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Jet Crash Adds to Long List of Aviation Disasters in Indonesia


Jet Crash Adds to Long List of Aviation Disasters in Indonesia
Bloomberg
1/10/2021
Harry Suhartono
(Bloomberg) The crash of Sriwijaya Air Flight 182 on Saturday afternoon is another blight on Indonesia’s already poor aviation safety record.
The country has had several incidents linked to safety issues in the past, including poor maintenance, pilot training, communications or mechanical failures and air-traffic control problems. It’s the worst place in Asia to take an airplane, with 104 accidents and 2,353 related fatalities, data from Aviation Safety Network show. What sent Flight SJ182 hurtling into the Java Sea shortly after take off isn’t yet clear and likely won’t be until the plane’s black box is retrieved and examined. But two things are known the jet was flying in heavy rain and the Boeing Co. model was almost 27 years old. ....

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Indonesia, Philippines Hold Key Rates as Recovery Continues


Indonesia, Philippines Hold Key Rates as Recovery Continues
Bloomberg
12/17/2020
Grace Sihombing, Claire Jiao, Siegfrid Alegado and Andreo Calonzo
(Bloomberg) Central banks in Indonesia and the Philippines held their benchmark interest rates steady Thursday and pledged to keep policy accommodative as their economies struggle with the worst virus outbreaks in Southeast Asia.
Bank Indonesia held its seven-day reverse repurchase rate at 3.75%, as predicted by 24 of 30 economists surveyed by Bloomberg; the others expected a 25-basis point cut. About a half-hour later, Bangko Sentral ng Pilipinas kept its overnight reverse repurchase rate at 2%, as predicted by all 16 analysts surveyed.
Central bankers in both countries cited a benign inflation environment and said they’d continue pursuing policies supportive of growth. ....

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Bank Indonesia Holds Rate Steady, Saves Ammunition for 2021


Indonesia, Philippines Hold Key Rates as Recovery Continues
Bloomberg
12/17/2020
Grace Sihombing, Claire Jiao, Siegfrid Alegado and Andreo Calonzo
(Bloomberg) Central banks in Indonesia and the Philippines held their benchmark interest rates steady Thursday and pledged to keep policy accommodative as their economies struggle with the worst virus outbreaks in Southeast Asia.
Bank Indonesia held its seven-day reverse repurchase rate at 3.75%, as predicted by 24 of 30 economists surveyed by Bloomberg; the others expected a 25-basis point cut. About a half-hour later, Bangko Sentral ng Pilipinas kept its overnight reverse repurchase rate at 2%, as predicted by all 16 analysts surveyed.
Central bankers in both countries cited a benign inflation environment and said they’d continue pursuing policies supportive of growth. ....

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