JAKARTA -- Bank Indonesia has lowered its benchmark interest rate by 25 basis points to 5.50 percent, along with the deposit facility and lending facility rates to 4.75 percent and 6.25 percent respectively, following the board of governors meeting from Tuesday to Wednesday.
Perry Warjiyo, governor of Bank Indonesia, said the policy is based on inflation projections for 2025-2026, which are expected to remain low within the target range of 2.5±1 percent, and aims to maintain exchange rate stability in line with economic fundamentals. (Indonesia-Interest Rate)
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ISLAMABAD -- Five people, including three students, were killed and several others injured when terrorists attacked a school bus in Pakistan's Khuzdar district of southwestern Balochistan province on Wednesday, the Pakistani military said.
In a statement, the Inter-Services Public Relations, the media wing of the Pakistani military, condemned the terrorist attack on "the innocent school-going children's bus," vowing to hunt down the "planners, abettors and executors" of the attack and bring them to justice. (Pakistan-Blast-Deaths)
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SINGAPORE -- Singapore's Prime Minister Lawrence Wong on Wednesday announced the lineup of his new cabinet following the ruling People's Action Party's win in the May 3 general election.
Deputy Prime Minister Gan Kim Yong, together with three newly appointed coordinating ministers, will form part of the core team supporting Wong in governance and mentoring new and younger office holders, Wong said at a press conference, according to local media reports. (Singapore-Cabinet)
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TOKYO -- Japan's Agriculture, Forestry and Fisheries Minister Taku Eto on Wednesday submitted his resignation to Prime Minister Shigeru Ishiba after facing intense criticism for his recent remarks on rice.
During a public speech on Sunday, Eto stated that he had never bought rice as he received so much from supporters, at a time when the public is fretting over soaring rice prices. (Japan-Minister-Resign) Enditem
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