For Indonesia, the pandemic serves as a period of self-improvement by laying new foundations for stronger and sustainable growth, while continuing to reform its economic structure and improve business climate, according to President Joko “Jokowi” Widodo. “We have improved investment ecosystem and ease of licensing. We have provided legal certainty and special incentives for priority […]

The momentum of Indonesia’s G20 Presidency must be a catalyst for global economic recovery, President Joko “Jokowi” Widodo has said. Report from the Global Risk Report 2022 World Economic Forum (WEF) indicates that as many as 84.2 percent of respondents feel worried about the current world situation due to the pandemic and all of its […]

President Joko “Jokowi” Widodo pushed for better access to capital for Indonesia’s Micro, Small, and Medium-sized Enterprises (MSMEs) through breakthroughs and concrete actions. The President went on to say that though MSMEs are large in number, the ratio of bank credit to that sector is only 20 percent. Therefore, the ratio must be increased to […]

The prolonged COVID-19 pandemic has deeply affected certain sectors. At the same time, disruption on global supply chain has triggered an increase in global commodity prices which increasing the uncertainty of global inflation. Therefore, a more specific, detailed and effective treatment strategy is needed, so that it will not interfere the recovery efforts that the […]

Vice President Ma’ruf Amin Thursday (01/20) left for Pandeglang regency, Banten province, to inspect quake-hit area of Munjul district. The Vice President took off from the Jakarta National Monument Field to the Pesanggrahan Field Helipad of Munjul district at around 08:30 Western Indonesian Time (WIB) onboard the Super Puma Helicopter. Upon his arrival, the Vice […]

Indonesia and Cambodia have agreed to strengthen bilateral cooperation in the tourism sector through a Memorandum of Understanding on Tourism Cooperation. Thus on Tuesday (01/18), Minister of Tourism and Creative Economy/Head of the Tourism and Creative Economy Agency Sandiaga Salahuddin Uno and Cambodian Minister of Tourism Thong Khon signed the MoU in a virtual signing […]

Ministry of Public Works and Public Housing (PUPR) continues to exert efforts in overcoming the housing backlog especially for low-income people (MBR) under the One Million House Program. “The One Million House Program will continue because a house is one of the basic needs of our people that must be met,” Minister of PUPR Basuki […]

The House of Representatives, Tuesday (01/18) has passed bill on the new capital city (IKN) into law. The stipulation of the law will be a legal basis for Ministry of Finance in monitoring the relocation plan particularly in terms of state financial. The budget needed will be well calculated so the aim of the development […]

The Government Wednesday (01/19) has announced the implementation of one price cooking oil at Rp14,000 per liter nationwide. “The adjustment period for traditional markets is no later than one week from the effective date, ”Coordinating Minister for Economic Affairs Airlangga Hartarto said as quoted from the Ministry’s official website, Wednesday (01/19). In line with the […]

Indonesia’s trade balance for 2021 recorded a US$35.34 billion surplus, the highest in the last 15 years. Indonesia has also managed to maintain positive trends in its trade balance for 20 consecutive months by recording a surplus of US$1.02 billion in December 2021.