Indonesia faces 19% tariff as part of trade deal
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Indonesia's central bank delivered on Wednesday its fourth rate cut in an easing cycle that began in September, boosting support for Southeast Asia's biggest economy as it faces pressure from weakening global trade and slowing domestic demand.
The decision by Bank Indonesia to cut rates comes amid news of a trade deal with the U.S. that could ease the tariff overhang on the economy.
Indonesia sees securing a 19% tariff rate with the US as a “huge win” for some of the Southeast Asian nation’s most labor-intensive sectors such as garments and footwear, a government adviser said Wednesday.
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Indonesia had other handy contributors, including Arkhan Fikri and Rayhan Hannan -- who both got on the scoresheet as well with fine long-range efforts -- but Raven's big bag of goals means it is impossible that he will not be the headlining name all across Indonesia on the night, and well into Wednesday morning.
Indonesian rescuers are searching for 11 people, including three children, still missing after a speedboat capsized during a storm the previous day off Indonesia’s Mentawai Islands
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El presidente de Estados Unidos, Donald Trump, dijo que llegó a un acuerdo con Indonesia bajo el cual los productos del país del sudeste asiático estarán sujetos a un arancel del 19%, mientras que las exportaciones estadounidenses no enfrentarán gravámenes.
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Gita Wirajawan of Stanford University says Indonesia is ‘looking in every direction’ in its bid to climb the value chain, and the lack of rule of law continues to hold back large scale foreign investment.
The authorities said the syndicate has already carried out 24 such deals since 2023, with 15 of the babies taken to Singapore.