Finance Minister Sri Mulyani Indrawati said the Government’s debt ratio deficit against the Gross Domestic Product (GDP) is currently still below 30 percent and the deficit of State Budget (APBN) at around 2.5 percent. According to her, the figure is still far lower than that of other G-20 countries. “With the deficit of around 2,5 […]

Shortly after working visit to Turkey, President Joko ‘Jokowi’ Widodo on Thursday (6/7) arrived at Helmut-Schmidt International Airport in Hamburg, Germany, to attend the G-20 Summit. President Jokowi was welcomed by Indonesian Ambassador to Germany Federal Republic Dr. H. Fauzi Bowo and Defense Attaché of Republic of Indonesia in Berlin Colonel Kav. Tomi Kaloko Utomo. […]

Concluding his agenda in Ankara, Turkey, President Joko ‘Jokowi’ Widodo had a one on one meeting with three CEOs from Turkey’s main companies as well as a business meeting with a number of Indonesian and Turkish CEOs at JW Marriot Hotel, on Thursday (6/7) afternoon local time. On the business meeting, President Jokowi said that […]

On the second day of his visit in Turkey, President Joko “Jokowi” Widodo is scheduled to meet with President Recep Tayyip Erdogan at the Presidential Palace of the Republic of Turkey in Ankara on Thursday (6/7) afternoon. Indonesian Foreign Affairs Minister Retno Marsudi, in her statement to reporters on the occasion, said that Turkish President […]

Indonesia and Turkey are two countries which have huge cooperation potentials to develop, according to President Joko ‘Jokowi’ Widodo. Therefore, during his working visit to Turkey, the President conveyed a number of areas for concrete and prioritized cooperation to his Turkish counterpart President Recep Tayyip Erdogan, including cooperation on trade and investment, defense, energy, and […]

Under Presidential Instruction (Inpres) Number 4 of 2017 on Budget Efficiency of Ministries/Institutions in the Implementation of State Budget (APBN) Fiscal Year 2017, signed by President Joko Widodo dated 22 June 2017, the Government will make savings of the Ministry/Institution’s (K/L) goods expenditure amounted to Rp16 trillion from the initial plan of Rp237.098 trillion to […]

In a bid to improve and secure the priorities of the implementation of the 2017 State Budget, President Joko “Jokowi” Widodo on 22 June 2017 signed a Presidential Instruction Number 4 of 2017 on the Budget Efficiency Measures in Ministries/Institutions Expenditures on Goods in the Implementation of the 2017 State Budget. Under that Presidential Instruction, […]

President Joko ‘Jokowi’ Widodo, accompanied by First Lady Ibu Iriana Joko Widodo as well as several high-ranking officials such as Cabinet Secretary Pramono Anung and Head of Investment Coordinating Board Thomas Lembong, on Wednesday (5/7) morning, departed from Halim Perdanakusuma Air Force Base to start his series of visit to Turkey and Germany. Head of […]

President Joko “Jokowi” Widodo said that despite the fluctuation, the success of the Indonesian Composite Index (IHSG), which hits 5,900, proves that Indonesia has a good prospect to invest. This indicated that we gain the confidence that our economy is sound. The President also mentioned that a one-year money flow from January to December 2016 […]

President Joko ‘Jokowi’ Widodo on Tuesday (4/7) made an impromptu visit to the Indonesian Stock Exchange (IDX) in Jakarta. Upon arrival at the IDX at around 11.15 am, the President directly headed to Tower 1 and Tower 2 at the IDX Compound until 1 pm. On that occasion, President Jokowi was accompanied by Minister of […]