Indonesia's local mining industry faces monthly loss of US$164m

New ruling on mineral ore exports on top of a 20% tax has led to severe declines in the industry.

The IDR continues to be revived as the BI Governor Nasution reported the central bank's moves to buy government bonds in the secondary market and issue US dollar term deposits.

Here's more from OCBC's Daily Treasury Outlook:

BI Governor Nasution said that the central bank will add US dollar supply in the market to help stabilize the IDR. He indicated that the central bank will continue to buy IDR government bonds in the secondary market and issue US dollar term deposits as well. He noted that Indonesia’s exposure to the Eurozone is relatively small.

Meanwhile, a local mining industry group said that the government’s new ruling on mineral ore exports, including a 20% tax imposed, has hurt the industry significantly and might have led to an average US$ 164mn loss per month.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia