Lawmakers approved on Wednesday the economic growth target for 2017 with little objection, a signal that lawmakers now see eye-to-eye with the government on next year’s challenging economic situation. The decision was made at the House of Representatives’ Budget Committee … Continue reading →
Waskita Karya Toll Road, a subsidiary of state-controlled construction company Waskita Karya, has given Rp 47.2 billion ($3.6 million) to Ngawi Kertosono Jaya, the company’s joint venture with state toll road operator Jasa Marga, to help finance a section of the … Continue reading →
News that Singapore will report tax amnesty participants as criminals is false, Finance Minister Sri Mulyani said. The clarification came after taxpayers voiced concern that Singapore will report them as criminals if they take part in the tax amnesty program … Continue reading →
Minister of Public Works and Public Housing Hadimulyono Basuki said the government is targeting to complete the construction of 769 kilometers (km) of new roads, including the 158 km causeway along the south coast of Java. “Anyway, the pansela (the … Continue reading →
Indonesias Coordinating Minister for Economic Affairs, Darmin Nasution, said there is no need to be overly pessimistic about economic growth, set to grow at 5.1 percent in 2017. “The estimation of a growth rate of 5.1, 5.2 or 5.3 percent … Continue reading →