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5.4 percenbt growth quite optimistic but not ambitious: Sri Mulyani

Thu, 17 Aug 2017 11:44:56 +0700

Finance Minister Sri Mulyani Indrawati said the countrys economic growth target of 5.4 percent set in the 2018 draft state budget is quite optimistic. "In my opinion it is quite optimistic but not too ambitious," Sri ...



Finance minister: Tax revenue target more moderate

Thu, 17 Aug 2017 10:17:57 +0700

Finance Minister Sri Mulyani Indrawati described as moderate under the prevailing condition the tax revenue target of Rp1,609.4 trillion set in the draft state budget for 2018. "This is more moderate in comparison with ...



Revenue target set at Rp1,878.4 trillion: President

Wed, 16 Aug 2017 22:55:07 +0700

The government on Wednesday unveiled the 2018 Draft State Budget with a revenue of Rp1,878.4 trillion, state expenditure of Rp2,204.4 trillion, and a budget deficit of approximately Rp325.9 trillion, equivalent to 2.19 percent of ...



Jakarta index closes higher on Wednesday

Wed, 16 Aug 2017 22:53:20 +0700

The Jakarta composite share price index (IHSG) closed 0.97 percent higher on Wednesday driven mainly by consumer sector stocks, analyst said. The index of the Indonesian Stock Exchange (BEI) rose 56.90 points to ...



Inflation expected to remain under control: Jokowi

Wed, 16 Aug 2017 19:06:31 +0700

President Joko Widodo (Jokowi) said the countrys inflation is expected to remain under control despite factors that need addressing such as the impact of weather anomaly on food commodities. "Inflation rate is expected ...



Indonesian govt targets economic growth at 5.4% in 2018

Wed, 16 Aug 2017 18:43:36 +0700

(image) The government has set an economic growth target at 5.4 percent in the 2018 Draft State Budget (RAPBN) to be achieved through the support of public consumption, increased investment, and improved export/import performance. ...



Engine of diplomacy to exploit non traditional markets: President

Wed, 16 Aug 2017 18:05:01 +0700

President Joko Widodo (Jokowi) said here on Wednesday Indonesia is expanding economic diplomacy to exploit non-traditional markets in Africa, Middle East and Asia. "Our engine of diplomacy is moving to exploit ...



Debts managed with international standard of management: Jokowi

Wed, 16 Aug 2017 17:59:40 +0700

The government is managing its debts with international standard of management, President Joko Widodo said here on Wednesday. The debt is used to improve the national productivity, the president said in state of the ...



Districts across Indonesia apply one-price fuel policy: Minister

Wed, 16 Aug 2017 17:22:29 +0700

A total of 22 districts across Indonesia have applied the one-price fuel policy until mid-August 2017, according to Energy and Mineral Resources Minister Ignasius Jonan. The one-price fuel program was the governments strong ...



Economic packages have won int`l trust: President

Wed, 16 Aug 2017 17:15:29 +0700

President Joko Widodo (Jokowi) said that the 15 Economic Policy Packages issued since 2015 have resulted in the increasing international confidence in Indonesias economic resilience. "Through the 15 Economic Policy Packages, ...



AP I hopes to post a 28 percent increase in net profit

Wed, 16 Aug 2017 12:00:02 +0700

State-owned airport operator PT Angkasa Pura I (AP I) said it hopes to chalk up Rp1.17 trillion in net profit this year or a 28 percent increase from last years target. "The strategy to ensure to reach the target is by ...



VP hopes for higher economic growth

Wed, 16 Aug 2017 05:15:13 +0700

Vice President Jusuf Kalla has expressed hope that the country could record a higher economic growth and equal development, which would reduce inequality, after 72 years of its independence. "We hope that economic growth ...



Indonesia reports deficit in international trade

Wed, 16 Aug 2017 05:13:38 +0700

Indonesia suffered a deficit of US$270 million in its international trade in July, the Central Bureau of Statistic (BPS) said here on Tuesday. BPS head Suhariyanto attributed the deficit to a US$600 million deficit in the ...



Government debts reach Rp3,779.98 trillion as of July 2017

Wed, 16 Aug 2017 05:07:53 +0700

The Indonesian governments debts have reached Rp3,779.98 trillion as of late July 2017 to achieve the countrys economic growth target, the Directorate General of Financing and Risk Management of the Finance Ministry said. ...



West Papua exports Merbau woods to China

Wed, 16 Aug 2017 05:02:41 +0700

West Papua Province was finally able to export Merbau woods, the provinces best commodity directly to Shanghai, China through Makassar port. That first export of merbau woods, which is West papuas specialty by CV Sorong ...



3.7 thousand salt plantations to be revitalized

Mon, 14 Aug 2017 23:09:48 +0700

The Indonesian government will revitalize some 3.7 thousand salt plantations in East Nusa Tenggara province in order to support the domestic demands, following the salt scarcity that occurred over the past months. The ...



Jokowi to announce 16th policy package after independence day celebrations

Mon, 14 Aug 2017 23:05:48 +0700

President Joko Widodo (Jokowi) has planned to announce the 16th economic policy package after the commemoration of the 72nd anniversary of Indonesian Independence on Aug 17, a senior minister said. "(The package policy) is ...



Reindustrialization policy must be implemented: Brodjonegoro

Mon, 14 Aug 2017 19:44:28 +0700

The reindustrialization policy must be implemented to achieve high economic growth in the subsequent decades, Head of the National Development Planning Agency (Bappenas) Bambang Brodjonegoro stated. Bappenas is currently ...



Indonesia, Vietnam to boost trade and investment

Mon, 14 Aug 2017 19:31:31 +0700

Indonesia and Vietnam have agreed to boost bilateral trade and investment to improve the balance of trade. Indonesian Trade Minister Enggartiasto Lukita stated here on Monday that the countrys trade balance with Vietnam ...



Ultra-micro credit program to enable equal welfare distribution: Minister Puspayoga

Mon, 14 Aug 2017 18:51:02 +0700

(image) Cooperatives and Small and Medium Enterprises (UKM) Minister Anak Agung Gede Ngurah Puspayoga said that an ultra-micro credit program would enable equal distribution of welfare among community. "The ultra-micro credit ...