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projection

Business 6 years ago

PREMIUM
World Bank downgrades Indonesia growth outlook, calls for reforms on grim global economy

Indonesia’s economy is projected to grow by 5 percent this year, the lowest annual economic growth since 2016, according to the October 2019 edition of the World Bank’s East Asia and Pacific Economic Update published on Thursday.

Business 6 years ago

PREMIUM
Skills gap, inadequate regulations hamper digital economy

Skills gaps, inadequate regulations and a lack of internet access outside of the main cities have hindered the growth of the digital economy, researchers have said.

Business 6 years ago

Tax to GDP ratio assumption revised down

The government and the House of Representatives on Monday agreed to revise down the tax to gross domestic product (GDP) ratio assumption for the 2020 state budget to 10.57 to 11.18 percent from the initial figure of 10.6 to 11.2 percent.

Business 6 years ago

Indonesian Crude Price projected at US$60 per barrel in 2020

The Energy and Mineral Resources Ministry and House of Representatives Commission VII, which oversees energy policy, have agreed to assume an Indonesian Crude Price (ICP) of US$60 per barrel for the 2020 state budget.

Business 6 years ago

BI projects 0.51 percent inflation in May

BI Governor Perry Warjiyo said the factors that pushed inflation up was mainly airfares, red chili and garlic, while deflationary factors were rice and shallot.

Business 6 years ago

Government projects 5.3 to 5.6 percent GDP growth in 2020

The projection is lower than the figure in the 2019 state budget, which is 5.4 to 5.8 percent.

Business 6 years ago

Retail sales expected to increase 30-40 percent ahead of holiday

This year, spending will increase, supported by the elections, Ramadan, Idul Fitri, holiday bonuses and controllable inflation.

Business 6 years ago

"Natural decline" a challenge to 2019 production, says SKK Migas

The upstream regulatory body is still optimistic about reaching its 2019 target.

Business 6 years ago

BI projects prices of main commodities to increase in June

Bank Indonesia has projected the price of main commodities to increase after a BI survey estimated the three-month general price expectation index (GPEI) to increase to 174.6 in June from 153.9 in the previous month.