JAKARTA, Jakartaweekly.com – A temporary ceasefire between the United States and Iran over the next two weeks is expected to have a significant impact on global markets, ranging from oil prices and currency exchange rates to gold price prospects. Market analyst Ibrahim Assuaibi said the agreement, which was mediated by Pakistan, came as a surprise […]
JAKARTA, Indonesia (JakartaWeekly.com) – The Indonesian rupiah is hovering at a perilous psychological crossroads, inching closer to the Rp17,000 per US dollar mark as a perfect storm of soaring energy costs and a hawkish Federal Reserve batters emerging market sentiment. On Monday morning, the currency slipped further to Rp16,981, a move that analysts say is […]
JAKARTA, Indonesia (JakartaWeekly.com) – As the specter of a closed Strait of Hormuz looms over global commodity chains, Indonesia is doubling down on a high-stakes internal strategy: spending its way to safety. Despite the escalating conflict involving the United States, Israel, and Iran, Jakarta’s Ministry of Finance remains bullish, projecting a 5.4% growth rate for […]
