The Government has renewed commitment to continue the policy on developing downstream industry by, among others, halting raw material export. “Our policy on developing downstream industry will be continued. We have stopped [exporting raw materials] nickel. If we are brought to WTO (World Trade Organization) by the EU, there is no problem. This is our […]

The Government eyes to lower extreme poverty rate to 0 percent by 2024, according to Coordinating Minister for Economic Affairs Airlangga Hartarto. “In the limited meeting, President Jokowi said that the target of extreme poverty rate by 2024 is 0 percent whereas poverty rate must be decreased to 8.5-9 percent by 2022,” Airlangga said after […]

The key to economic growth in 2022 amidst global uncertainty and complexity lies in the COVID-19 pandemic controls, President Joko “Jokowi” Widodo has said. “The key to the economic issues in 2022 is on how we control the COVID-19. If we can’t control it, the economy will go down and fall again,” The President said […]

Indonesia’s trade balance has once again recorded a surplus in October, reaching US$5.73 billion. The surplus was supported by non-oil and gas balance surplus of US$6.61 billion and oil and gas balance deficit of US$0.87 billion. Cumulatively, the trade balance surplus in the January-October period stood at US$30.81 billion and this figure is much larger […]

The Government will optimize the trust that it has gained to hold the G20 Presidency and will use it contribute to global prosperity that is more evenly distributed, just, and inclusive so the world is stronger in facing the crisis and climate change.  The statement was made by President Joko “Jokowi” Widodo when delivering his […]

President Joko “Jokowi” Widodo expressed appreciation to Indonesia’s second-largest Muslim organization Muhammadiyah for the contribution it has given to COVID-19 pandemic management measures in the country. “The Government appreciates the contribution and consistency of Muhammadiyah in pandemic management,” the President said in his opening remarks at Muhammadiyah’s 109th anniversary event held online, Thursday (18/11), from […]

The Government has announced it has started to disburse incentives for non-civil servant Islamic education teachers amounting to Rp66 billion for 44,000 recipients in all over Indonesia. The incentive is additional salary for those who teach at uncertified schools and those who do not receive salary bonuses for teacher profession. The statement was made by […]

Economic recovery in the fourth quarter of 2021 (Q4) is projected to see a fairly strong rebound, according to Minister of Finance Sri Mulyani. “Economic recovery in the fourth quarter is estimated to increase quite significantly, especially as it is supported by several indicators, such as increasing Consumer Confidence Index, increasing Retail Sales Index, increasing […]

The Government has announced that it will allocate a budget of Rp2,714.2 trillion for government spending in 2022. A total of Rp1,944.5 trillion will be allocated for the Central Government and Rp769.6 trillion will be allocated for regional governments. The statement was made by Minister of Finance Sri Mulyani Indrawati during a press conference after […]

President Joko “Jokowi” Widodo has ordered his Cabinet to continue measures to curb COVID-19 transmission. The President made the statement during the Plenary Cabinet Session at the Presidential Office, Wednesday (17/11). “Let me underscore several matters for us to pay attention to. In the health sector, we must be focused on lowering the number of […]