Wishnutama Will Hire 15 Foreign Influencers to Promote Tourism
Tourism Minister Wishnutama Kusubandio said the Rp27 billion budget would not merely be used to pay influencers but also to fund other programs. Tourism Minister Wishnutama Kusubandio said the Rp27 billion budget would not merely be used to pay influencers but also to fund other programs. At least…
BI Continues to Intervene in Markets as Foreigners Sell Indonesian Securities
Bank Indonesia (BI) has pumped Rp 87 trillion (US$6.2 billion) into the domestic bond markets so far this month as big sell-offs sent stock markets around the world into a tailspin amid fears over the global spread of the coronavirus. Bank Indonesia (BI) has pumped…
US Unilateral Decision may Affect Indonesia’s Current Account
The United States (U.S.) government’s unilateral decision to exclude Indonesia from the list of developing nations can affect its current account, the Institute for Development of Economics and Finance (Indef) has opined. The decision should serve as an early warning to our government. If we…
Indonesia Invites Saudi Arabia to Invest in its Sovereign Wealth Fund
Finance Minister Sri Mulyani Indrawati hopes to get Saudi Arabia on board, particularly through the planned sovereign wealth fund. Finance Minister Sri Mulyani Indrawati hopes to get Saudi Arabia on board to invest more in Indonesia, particularly through the planned sovereign wealth fund that is…
Coronavirus Could Damage Global Growth in 2020: IMF
The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday, but a sharp and rapid economic rebound could follow. The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday, but a sharp and rapid economic…
Guide to Omnibus Bill on Job Creation: 1,028 pages in 10 minutes
Last week the government submitted the controversial omnibus bill on job creation to the House of Representatives, aiming for a conclusion in deliberation within 100 days. Last week the government submitted the controversial omnibus bill on job creation to the House of Representatives, aiming for…
Indonesia to Tap domestic market, investment to tackle COVID-19 impact
The Coronavirus (COVID-19) outbreak hitting China, the world’s second-largest economy, since January-end 2020 has hindered the recovery of the global economy from the impacts of the US-China trade war that had slowed down. The Coronavirus (COVID-19) outbreak hitting China, the world’s second-largest economy, since January-end…
‘Not worried’: Airlangga Hartarto Downplays US’ Revocation of Indonesia’s Developing Nation Status
Coordinating Economic Minister Airlangga Hartarto says the United States’ decision to no longer recognize Indonesia as a developing country would not affect the country much, despite the potential effects the decision would bring. Coordinating Economic Minister Airlangga Hartarto says the United States’ decision to no…
Indonesia Looks to Revamp State Firms to be More Profitable
Indonesia is looking to boost the profitability of state companies by merging or closing underperforming firms and their units. Indonesia is looking to boost the profitability of state companies by merging or closing underperforming firms and their units, the ministry of state-owned enterprises said on…
Analysts ‘expect GDP to dip below 5%’ as viral outbreak derails global economy
The country’s tourist sector has taken a hit amid the novel coronavirus outbreak in China that has spread to other countries, as more trip and hotel booking cancellations have been reported following travel bans on tourists to and from China. The Indonesian economy is projected to slow further this…