The Indonesian economy is estimated to have grown at a slower pace in the second quarter than projected earlier due to a shift in the government and public spending to the third quarter, Bank Indonesia (BI) said. Public consumption still … Continue reading →
Indonesia is hoping for additional inflows worth $10 billion from pension funds and other institutional investors over the next two years following Standard & Poor’s upgrade of its credit rating to investment grade, President Joko “Jokowi” Widodo told Reuters. The … Continue reading →
Despite continued traffic jams, overcrowded public transportation, ports and airports during this year’s Idul Fitri holiday, there are signs the government’s push for more infrastructure development has started making impacts on easing people’s lives and help propel growth, an industry … Continue reading →
The Central Statistics Agency (BPS) recorded June’s inflation rose 0.69 percent to 4.27 percent compared to the previous month. BPS chief Suhariyanto said on Monday that June’s inflation rate was affected by electricity tariff adjustments, airfare and city transportation fees, … Continue reading →
Coordinating Economic Affairs Minister Darmin Nasution said he expects the economy to grow between 5.1 and 5.3 percent from April-June amid strong global consumption rates that could spur increased Indonesian exports. “People in Europe and the United States are entering … Continue reading →