with theslowdown in business activities and weak consumer demand amid the COVID-19pandemic.
Consumers and companies alike clang to their cash, as evident in the 12percent growth of the third-party funds in local banks in the Jan-Octoberperiod, the bank said
Perry said the national economy has increased as the government is easing therestriction to curb the health crisis.
Other indicators also show improvement.Inflation rose slightly to 1.59 percent in November from 1.44 percent amonth earlier, reflecting an increase in consumer demand. Foreign exchangereserves continued to increase, while the current account deficit declined,and foreign capital flowed into Indonesia.
Those indicators encouraged BI to cut its benchmark rate by25 basis points last month to only 3.75 percent - the lowest in history./.
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Indonesia's foreign debt, which includes government and private sector borrowings, in the third quarter of this year was recorded at 408.5 billion USD, a drop by 3.8 percent year-on-year, compared to 5.1 percent in the previous quarter, Bank Indonesia (BI) announced on November 16.
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Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
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Real estate agency ERA Singapore estimated that there are 2,703 condo developments in Singapore today, of which 836 or 31% are at least 30 years old. In 10 years, this number is expected to climb to 1,160, assuming none is sold en bloc.
The new framework is designed to ensure that incoming investments deliver tangible national benefits, such as the creation of high-quality jobs for Malaysians and the development of local company ecosystems and technologies.
Singapore led with a total of 8.8 billion USD in realised investment, followed by Hong Kong and mainland China, Malaysia, and Japan with 8 billion USD, 1.7 billion USD and 1.6 billion USD, respectively.
Thai Acting Prime Minister Phumtham Wechayachai on August 7 outlined his strategy for tackling drug problems in Thailand, aiming for a "Zero Drugs Thailand" within three months.
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Cambodia and Thailand vowed not to undertake provocative actions that may escalate tensions, including entering the other side’s air space and territory, and refrain from constructing or enhancing military infrastructure.
Trenggono emphasised that the Indonesian government aims to increase the total coverage of MPAs to 97.5 million hectares by 2045. This initiative forms a key component of the “Golden Indonesia 2045” vision, which prioritises sustainable maritime development and environmental protection.
Bank Indonesia Governor Perry Warjiyo (Photo courtesy of Bank Indonesia) 
