Indonesia Update: Restrictions on the Use of Proceeds from the Export of Natural Resources and Implications for Offshore Lenders
The Indonesian Government recently announced its 16th Economic Policy Package (Paket Kebijakan Ekonomi ke-XVI) as a domestic response to the pressures of global economic developments, including pressure on the Indonesian Rupiah – a particularly sensitive issue in the lead-up to Indonesia’s parliamentary and presidential elections…
Government Mulls Reverse Tobin Tax to Retain Foreign Investment
To reduce the country’s current account deficit (CAD), the government is considering encouraging foreign investors to keep funds in the country through a policy known as the reverse Tobin tax. To reduce the country’s current account deficit (CAD), the government is considering encouraging foreign investors…
10,000 Chinese Tourists Cancel Trips to Bali over Coronavirus Fears: Travel group
Chinese tourists are starting to cancel their trips to Indonesia over fears of an acceleration of the spread of a deadly coronavirus in the Asian nation and around the world. Chinese tourists are starting to cancel their trips to Indonesia over fears of an acceleration…
Opening of Orbit Habibie Festival
Dr. Ilham A. Habibie,
Festival Chairman
Dr. Ilham A. Habibie, Festival Chairman of the Orbit Habibie Festival, kicks off the 2019 Habibie Festival with an opening address about the future of learning. Present in the audience are local and international students and speakers, leaders, and investors who are excited to help…
World Economic Outlook Growth Projects (%)
Projections of world output from advanced economies emerging market & developing economies, and low-income developing countries are compared side by side with no clear winners through this storm.
Face-to-Face
Sandiaga Uno
Entrepreneur, Politician, and Rainmaker
Employment opportunities, startups, and the investment climate are all interconnected in Sandiaga Uno’s interviews he discussed the potential for Indonesia’s economic growth at the Indonesia Economic Forum on November 2018.
2020 State Budget Allocation for Human Capital Development
Indonesia’s human capital shortage may finally be addressed with a step in the right direction, as more allocation is made towards improving the quality of education.
BREAKING: Former president B. J. Habibie dies at 83
Indonesia mourns as its third president passes away on Wednesday. Former president Bacharuddin Jusuf Habibie died at the age of 83 at the Gatot Subroto Army Hospital (RSPAD) in Central Jakarta on Wednesday. Habibie’s great-niece and singer-cum-activist Melanie Subono announced the news on her Instagram…
Indonesia’s economy at risk as global recession looms: World Bank
The World Bank highlights that with the rise of a global recession, Indonesia should wise up and respond in turn with its foreign direct investment. Indonesia’s economy, which has been growing steadily at around 5.3 percent per year on average since the start of the…
Sleepy to sleepless? Indonesia’s future capital in the forest
Locals worry their city will soon mirror the capital, polluted and unruly. By night, the beams of an occasional truck carrying coal or palm fruits pierce the darkness. This remote corner of Indonesia is set to be transformed from a forest backwater on the island…