Indonesia Mulls 0% Income Tax to Draw Money to New Financial Hub

Indonesia’s foreign reserves fell by $2 billion as the central bank stepped up efforts to defend the weakening rupiah. The move signals tighter external liquidity and increased FX defense pressure, which is typically a negative read-through for emerging-market risk sentiment.

Analysis

Indonesia’s foreign reserves fell by $2 billion as the central bank stepped up efforts to defend the weakening rupiah. The move signals tighter external liquidity and increased FX defense pressure, which is typically a negative read-through for emerging-market risk sentiment.