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Indonesia's forex reserves rise to 112 bln USD in the end-Oct

REPUBLIKA.CO.ID, JAKARTA - Indonesia's foreign exchange reserves rose to 111.97 billion USD by the end of October from 111.2 billion USD the previous month, Bank Indonesia said on Friday. Foreign reserves were supported by portfolio inflows, central bank deputy governor Perry Warjiyo said. The rupiah strengthened 0.37 percent during October against the USD and closed at 12,080 per USD. The...

A steel manufacture in Cikarang, West Java (illustration)

BI: Economic growth target at 5.1-5.5 percent still relevant

REPUBLIKA.CO.ID, JAKARTA - Setting the target for economic growth in 2014 at 5.1-5.5 percent is still relevant, although there was a slowdown in the economy during the first and second quarters, according to Bank Indonesia.  "BI views that the 5.1-5.5 percent assumptions are still relevant. We are still maintaining the growth target," BI's Head of Communications Department Group, Peter Jacobs,...