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Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from its previous expectations of a speedy transition to cleaner fuels and predicting that the world will likely fail to achieve climate goals.
8 hours agoWhile preliminary BI data indicates consumers' growing confidence in the economy, an economist has pointed out a decline in the ratio of consumption to income suggested cautious optimism. ...
1 day agoPrabowo’s 3 million housing program was recently removed from the list of National Strategic Projects (PSN), raising concerns over the continuity of state-backed support. ...
1 day agoIn a film industry marked by the rise of over-the-top (OTT) platforms, Indonesian cinema has leaped into the global spotlight.
1 year agoAnalysts attribute the rebound in imports to a seasonal increase in domestic demand.
1 year agoThe Asian Development Bank (ADB) has provided Rp 37.22 billion (US$2.4 million) of grant as technical assistance for the construction of the new capital city Nusantara.
1 year agoIndonesia is expected to see lowest investment in renewable energy projects in the last six years amid unaddressed structural and financial barriers in the sector.
1 year agoSelected vehicles are involved in the trial of the contactless toll system (MLFF) which started on Tuesday in Bali, aiming to enhance efficiency and remove congestion at toll gates.
1 year agoFinance Minister Sri Mulyani says Indonesia needs to ramp up its economic growth to around 6 to 7 percent in order for the country to fulfill its ambition of becoming a high-income, developed country by 2045.
1 year agoIndonesia has received a contribution fund of US$100 million from Norway to continue its efforts in reducing deforestation to cut emissions.
1 year agoSome analysts and investors even interpreted Wednesday's events as the effective start of a Fed easing cycle.
1 year agoEconomists have warned the government against pursuing a policy of protectionism even while many other countries have placed curbs on trade.
1 year agoIndonesia’s economy is experiencing good growth and has recovered from the COVID-19 pandemic despite a challenging global situation.
1 year agoThe ADB raised its 2023 growth forecast for developing Asia to 4.9 percent from 4.7 percent projected in September, but kept its growth outlook for the region at 4.8 percent next year.
1 year agoIndonesia is making some headway in decoupling its GDP growth and emissions output, the World Bank has noted in its latest report on the country's prospects, which includes recommendations on how to maintain this trend.
1 year agoThe year 2045 will present a valuable moment for Indonesia, as the country will obtain a window of opportunity through a demographic bonus, something that only occurs once in a nation's lifetime.
1 year agoThe head of the metalworking and machinery association suggests gathering feedback from businesses on post-COVID market conditions to ensure that the incentives benefited the targeted industries as intended.
1 year agoIn order to achieve the 2045 development goals known as Indonesia Maju (Onward Indonesia), one of the government’s main focuses next year is economic transformation. This includes continuing to develop the national infrastructure, improve human resource quality, develop a green economy, use renewable energy, strengthen bureaucratic reform and simplify regulations.
1 year agoThis year's BPS agricultural survey points to a lack of farmer regeneration as well as other factors suggesting a significant decline in future productivity, which experts say could leave the country dependent on imports.
1 year agoIndonesia may reap significant benefits if the country can fully utilize its services potential, but the government must first ease restrictions and enact sweeping policy reforms to actually realize it, World Bank said.
1 year agoWhile many Indonesians might aspire to achieving financial freedom and early retirement, achieving FIRE remains out of reach due to various factors including minimum wage earnings, familial obligations, poor financial management and societal pressures.
1 year agoA fiscal policy plays a significant role in safeguarding the national stability and maintaining economic growth.
1 year agoChinese investments in Vietnam have boomed this year in contrast to a slowdown in US spending and trade, official data show, as the world's two largest economies vie for influence in the strategic Southeast Asian country.
1 year agoRegardless of whether nuclear power is suitable for Indonesia's energy transition, observerss appear to concur that building a thorium-based nuclear plant in the country will require more time to develop the relevant infrastructure and regulations, as well as the technologies for processing the radioactive metal.
1 year agoThe government of Indonesia, a nation and state concerned about its future generations, has established specific policies in the State Budget (APBN) to enhance the well-being of children. These policies cover various aspects, including health, education and quality of life.
1 year agoWest Texas Intermediate oil for delivery in January fell 4.1 percent to finish at $69.38 a barrel. The drop came as markets eyed signs of weakening demand amid skepticism that the OPEC + coalition's efforts will meaningfully restrain supply.
1 year agoAs the world has become more divided, countries have resorted to an unprecedented use of monetary and fiscal tools to protect their economies, Finance Minister Sri Mulyani said on Wednesday, adding that the move had put great pressure on both instruments.
1 year agoThe state budget for fiscal year 2024 was passed through Law No. 19/2023 on Oct. 16. In that law, the government targets state revenue of Rp 2,802.29 trillion and state expenditure of Rp 3,325.12 trillion, making for a deficit of Rp 522.83 trillion or around 2.29 percent of Gross Domestic Product (GDP).
1 year agoImproving upon Indonesia’s overall citizen capabilities is a state mandate that must be carried out, as stated in the 1945 Constitution
1 year agoThe 2024 state budget has been approved by the government at Rp 3,325.1 trillion. It serves as a crucial instrument for confronting global upheavals, such as pandemics, energy price increases and rising food prices. It also acts as an instrument of economic recovery and protecting the public. One noteworthy form of state budget expenditure is investing in state assets.
1 year agoExperts warn that the ongoing "liquidity battle" between banks and government could be expected to intensify next year.
1 year agoThe Indonesian government is taking the European Union to the World Trade Organization over the regional organization’s imposition of import duties on Indonesian stainless steel products.
1 year agoFinance Minister Sri Mulyani Indrawati accompanied President Joko “Jokowi” Widodo at the Budget Implementation List (DIPA) handover event at the State Palace in Jakarta on Wednesday.
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