The Government has announced plan to implement reforms in the country’s financial services institutions, including banks, insurance, and pension funds. “This is important and it is time for us to reform. We have reformed our banking industry from 2000 to 2005 with the result that the country’s financial system is stable and under control due […]

President Joko “Jokowi” Widodo on Thursday (16/1) has visited Ministry of National Development Planning/the National Development Planning Agency (Bappenas) in Central Jakarta. On the occasion, President Jokowi observed the implementation of the Integrated Digital Work (IDW) as well as various supporting facilities that could be used to increase productivity and performance of the Ministry’s civil […]

President Joko “Jokowi” Widodo said that the Government focuses to build trust from both local and foreign investors. “This is what we are working on; thus political, economic and security stability are mandatory,” President Jokowi said at the 2020 Financial Service Annual Meeting in Jakarta, Thursday (16/1).

President Joko “Jokowi” Widodo on Wednesday (15/1) in his introductory remarks at a limited meeting on omnibus bills on job creation and taxation ordered his Cabinet to complete omnibus bills this week. The President has also set a target that omnibus bills must be completed before 100 working days since the cabinet was formed. “We […]

President Joko “Jokowi” Widodo delivered seven directives during his introduction at a limited meeting on capital city relocation, at the Presidential Office, Jakarta, Wednesday (15/1). “First, I order issues related to supporting legislation and regulations to be addressed. Minister of National Development Planning /Head of the National Development Planning Agency told me that it is […]

Minister of State-Owned Enterprises Erick Thohir has said that Ministry of State-Owned Enterprises continues to work with Ministry of Finance to take measures to establish Jiwasraya Putra in accordance with the President’s direction. “I have reiterated that the establishment of holding (company) will provide a cash flow of Rp1.5-2 trillion. The next measure is the […]

The purpose of the Omnibus Law is to drive and transform the economy so that new jobs can be created, Coordinating Minister for the Economy Airlangga Hartarto has said. “Our workforce increases by 2 million each year with an average growth of 5 percent,” Airlangga said after a Limited Cabinet Meeting at the Presidential Office, […]

In a bid to improve national economic development, President Joko “Jokowi” Widodo has instructed Ministry of State-Owned Enterprises (BUMN) to cooperate with privately owned entities, especially the Indonesian Young Entrepreneurs Association (Hipmi). “I fully trust Minister of SOEs Erick Thohir to create synergies with private sector, considering that there are a number of projects should […]

The stage of pre-master planning of Indonesia’s new capital has completed and now it is entering master plan stage, Head of National Development Planning Agency Suharso Monoarfa has said. “Now the Government proceeds to master plan stage which will involve world-class consultants. Many parties have shown their interest to join the bidding,” Suharso said after […]

In a bid to ensure optimum implementation of service policies in the context of the placement and protection of Indonesian migrant workers and to implement the provisions of Article 48 of Law Number 18 of 2017 on the Protection of Indonesian Migrant Workers, the Government deems it necessary to issue a Presidential Regulation (Perpres) on […]