Jokowi wants Trump-style Deregulation in Indonesia
Source: Jakarta Post, November 11 2019 By: Marchio Irfan Gorbiano President Joko “Jokowi” Widodo has instructed his ministers to slash regulations for every new rule issuance, inspired by a story shared with him by US Secretary of Commerce Wilbur Ross about President Donald Trump’s deregulation…
Moody’s: Negative Outlook for Sovereigns
Source: The Star, November 11 2019 KUALA LUMPUR: Moody’s Investors Service has a negative outlook for sovereign creditworthiness in 2020 due to worrying geopolitical environment, rising risks of shocks. The rating agency said on Monday this reflected its expectations for the fundamental conditions that will…
Why Indonesia Is Missing Out as Companies Move Out of China
Source: Bloomberg, November 11 2019 By: Karlis Salna Follow Bloomberg on LINE messenger for all the business news and analysis you need. Indonesia is Southeast Asia’s biggest economy, with one of the biggest labor pools in the world. But it punches beneath its weight when it…
Indonesia’s GDP grows 5.02 Percent in Q3, Slowest in Over Two Years
Source: Jakarta Post, November 5, 2019 Indonesia’s economic growth reached 5.02 percent in the third quarter, the lowest level in more than two years, with investment failing to contribute to the economy, which has been hit by a global economic slowdown driven by the trade war…
Jokowi Focuses on Infrastructure Development in Remote Regions
Source: Antara News, August 16 2019 For infrastructure outside 3T regions, the government is focusing on improvement of management, governance, and regulatory framework to support economic transformation Joko Widodo Jakarta (ANTARA) – Indonesian President Joko Widodo highlighted the need for infrastructure development and interregional connectivity…
Indonesia Misses Ease of Doing Business Target
Source: Jakarta Globe, October 25 2019 BY: DION BISARA Jakarta. Indonesia failed to improve its rank in the latest ease of doing business list issued by the World Bank, falling short of President Joko “Jokowi” Widodo’s promise to put the country in the top 40 this year. The list,…
Power Up: Indonesia’s New Capital Needs New Electricity Grid
Source: Jakarta Globe, October 28 2019 BY: RIDHO SYUKRA Jakarta. Indonesia’s new capital in East Kalimantan will need additional 1,555 megawatts of electricity to ensure an uninterrupted power supply, according to the Energy and Mineral Resources Ministry. The extra capacity needed is around what the entire island of…
Malaysia’s BGMC Corp to Invest $1b in Port, Industrial Development in Riau
Source: ANTARA, October 27 2019 Jakarta. The BGMC Corporation, a Malaysian construction services company, will invest $1 billion in a port and industrial complex in Siak district, Riau, the neighboring country’s ambassador said at the weekend. The Indonesian government is developing the Tanjung Buton industrial area…
GRI agrees Memorandum of Understanding with BAPPENAS
Source: The Global Reporting Initiative: Empowering Sustainable Decisions, October 16 2019 How can Indonesia secure progress in SDGs reporting? GRI has signed a collaboration agreement with the Indonesian Government that commits to support and provide the reporting frameworks for the country’s commitments to the UN…
Which 20 Countries will Dominate Global Growth in 2024?
Source: The Economic Times, October 21 2019 By Alex Tanzi The global economy, weighed down by tensions that have stalled international trade and elevated uncertainty, is expected to see slower growth in the next half decade across a wide swath of economies. China’s growth rate…