Reducing inequality is crucial in the era of globalization as it can trigger negative impacts from globalization, President Joko “Jokowi” Widodo has said. “If we want to talk about inclusive development, we clearly have to talk about micro, small and medium enterprises (UMKM), which are the backbone of the economy,” the President said during the […]

Inclusive economic development using digital platforms has one of the priorities of the Indonesian Government’s priority since 2014 and the country is predicted to be the largest digital economy in Southeast Asia by 2020, according to President Joko “Jokowi” Widodo. The President made the statement during the APEC Business Advisory Council (ABAC) Dialogue with Leaders […]

President Joko “Jokowi” Widodo on Saturday (17/11) arrived in Port Moresby, Papua New Guinea, to attend the 26th APEC Leaders’ Meeting. The President’s first agenda was a bilateral talk with Solomon Islands Prime Minister Rick Nelson Houenipwela, followed by several other events at APEC Haus, including a joint photo session, the APEC Business Advisory Council […]

On the sidelines of the APEC Summit in Port Moresby, Papua New Guinea, (Saturday (17/11), President Joko “Jokowi” Widodo held the first ever bilateral meeting with Solomon Islands Prime Minister Rick Houenipwela and called for closer relations between the two countries. The President also pushed for cooperation in several sectors, including measures to boost Indonesia’s […]

During the bilateral talk with Chinese Prime Minister Xi Jinping, President Joko “Jokowi” Widodo expressed hope that Indonesia and China can work together to overcome trade deficit between the two countries through various means, including providing ease for Indonesia’s tropical fruit exports to China and for China’s swallow nests import from Indonesia. Indonesia’s primary tropical […]

The Government on Friday (16/11) launched the 16th Economic Policy Package that includes a policy to open designated bank account for export earnings (DHE). Bank Indonesia and the Financial Services Authority (OJK) will issue a designated bank accounts to put the DHE in and ease the supervision of DHE, Coordinating Minister for the Economy Darmin […]

Governor of Bank Indonesia Perry Warjiyo said that the announcement of the 16th Economic Policy Package (PKE) is a manifestation of concrete cooperative measures taken by the Government, the Financial Services Authority (OJK) and related institutions in order to improve economic security, to maintain macroeconomic stability as well as financial system, and also to encourage […]

Coordinating Minister for the Economy Darmin Nasution asserted that the 16th Economic Policy Package comprises three main points: an expansion of the tax holiday program, relaxation of the negative investment list (DNI), and the provision of foreign exchange of export earnings from natural resources. “In fact, there were two categories that have never defined as […]

Minister of Industry Airlangga Hartarto asserted that tax holiday in the 16th economic package expands two more sectors: the processing industry based on agriculture, plantations, or forestry and the digital economy. “Meanwhile, there are also categories that are merged into certain sectors in Finance Ministerial Regulation (PMK) Number 35 of 2018, namely computer and smartphone […]

The time capsule that stores seven dreams of Indonesian children to support the “Let’s Work National Movement” initiated by President Joko “Jokowi” Widodo three years ago at Zero Kilometer in Sabang, Aceh Province has now been erected as a  Time Capsule Monument in Merauke, Papua province. “This is a call to all elements of the […]