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View all search resultsOnline travel agent Tiket.com saw an average sevenfold year-on-year (yoy) increase in transactions across all of its products in the second quarter of the year as relaxed restrictions caused a surge in demand compared to last year.
Indonesia’s gross domestic product (GDP) expanded by 5.18 percent year-on-year (yoy) in the fourth quarter of last year, Statistics Indonesia (BPS) announced on Monday, bringing the overall growth for last year to 5.17 percent, the highest annual expansion since 2013, when the economy grew by 5.56 percent.
Bankers have seen consumer credit come under pressure as the end of the year approaches, following Bank Indonesia’s decision to increase its seven-day reserve repo rate by 1 percent to 5.5 percent since April to strengthen the rupiah against external pressure.
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