DEN urges Prabowo to make MBG more efficient as rupiah weakens
DEN also reported GovTech testing in 42 regions and said integrated data could lift the tax ratio to 12%-13%.
DEN also reported GovTech testing in 42 regions and said integrated data could lift the tax ratio to 12%-13%.
Rising energy prices and capital outflows are adding pressure on Indonesia's trade balance, stocks and investor sentiment.
Higher import costs could lift prices of food, electronics and energy, while the government speeds domestic oil output plans.
The weak currency is expected to strain import-dependent industries, from pharmaceuticals to automotive, by raising input costs.
Import costs for milk inputs have risen 17%-35%, while producers are holding retail prices amid still-weak purchasing power.
The rupiah settled at Rp18.049 per U.S. dollar as markets tracked the APBN deficit and talk of an emergency BI meeting.
The weakening currency is already hitting real businesses, with West Java tour bus operators cutting fleets as imported parts get more expensive.