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Fri, 14 Aug 2015
Indonesian president treads fine line by empowering chief of staff
JAKARTA, Aug 13 (Reuters) - The biggest, and possibly riskiest, move in Indonesian President Joko Widodo's cabinet reshuffle this week was the appointment of Luhut Pandjaitan as coordinating minister for security and political affairs.
Fri, 14 Aug 2015
Widodo Vows Stronger Government to Tame Indonesia Corruption
Indonesian President Joko Widodo vowed to ramp up his faltering campaign against corruption, an impediment to boosting Southeast Asia’s largest economy. Widodo, 54, who on Wednesday revamped his cabinet, said he wants to strengthen government institutions to better tackle wealth inequality and...
Thu, 13 Aug 2015
Joko reaches for Indonesia reboot as currency pressure builds
Indonesian President Joko Widodo is rebooting. The president, known as Jokowi, revamped his economic team in a cabinet reshuffle on Wednesday as China's currency devaluation spurred further declines in the rupiah.
Thu, 13 Aug 2015
Indonesian parliament hails cabinet reshuffle
Welcoming President Joko Widodos move to reshuffle his working cabinet, the parliament said that it gave new hope amid the country's slowing economic growth. "It gives us new hope. The president must have evaluated the work of his ministers," House Speaker Setya Novanto said in response to the...
Thu, 13 Aug 2015
Searching for Indonesia’s Amartya Sen
The Indonesian government is making great strides to embrace more evidence-based policy making. Yet these policies, however forward-thinking, will have little uptake unless three key mechanisms are put in place.
Thu, 13 Aug 2015
Rupiah hits 17-year low
Indonesia's finance minister said he would coordinate with the central bank to "guard" bonds amid economic turmoil that saw the rupiah tumble yesterday to its lowest level since 1998. The rupiah slid 1.4 per cent, the most since Dec 15, to close at 13,788 a US dollar, prices from local banks show.
Thu, 13 Aug 2015
Indonesia Oil and Gas Industry Fast Declining
The country is on the verge of an Indonesia oil and gas crisis, according to industry players and observers. The Indonesian Petroleum Association (IPA) revealed that Indonesia oil and gas production has been continuously declining, which, coupled with the ever-increasing oil demand, could lead to...
Tue, 11 Aug 2015
Indonesia's emerging market has stopped emerging
Indonesia has come a long way since Oct. 20, when Joko Widodo was sworn in as president. Unfortunately, the distance the country has traveled has been in the wrong direction. Expectations were that Widodo, known as Jokowi, would accelerate the reforms of predecessor Susilo Bambang Yudhoyono - -...
Tue, 11 Aug 2015
Indonesian alcohol market faces price headache after tariff hike
JAKARTA: A steep increase in Indonesia’s import tariffs on wine and spirits could more than double prices that were sky-high already, denting demand and raising the risk of smuggling, drinks industry executives say.
Mon, 10 Aug 2015
Jokowi struggling to boost foreign investment
JAKARTA — Red cranes hover over the vast skeleton of a 660 megawatt coal-fired power plant under construction on the dusty coast of western Java, Indonesia. The US$1 billion (S$1.38 billion) facility, majority-owned by Malaysia’s Genting Group, is set to be finished ahead of schedule next year...
Mon, 10 Aug 2015
Japan, China in tug of war for Indonesia attention
A competition has been sparked between two Asian giants as Japan and China both attempt to court Indonesia in an effort to boost their influence in the region. Like a chess player, Japan appears to mirror any move made by China.
Mon, 10 Aug 2015
Scaring off investors
The Central Java administration should address seriously the defrauding of two South Korean investors intending to set up garment and shoe factories in the province, otherwise its campaign to woo labor-intensive industries away from Jakarta and West Java, where minimum wages have risen...
Fri, 07 Aug 2015
Indonesia needs institutional reforms to boost growth
Over the last five years, Indonesian gross domestic product (GDP) growth peaked at 6.5 percent in the first quarter of 2011 and has steadily fallen to 4.71 percent in the first quarter of 2015. Growth slid further in the second quarter to 4.
Fri, 07 Aug 2015
Indonesian economic growth continues decline as Q2 figures show drop to 2009 levels
The Indonesian economy has logged another quarter of growth below 5 per cent, underscoring the difficulty facing a new president who had pledged to boost economic activity and jobs in South-East Asia's largest economy.
Thu, 06 Aug 2015
Will Jokowi restrict imports even further?
Amid the impending Asean single market, Indonesia is moving in an opposite, protectionist direction Indonesia's recent economic policy pronouncements indicate that the country will become increasingly protectionist as President Joko "Jokowi" Widodo's government heads for its second year.
Thu, 06 Aug 2015
Indonesia's GDP growth slows
Indonesia's economic growth in the second quarter dropped to its slowest since 2009, with prices for commodity and energy exports remaining weak and President Joko Widodo unable to push badly needed infrastructure projects past bureaucratic snarls. Southeast Asia's largest economy expanded 4.
Mon, 03 Aug 2015
Australia-Indonesia partnership lacks genuine resilience
Officials in more than 20 federal agencies partnering with Indonesia have failed to bring the Australian public with them, says DFAT secretary Peter Varghese. Cooperation between the two countries, such as anti-terrorism and education, would better survive policy differences if ballasted by...
Mon, 03 Aug 2015
Legislator cautions government over sluggish economic condition
The Indonesian government should be wary of the current sluggish economic condition that could trigger massive layoffs by companies, according to a legislator. Several companies have suffered from serious financial problems due to the ongoing sluggish economic condition, Deputy Chairman of the...
Mon, 03 Aug 2015
Indonesia manufacturing activity contracts for 10th month in July: PMI
[JAKARTA] Indonesia's manufacturing activity shrank for a tenth consecutive month in July as new orders fell, a private survey showed on Monday, raising prospects for a central bank interest rate cut in coming months. The Nikkei/Markit purchasing manager's index (PMI) fell to 47.3 in July from 47.
Sun, 02 Aug 2015
Three factors driving IoT in Southeast Asia
Gartner estimates that the internet of things (IoT) – a network of devices (things) with embedded technology enabling the transfer of data via the internet – will become a key enabling technology for digital businesses. It forecasts 4.
Sun, 02 Aug 2015
Growing protectionism hurting Indonesia: researchers
A report by two leading Indonesian researchers argues that growing protectionism by Indonesia President Joko Widodo's government is damaging an economy already growing at its slowest pace for the past five years.
Sat, 01 Aug 2015
Iranian delegations to visit Indonesia
Three Iranian delegations in progressive science and technology, banking, and oil will visit Indonesia to boost bilateral cooperation in the post sanctions era. Expectations are for the sanctions imposed on Iran to be lifted by the end of current year, and European delegations, headed by top...