Trapped in 5% Growth
Jakarta Post, December 16 2019 Most economists, including those of the World Bank and international banks, have predicted Indonesia will continue to be stuck in the 5-percent growth lane this year and 2020 amid worldwide policy uncertainty, subdued global growth and international trade tensions and…
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…
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,…
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…
Trump Announces Partial Trade Deal with China, Lifting Hopes that Tensions Could Ease
Source: Washington Post, October 12 2019 By David J. Lynch President Trump said Friday that the United States and China have “agreed in principle” on a preliminary trade deal, marking the first tangible achievement in their 18-month trade war while leaving all of the toughest issues…
For a Second Time, The World Bank Predicts Indonesia’s Economic Growth to Decline
Source: CNBC Indonesia, October 11 2019 Jakarta, CNBC Indonesia- The World Bank returns with another prediction that Indonesia’s economic growth will decline and only grow 5% this year. Earlier in April the World Bank predicted the Indonesian economy would only grow 5.1%. More in the…
Indonesia’s Competitiveness Ranking Drops 5 Spots as Singapore Tops List: World Economic Forum
Indonesia’s ranking in the World Economic Forum’s global competitiveness index dropped five places in 2019 to 50th out of 141 economies, while Singapore takes over the United States as the world’s most competitive country. Indonesia, the largest economy in Southeast Asia, scored 65 out of…
Global Trade Is Deteriorating Fast, Sapping the World’s Economy
Source: The New York Time, October 1 2019 By Peter S. Goodman LONDON — As President Trump intensifies his trade war with China, and as factories slow in major industrial nations, world commerce is deteriorating rapidly, a perilous development that threatens the health of the global…