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View all search resultsAs the current account deficit is now estimated at around 3 percent of gross domestic product (GDP), the government has started to introduce policies and programs to skimp foreign exchange (forex) spending, particularly on energy, which has drained forex reserves.
New issues highlighted in the Indonesia Maju platform are economic inequality, sustainable development, bureaucracy and relations between the central and regional governments. In terms of the economy, Islamic or sharia-based finance has been given significant focus.
South Jakarta Mayor Marullah Matali has said that the development of the new Mampang Prapatan subdistrict office has been put on hold as the municipal administration tries to find an alternative location, following a dispute over the originally planned site.
The Jakarta Council NasDem Party faction head Bestari Barus has suggested that the city administration should scrap OK OCE city's flagship project from the city’s budget if it does not provide capital to registered residents of the entrepreneurship program.
The city administration has eliminated 10 programs in the revised 2018 budget through the general state budget amendment policy (KUPA) and temporary state budget amendment priority and ceiling (PPAS) with an eye to increasing the draft budget to Rp 83.2 trillion, an official has stated.
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