The Indonesian rupiah has become the center of attention being the strongest emerging market currency (tracked by Bloomberg) so far this year.
The Indonesian rupiah continues to appreciate sharply. By 13:15 pm local Jakarta time on Friday (04/03), Indonesia's currency had appreciated 0.96 percent to IDR 13,105 per US dollar
The Indonesia Stock Exchange (BEI) has recorded a 4.48 percent hike in its composite index this year, making it the highest as compared to indexes of major stock exchanges in the world.
The change in the tax penalty scheme would convert the current precipitated funds into investment that would serve as a stimulus for the states economy, an official stated here on Thursday.
Jakarta regions economic growth showed a 6.48 percent increase in the fourth quarter of 2015 compared to 6.12 percent recorded in the same period in 2014, a Central Banks (BIs) representative stated here on Tuesday.