Jakarta – A tax discount for buyers of automobiles will not be effective in increasing economic growth. A comprehensive stimulus policy package is needed.
Economy & Investment
February 27, 2021
February 25, 2021
Herman, Jakarta – Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said that the Indonesian government was still in discussion with American electric ca
Shotaro Tani, Jakarta – In a bid to spur both domestic and foreign investment, Indonesia has designated 245 industries as "priority" and will offer incentives to attract capital to thos
February 22, 2021
Jakarta (Reuters) – Indonesia's government has issued a new regulation on investment following the passage of its job creation law last year, which includes the removal of some restrict
Antara, Jakarta – The State Secretariat hoped that the issuance of 49 derivative regulations of the Job Creation Law, or Law No.
February 19, 2021
Herman, Triyan Pangastuti, Jakarta – Bank Indonesia, or BI, the country's central bank, has cut its benchmark interest rate by 25 basis points to a record low of 3.5 percent and drop th
February 16, 2021
Triyan Pangastuti, Muhammad Ghafur Fadillah, Novy Lumanauw, Jakarta – The government has increased the Covid-19 and national economic recovery (PC-PEN) fund by 19 percent and provided t
February 6, 2021
Triyan Pangastuti, Arnoldus Kristianus, Nasori – Jakarta – The government is confident Indonesia's economy would return to an expansion mode in the first quarter this year, banking on t
February 5, 2021
Indonesia's gross domestic product (GDP) fell slightly more than expected in the fourth quarter, tipping Southeast Asia's largest economy into its first full-year contraction in more th
February 1, 2021
Herman, Arnoldus Kristianus, Jakarta – Inflation in Indonesia has slowed down to the lowest level in three months in January.
January 25, 2021
Triyan Pangastuti, Jakarta – Indonesia attracted $7.7 billion in foreign direct investment last year, only down slightly from the year-earlier as the largest economy in Southeast Asia m
January 24, 2021
Grace Sihombing and Haslinda Amin – Indonesia sees downside risks for economic growth in the first quarter as the government imposed more restrictions to curb a worsening coronavirus ou
January 20, 2021
Grace Sihombing – Indonesia is set to remove energy, communications and tourism from a list of sectors restricted to foreigners in a bid to boost investments and create jobs.
January 18, 2021
Jakarta – Deutsche Bank Indonesia projects that investors will be lured back to the country's domestic capital market, given the stronger rupiah and supportive interest rates.
January 16, 2021
Jakarta – The government is once again unfurling an electric car program. It needs a comprehensive and consistent policy to allow the old dream to not collapse.
January 5, 2021
Yoolim Lee – Indonesia's ride-hailing and payments giant Gojek is in advanced discussions about merging with local e-commerce pioneer PT Tokopedia, ahead of a planned initial public off
January 4, 2021
Adrian Wail Akhlas, Jakarta – Indonesia's economic growth is expected to rebound this year after it fell in 2020 into its first recession since the 1998 Asian financial crisis, but the
December 28, 2020
Jakarta – Competition in Indonesia's heavy equipment market, which has already been hit hard by depressed mineral prices and investment during the COVID-19 pandemic, will become much fi
December 27, 2020
Jakarta – Indonesia's economic situation is expected to improve soon, as the government is preparing a number of recovery plans, Coordinating Economic Minister Airlangga Hartanto has sa
December 22, 2020
Riska Rahman, Jakarta – The government has further downgraded this year's economic growth forecast amid the rise in COVID-19 cases ahead of the Christmas and New Year holidays, as well
December 19, 2020
Ester Nuky, Sanya Dinda, Jakarta – Indonesia's and South Korea's $9.1 billion electric car battery joint venture project has gotten a boost after the two countries signed a comprehensiv
December 15, 2020
Adrian Wail Akhlas, Jakarta – Indonesia's gross domestic product (GDP) is expected to shrink by 2 percent at worst or grow by 0.6 percent at best in the fourth quarter of this year, Coo
Dzulfiqar Fathur Rahman, Jakarta – Indonesia's abundant nickel reserves and the Job Creation Law may help the country attract investment from American electric automaker Tesla, an exper
November 27, 2020
Ridho Syukra, Jakarta – American food and giant Cargill has invested $100 million in its Indonesian subsidiary Sorini Agro Asia Corporindo to expand a sweetener factory in Pandaan, East
November 26, 2020
Adrian Wail Akhlas, Jakarta – President Joko "Jokowi" Widodo addressed on Wednesday 50 global business leaders in a virtual dialogue held by the World Economic Forum, in which he promot