English Version
ENGLISH
| Tuesday, 11 December 2018 |
Indonesia Version
INDONESIA
Facebook
Twitter


Tuesday, 11 December 2018 | 09:00
Govt: 400 Online Lending Sites, Fintech Platforms Being Shut Down Communication and Informatics (Kominfo) Minister Rudiantara
said the ministry had shut down 400 financial technologies
(fintech) related to fraud cas
Tuesday, 11 December 2018 | 07:58
Ahok to be Freed in January, Receives 3 Months 15 Days Remission Former Jakarta Governor Basuki Tjahaja Purnama or Ahok is
estimated to be freed from jail on January 24, 2019.
Rupiah Rises on Relaxation of Trade War
TEMPO/Eko Siswono Toyudho
Tuesday, 04 December, 2018 | 06:10 WIB
Rupiah Rises on Relaxation of Trade War

TEMPO.CO, JakartaThe Indonesian currency rupiah rose in value in inter bank transaction on Monday afternoon gaining 35 points to close at the level of 14,246 per U.S. dollar from 14,281 earlier.

Rully Nova, a financial market observer from Bank Woori Saudara Indonesia, said on Monday that the relaxation of trade war between the two world`s economic giants, the United States and China, was one of the main factors triggering the rupiah appreciation.

On the sidelines of the G20 summit meeting in Argentina U.S. President Donald Trump and Chinese President Xi Jinping met and agreed to relax trade war, Rully Nova said.

"The result was an armistice with the United States stopping plan to impose high tariff on Chinese goods and China agreeing to imports more U.S. goods to redress the bilateral trade and reduce deficit suffered by the United States," he said.

The market reacted positively to the relaxation in tension between the world`s largest economies and investors returned to the market buying risk assets in emerging market, he added.

The Central Bureau of Statistics (BPS) recorded inflation was only 0.27 percent in November bringing the inflation in the January-November 2018 to 2.49 percent with year-on-year inflation at 3.23 percent in November 2018.

ANTARA

 



via Facebookvia TEMPO ID

Comments


Disclaimer: The views expressed in the comments sections are personal responses that do not represent the editorial policy of tempo.co. Our editorial staff reserves the right to moderate or take down comments that contain harassment, intimidation and discrimination against ethnicity, religion, race, and inter-group relations.