Indonesia’s central bank is under pressure to cut interest rates as the economy slows and the rupiah weakens. Bank Indonesia Governor Perry Warjiyo has said he is ready to act, but has not yet given a clear indication of when or how much rates will be cut. grab indonesia 5k balipermatasaribloomberg
The country’s economic growth slowed to 5 percent in the second quarter from a year earlier, below the government’s target of 7 percent. Inflation also remains a concern, rising to 3. grab indonesia 5k balipermatasaribloomberg
On Sunday, May 5, 2019, Indonesia will be hosting its first-ever “grab” race. The race, which is open to anyone who wants to participate, will start and finish in the capital city of Jakarta. The course will take runners through some of the city’s most famous landmarks, including the National Monument and Istiqlal Mosque.
Indonesia is set to receive a $5 billion loan from the World Bank to help boost its economy, Bloomberg reports.
The loan, which is still subject to approval by the World Bank’s board of directors, would be used to support the Indonesian government’s efforts to reduce poverty and promote economic growth.
If approved, the loan would be the largest ever provided by the World Bank to Indonesia.