Indonesia’s Economic Optimism Facing Geopolitical Challenges
Jakarta 1 November 2023 – The global economic condition, which has not yet recovered after the COVID-19 pandemic, continues to experience challenges in the form of the Russia-Ukraine war and the Hamas-Israel conflict which have triggered increases in energy and food. “Energy and food prices,…
Indonesia Carbon Exchange Outpaces That of Malaysia, Japan
Jakarta, 26 October 2023 – Since its inauguration by President Joko Widodo (Jokowi) on September 26, the Indonesia Carbon Exchange (IDX Carbon) has surpassed the performance of similar exchanges in Malaysia and Japan. The Indonesia Stock Exchange (IDX) has introduced the latest developments in the…
Indonesia president says rupiah’s drop still ‘safe’, flags tax incentives
Jakarta, 24 October 2023 – Indonesia President Joko Widodo said on Tuesday the rupiah’s recent depreciation rate against the dollar was still “safe” for Southeast Asia’s largest economy and its inflation targets and that his government was drafting tax incentives to boost growth. Speaking at…
Indonesia’s Economy Stays On Track, BI Governor Says
Jakarta, 23 October 2023 – Bank Indonesia (BI) Governor Perry Warjiyo estimated that Indonesia’s economic growth will stay on track and resistant to international propagation. During the third quarter of 2023, the economic growth was supported by private consumption, including the youths. “In line with the increase…
Bank Indonesia to stay put till year-end, cut in Q2 2024
Jakarta, 20 October 2023 – Bank Indonesia (BI) will follow its regional peers and leave its interest rate unchanged on Oct. 19, staying on the sidelines for longer than previously expected, a Reuters poll found. With inflation at a 19-month low of 2.28% in September, firmly within…
Indonesia Reports $10 Billion Surplus in State Budget
JAKARTA, 11 August 2023 – The Indonesian government announced on Friday that the state budget has achieved a surplus of Rp 153.6 trillion ($10 billion), which is equivalent to 0.72 percent of the gross domestic product for the first seven months of the year. During…
Indonesia readies road map for Timor Leste’s full ASEAN membership
JAKARTA – Indonesia, as the chair of ASEAN this year, is preparing a road map to support the full membership of the Democratic Republic of Timor Leste in the regional association. Indonesian President Joko Widodo (Jokowi) made the announcement in a joint statement issued with…
Comprehensive Job Creation Law to Come into Force in 3 Months: Airlangga
JAKARTA – The emergency regulation in lieu of the job creation law will come into force in three months at the latest after being enacted by the House of Representatives, Chief Economic Minister Airlangga Hartarto said in an exclusive interview with BTV news channel aired…
IEF Joins Singapore Blockchain Week Conference
How will blockchain drive ASEAN’s digital economy? According to recent reports, ASEAN’s digital economy could be worth more than US$300 billion by 2025. Can blockchain technology boost the region’s digital economy to even greater heights? Our founder, Shoeb Kagda, will moderate a panel titled: Boosting…
Gov’t readies Rp283 trillion for MSME business credit program
Garut, West Java (ANTARA) – Coordinating Minister for Economic Affairs Airlangga Hartarto said the government has prepared Rp283 trillion (US$19.6 billion) for the people’s business credit (KUR) program for developing micro, small, and medium enterprises (MSMEs). “The KUR is provided by the government with 3…