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Indonesia’s Policy Package Met With Skepticism
By Alexander Scherpf, Global Risk Insights Indonesian President Joko Widodo has rolled out the first of three policy packages aimed at deregulating the economy. The policies have been met with skepticism, however, as Widodo’s administration has thus far proven unable to deliver on promised changes. In a short address to the public, Indonesian president Joko Widodo … Continue reading
Indonesia’s Currency Tumbles For 10th Straight Week Following Fed, Worst In 15 Years
As the U.S. Federal Reserve kept interest rates on hold following the FOMC decision on Thursday, uncertainty on this decision had thus driven Indonesia’s currency into a 10th week of declines, which is its longest losing streak since 2000. U.S. Fed Chief Janet Yellen said that most policy makers want to hike interest rates this year, however … Continue reading
Indonesian President Widodo Vows “Massive Deregulation” To Boost Sentiment, Revive Investment
Indonesia’s President Joko “Jokowi” Widodo has vowed for a quick “massive deregulation” on Wednesday in order to boost sentiment and revive investment as growth in Southeast Asia’s largest economy expands at the weakest pace since 2009 amid a plunge in commodity prices. “We need to carry out massive deregulation and introduce new regulations that will really create a good climate … Continue reading
Indonesia: Jokowi’s Cabinet Shake-Up Offers Hope, But Little Growth Impact
By Qingzhen Chen Jokowi’s revamped cabinet features experienced technocrats appointed to boost the largest economy in Southeast Asia. Domestic business insiders welcomed the cabinet reshuffle, but remain cautious as they wait for better policy coherence and direction. Just ten months into his first term, President Joko “Jokowi” Widodo replaced six ministers in a 34-official cabinet on Wednesday. … Continue reading
Is Indonesia Stuck In A Middle-Income Trap?
By Hal Hill and Haryo Aswicahyono Indonesia became a middle-income country in 2004. Indonesia’s growth rates — while superior to those of most developing countries — remain below those of East Asia’s most dynamic economies. So why hasn’t the country grown faster still and why does growth appear slower in the democratic era than that of … Continue reading
As Spending Slows In Indonesia, President Jokowi Weighs Cabinet Reshuffle
By Qingzhen Chen Indonesia is predicted to grow at a much lower rate due to slow government spending. While expectations of a new cabinet has been widely anticipated in recent weeks, President Jokowi has yet to confirm such a change as he struggles to find loyal staff. Asian Development Bank (ADB) and the World Bank have … Continue reading
De-Dollarization: Indonesia’s Central Bank Bans Foreign Currencies In Domestic Transactions
Indonesia will ban the use of foreign currencies in its domestic transactions in a move which has drawn criticism, according to a report from The Wall Street Journal (WSJ). Indonesia will ban the use of foreign currencies in its domestic transactions, according to The Wall Street Journal (WSJ). According to the WSJ, Indonesia’s Central Bank has pushed through regulations that will prohibit using … Continue reading
World Bank Ready To Loan Indonesia $11 Billion, In A Sign That U.S. Pushing Back On Chinese-Led AIIB
The World Bank is ready to offer around $11 billion in funding to Indonesia, the lender said on Wednesday, in a sign that the Washington-based institution is pushing back on China’s ambitions to finance projects in Asia via the Asian Infrastructure Investment Bank (AIIB). World Bank President Jim Yong Kim offered Indonesian President Joko Widodo up to $11 … Continue reading
Indonesia Needs New Strategy To Secure Medium-Term Growth
By David Nellor The slowdown in Indonesian growth to 4.7 per cent for the first quarter of 2015 follows a steady quarterly slowdown since the 6.8 per cent peak just over four years ago. Is this slowdown simply a post-commodity boom cyclical downturn, or is it the beginning of an extended period of weakness? The … Continue reading
Indonesian President Widodo Vows To Keep Stock Momentum Alive
Indonesian President Joko “Jokowi” Widodo said on Tuesday that the positive trend of Jakarta Composite Index (JCI) in the Indonesia Stock Exchange (IDX) was evidence of good investor trust in Indonesia and vowed to maintain market momentum with infrastructure spending and implementing policies to boost growth, the Nikkei Asian Review reports. Visiting the Indonesia Stock Exchange (IDX) on Tuesday, … Continue reading
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