The government plans to carry out various infrastructure projects on Sumatra Island next year by allocating Rp 20.32 trillion (US$1.50 billion) in the 2018 state budget bill that need approval by the House of Representatives. Public Works and Housing Minister … Continue reading →
The World Bank dropped its growth outlook for Indonesia’s GDP this year while maintaining its predictions for next year due to an unexpectedly dormant private consumption rate that accounts for over half of Indonesia’s GDP, according to the bank’s latest … Continue reading →
Transportation Minister Budi Karya Sumadi has called on private companies to participate in some infrastructure projects that will be kicked off next year. “I want projects, such as the Maros-Pare-pare railway, Bandung LRT, and Surabaya LRT projects, to be developed by private … Continue reading →
The government has set an economic growth target at 5.4 percent in the 2018 Draft State Budget (RAPBN) to be achieved through the support of public consumption, increased investment, and improved export/import performance. President Joko Widodo (Jokowi) made the remarks … Continue reading →
Investment in human capital and fairer wealth distribution through state budget is prerequisite to Indonesia’s development, Finance Minister Sri Mulyani Indrawati said on Tuesday (25/07). “Investing in human capital cannot wait … It’s not about how much money, but how it is spent,” … Continue reading →