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 →
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 →
The Finance Ministry has predicted that Indonesias economic growth will stay at 5.0 percent this year due to several factors including spending cut. “One of the triggering factors is government consumption which falls to 3 percent due to spending cut,” … Continue reading →
The Indonesian government and House of Representatives have settled on an economic growth target of 5.1 percent for 2017, anticipating weak government spending to continue next year. The target was lower than the 5.2 percent target set for 2016 and … Continue reading →
Direct investment in Indonesian firms from foreign and domestic sources is expected to grow more slowly this year, the country’s investment board chief said on Tuesday (23/08), noting that Southeast Asia’s largest economy had lost out to Vietnam in the … Continue reading →