Bank Indonesia has recorded Indonesia’s foreign exchange reserves as of the end of October this year is at US$126.7 billion, increased compared to that in September 2019 which was at US$124.3 billion. “The position of the foreign exchange reserves is equivalent to the financing of 7.4 months of imports or 7.1 months of imports and […]

Infrastructure development must be able create jobs and use local contents, President Joko “Jokowi” Widodo has said. “Infrastructure development should not use too many imported goods and abandon national small and medium enterprises (SMEs),” President Jokowi said at the Opening of 2019 Indonesia Construction in Jakarta, Wednesday (6/11).

President Joko “Jokowi” Widodo on 18 October, 2019 signed the Presidential Regulation (Perpres) Number 66 of 2019 on the Organizational Structure of the Indonesian National Defense Forces (TNI). The Regulation replaces Presidential Regulation Number 10 of 2010 on the Organizational Structure of the Indonesian National Defense Forces (TNI) as amended several times, the latest by […]

President Joko “Jokowi” Widodo has expressed hope that members of the Corruption Eradication Commission (KPK) Supervisory Council are those with integrity. “I will announce members of the KPK Supervisory Council to the public in December,” the President said on Wednesday (11/6). In an unprecedented move, the KPK Supervisory Council will be elected and appointed by […]

Infrastructure development should create more jobs and use local content, President Joko “Jokowi” Widodo has said. “Let me remind you that infrastructure development should not use import products since it will not benefit our small and medium-sized enterprises (SME),” President Jokowi said at the Opening of Construction Indonesia 2019, at the Indoor Hall B, JI-Expo […]

Amidst the global economic slowdown, President Joko “Jokowi” Widodo has urged banks in Indonesia to continue channeling credits to micro and small businesses (MSEs). “We must give priority to MSEs to reduce economic gap and to boost economic growth,” President Jokowi said at the Opening of the 2019 Indonesia Banking Expo in Jakarta, Wednesday (6/11).

The new Indonesian capital should be “the most livable city on earth”, President Joko “Jokowi” Widodo has said. “I can imagine there will be technology and innovation clusters like what Silicon Valley (in the US) has, world-class education clusters for  best universities, world-class health services clusters and tourism clusters. This is what we have in […]

Amidst the current account deficit faced by Indonesia, President Joko “Jokowi” Widodo criticized the National Public Procurement Agency (LKPP) for importing goods from other countries, especially by using the state budget. “Why do we still import goods? The import uses the state budget too. This is just too much and it needs to stop,” President […]

The Golkar Party is the backbone of the Government, President Joko “Jokowi” Widodo has said. “(If) Golkar Party experiences a slight shock, it will affect the Government,” the President said during the 55th Anniversary of the Golkar Party at the Sultan Hotel, Jakarta, Wednesday (6/11). President Jokowi added that solidity of the Government must be […]

Amidst the global economic slowdown, Indonesia has managed to keep economic growth slightly above 5%, President Joko “Jokowi” Widodo has said. “It is not a lot, slightly above 5%, (but) it is good compared to (economic growth) in other countries. Some (countries) post negative (growth). Some are heading to zero (growth). Some report growths of […]