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Said Iqbal, special presidential advisor for employment and workers’ welfare, stated those companies located in Pasuruan and Mojokerto, East Java, referred to them only by the initials PT J and PT S.
21 hours agoRolling power outages across parts of Java and Bali over the weekend have disrupted household and business activities, reigniting concerns over the reliability of Indonesia’s electricity system, with experts warning that the situation could persist for up to two more weeks. ...
1 day agoIndustry representatives stated that fiscal pressures have narrowed spending capacity among regional governments, particularly for healthcare services and medical equipment procurement. ...
1 day agoThe Indonesian steel industry has blamed a sharp rise in imports from China for plummeting sales at some domestic producers.
1 year agoThe state budget (APBN) cycle, a complex and comprehensive process from planning to accountability, plays an important role in outlining the government’s achievements and financial performance for the year.
1 year agoThe COVID-19 pandemic impacted all aspects of life globally in 2020, including the economic sector.
1 year agoEnergy and Mineral Resources Minister Bahlil Lahadalia completed his doctoral program in only one year and eight months, causing an uproar among University of Indonesia alumni.
1 year agoEurope's agriculture commissioner, who is currently on a state visit to Indonesia, suggests that smallholders must organize to increase productivity, add value and cut out the scourge of middlemen by taking a more prominent position in the agricultural supply chain.
1 year agoChina's economy grew slightly quicker than expected in the third quarter, but a prolonged property downturn and weak consumption remain a drag on activity, maintaining pressure on policymakers as they consider more stimulus steps to revitalize growth.
1 year agoIndonesia is one step closer to its goal of becoming an electric vehicle manufacturing hub after inaugurating its first lithium iron phosphate (LFP) factory earlier this month, but analysts say the country’s heavy reliance on Chinese investment in the industry could complicate efforts to sell the cathode material in Western markets.
1 year agoBappenas has drawn up two possible scenarios for the country to achieve incoming president Prabowo's plan to reach GDP growth of 8 percent, an entire percentage point higher than Jokowi's unattained target of 7 percent.
1 year agoChina said Thursday it would boost the credit available to the ailing property market by the end of the year and help renovate a million homes as unveiled its latest measures to shore up the struggling sector.
1 year agoMore than four years after the coronavirus pandemic wreaked havoc on international travel, Indonesia’s crucial tourist industry has yet to recover.
1 year agoSovereign sukuk (SBSN) has played an important role over the past decade of economic and infrastructure development in Indonesia. Also known as Islamic bonds, the sharia-based financing instrument is one effective solution that supports national development while fulfilling the principles of Islamic finance.
1 year agoBank Indonesia will keep eye on the Federal Funds Rate (FFR), US Treasury yields and the state of the ongoing Middle East conflict, among other indicators.
1 year agoMore than half of the world's electricity will be generated by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.
1 year agoAfter a meeting with the president-elect in Jakarta on Monday, Sri Mulyani said Prabowo had asked her to serve as finance minister again.
1 year agoMicro, small and medium enterprises (MSMEs) hold a vital role in the national economy, becoming a backbone of economic stability, and have proven to be resilient in the face of crises such as the COVID-19 pandemic. MSMEs dominate economic growth by contributing around 60.5 percent of gross domestic product and absorbing 96.9 percent of the total workforce. Therefore, the government continues to encourage the MSME sector through various policies and programs that are expected to advance the sector so that it can participate in the global value chain.
1 year agoAccording to Investment Minister Rosan Roeslani, data center providers have shown interest in Indonesia but backed off because of a lack of renewable energy and opted to invest in Malaysia instead.
1 year agoIn the last 10 years, the Indonesian economy has been one of the best-performing economies in the world, with average annual economic growth of above 5 percent, controlled inflation and a positive fiscal deficit as a result of effective consolidation.
1 year agoOver the last decade, Indonesia has successfully integrated development across various sectors nationwide, with the government ensuring that the development agenda runs well and has a positive impact on society. Despite many challenges ranging from global economic turmoil, geopolitical tensions and pandemics to climate issues, the government has been consistently present in reaching all levels of society.
1 year agoAutomobile production has declined, in part because of the weakening purchasing power of Indonesian customers.
1 year agoThe average growth of Indonesia’s state spending in the past decade was recorded at 6.83 percent, rising from Rp 1,777.2 trillion (US$114 billion) in 2014 to Rp 3,621.3 trillion in 2025.
1 year agoThe government is actively implementing state spending to meet the targets of the state budget (APBN), namely by supporting economic growth and improving people's welfare. To that end, the government has consistently allocated the budget for various priority programs and managed state finances wisely.
1 year agoSingapore's economy grew more than expected in the third quarter as a rush for all things linked to artificial intelligence drove up demand for computer chips, according to preliminary data Monday.
1 year agoThe United Nations has estimated that the world is facing an annual financing gap of about US$4 trillion to achieve the SDGs, leaving countries with scarce resources to invest in better education, healthcare, renewable energy and climate resilience.
1 year agoThe 2025 state budget was prepared during the government transition period in a spirit of sustainability, optimism and inclusiveness, yet remains cautious and vigilant in facing global and national dynamics.
1 year agoIncreased equality in education services is the main key to nurturing high quality and competitive human resources, embodying the characteristics of being healthy, intelligent, adaptive, innovative and skilled.
1 year agoChina's consumer inflation rate slowed in September, official data showed Sunday, in a sign that demand remains fragile in the world's number two economy.
1 year agoChina pledged on Saturday to "significantly increase" debt to revive its sputtering economy, but left investors guessing on the overall size of the stimulus package, a vital detail to gauge the longevity of its recent stock market rally.
1 year agoThe government has revised up the 2025 State Budget revenue target to Rp 3,005.1 trillion from Rp 2,996.9 trillion.
1 year agoHead of the Tax Revenue Management Sub-Directorate of the Directorate General of Taxes (DJP) at the Finance Ministry Muchamad Arifin has reported that the tax revenue performance of the last 10 years was relatively good. Although there was a slowdown between 2014 and 2019, from 2021 to 2023 tax revenue grew very well, supported by economic recovery, rising commodity prices and a mix of tax policies. In 2022, tax revenue experienced the highest growth of 115.6 percent.
1 year agoMinistry/institution spending has been adjusted from the original Rp 976.8 trillion in the 2025 draft state budget (RAPBN) to Rp 1,160.1 trillion in the 2025 state budget (APBN). Meanwhile, non-ministry/institution spending has decreased from Rp 1,716.4 trillion to Rp1,541.4 trillion.
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