The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) on 5 July 2020 officially came into force. “The CEPA was signed on 4 March 2019 and ratified through Law Number 1 of 2020 on 28 February 2020,” Indonesian Minister of Foreign Affairs Retno Marsudi said Thursday (9/7). The IA-CEPA, according to the Minister, covers not only trade […]
President Joko “Jokowi” Widodo has ordered his Cabinet Ministers to accelerate Government spending to boost economic growth. “I am monitoring Ministries’ spending on a daily basis because the third quarter is important. Once it can generate economic growth, the fourth quarter will be easier and next year, God willing, will be easier,” the President said […]
President Joko “Jokowi” Widodo on Wednesday (8/7) asked young officer candidates of the Indonesian National Defense Forces (TNI) and the Indonesian National Police (Polri) to be eager to learn, be more adaptive, and be innovative. “You are the future leaders who will face tougher global competition. I am sure that you are very ready to […]
The Government has announced that it will provide additional new working capital loans to revive the country’s economy through the National Economic Recovery Program (PEN), according to Minister of Finance Sri Mulyani Indrawati. The Minister made the statement during the launching of working capital loan guarantees for Micro, Small, and Medium Enterprises (MSMEs) in the […]
The world is experiencing a crisis, particularly health and economic crises, President Joko “Jokowi” Widodo said. For this reason, the President Jokowi said he had ordered his Cabinet Ministers to have a sense of crisis and work even harder. “Amid these conditions, we must work harder and faster. For example, I want a ministerial regulation […]
The Government has taken extraordinary measures to overcome economic problems amid COVID-19 pandemic, speaker of the People’s Consultative Assembly (MPR) Bambang Soesatyo has said. “(The Government) has had an agreement with (central bank) Bank Indonesia to provide zero interest rate for health care and social sector and 3.3 percent interest rate for MSMEs. I think […]
President Joko “Jokowi” Widodo reminded young officer candidates of the Indonesian National Defense Forces (TNI) and Indonesian National Police (Polri) to always uphold the state ideology Pancasila, the Unitary State of the Republic of Indonesia, and the country’s motto Bhinneka Tunggal Ika (Unity in Diversity). “Be consistent at realizing goals of the country, have strong […]
The Government has announced President Joko “Jokowi” Widodo will attend the People’s Consultative Assembly (MPR) Annual Session on 14 August this year. “The MPR normally holds the annual session every 16 August; however, since this year the usual date falls on Sunday, we move it forward to 14 August,” MPR Speaker Bambang Soesatyo said Wednesday […]
The Government through Ministry of Public Works and Public Housing has built 393 kilometers out of 2,878 kilometers Trans Sumatra Toll Road which is scheduled for completion in 2024. “The road from Bakauheni to Banda Aceh is the backbone, while the wings are roads from Bengkulu, Palembang, Padang, Sibolga, and Medan,” Minister of Public Works […]
The Government has renewed commitment to encourage low-carbon development including guidelines and plans on carbon trading and carbon offsets. “If one cleared the land for a project then he had to plant it again, it is called offset. Some are in the forms of carbon contracts,” Minister of the Environment and Forestry Siti Nurbaya said […]
