Friday, 28 September 2018 13:07

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Efforts to reduce the current account deficit attract financial markets and deepen the foreign exchange market in Indonesia.The method adopted by Bank Indonesia is by raising the benchmark interest rate.Another step is to impose a Domestic Non-Deliverable Forward to deal with global financial uncertainty.The Bank Indonesia Board of Governors' Meeting in Jakarta, on September 26 and 27 decided that BI's benchmark interest rate rose 25 basis points or 0.25 percent to 5.75 percent.Thus, since May 2018, BI's interest rate has risen 1.5 percent.

After signing the agreement on July 12, PT Indonesia Asahan Alumunium -Inalum on Thursday (27/9) signed a sales and purchase agreement with PT Freeport McMoran Inc and PT Rio Tinto Indonesia. With the signing of the sales and purchase agreement, Inalum that represented the Indonesian Government officially becomes the majority shareholder of PT. Freeport Indonesia.In the agreement, Inalum as the holding company or holding mines of the State-Owned Enterprise paid US$3.85 billion dollars for 51 percent of PT. Freeport Indonesia.This payment process will take place within two years.

All Indonesia Football Association -PSSI is targeting 2018 League 1 competition to be continued in early October.The league will continue sooner after the issuance of a sanction decision related to the incident of the death of Persija Jakarta supporter, Haringga Sirila by Persib Bandung supporters.The PSSI investigation team has been investigating Haringga's death case since the federation stopped the competition on Tuesday (25/9).PSSI Deputy Chairperson, Joko Driyono said that the PSSI Disciplinary Commission will issue a sanction decision this weekend. His side requires fast and precise results, and investigations are no more than three to five days.Joko Driyono said in Jakarta on Thursday (27/9) that the fact-finding process involved all committees and departments in the management of PSSI.

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