Coordinating Minister for the Economy Darmin Nasution explained that previously, the Smallholder Business Credit (KUR) has determined its sector. Therefore, the bank does not dare to provide the fund because there are so many questions that they must answer. Thus, Darmin added, at the Fourth Policy Package, the Government makes a change that is the […]

Cabinet Secretary Pramono Anung affirmed that the Government has taken a number of measures to overcome land and forest fires which cause smog disaster in some Indonesian areas. In a joint meeting at the House of Representatives of the Republic of Indonesia (DPR RI), on Tuesday (13/10), Cabinet Secretary Pramono Anung who attended the meeting […]

Amidst economic slowdown in Indonesia and several countries, the estimated number of motorcycle produced by the Indonesian Motorcycle Industry Association’s (AISI) reaches 6.3 million units or lower by 7-9 million units as compared to the production  in 2014. AISI Chairperson Gunadi Sindhuwinata explained that motorcycle market was currently slowing  down by 21% as compared to […]

With consideration to strengthen the capital structure and increase the capacity of the Company (Persero) PT Perusahaan Pengelola Aset, President Joko Widodo on 21 September 2015 has been signed Government Regulation No. 72 Year 2015 regarding the Increase Investment of the Republic of Indonesia in Shares Owned Company (Persero ) PT Perusahaan Pengelola Aset (PPA). […]

To support the achievement of the target of foreign tourist arrivals as many as 10 million people in the year 2015, and 12 million people in 2016, the Ministry of Transport (MoT) has allocated a budget of Rp 4.1 trillion, each Rp 2.3 trillion in 2015 and Rp 1.8 trillion in 2016 for the development […]

Consultation meeting between President Joko Widodo and the Speakers of DPR which took place at the Merdeka Palace, Jakarta, on Tuesday (13/10) afternoon, lead to a conclussion to solve urgent economic issues and to postpone the discussion on the revision of Corruption Eradication Commission (KPK) law. Coordinating Minister for Political, Legal and Security Affairs Luhut […]

Beside giving full authority to the Directorate General of Customs and Excise of the Ministry of Finance, to enforce the law in solving the problem of illegal import, a limited meeting led by President Joko Widodo at the Presidential Office, Jakarta, also agreed to strengthen Information Technology (IT) system in monitoring the flow of goods […]

Following the announcement of the first, second, and third Economic Policy Packages, the Government on Thursday (15/10) announced the fourth Economic Policy Package, which consists of three policy packages, including the one related to the wage system, the follow up of the Smallholder Business Credit (KUR) program, and credit for Medium and Small Enterprises for […]

After visiting the locations of forest and peat land fires in Kampar, Riau and South Sumatera that brought about the current haze crisis, President Joko ‘Jokowi’ Widodo said that South Sumatera has the most hot spots. Therefore, he said that all steps to extinguish the fires must be concentrated in the province.

Coordinating Minister for the Economy Darmin Nasution admitted there is 0.05 percent deflation in September 2015 as announced by the Central Statistics Agency (BPS) on Thursday (1/10). However, Darmin asked all not to hasty indicated that the deflation is caused by the improvement in economy. “Actually, it must be measured the reason behind the deflation, […]