Investment inflows and credit disbursements are expected to rise. However, fiscal risks are increasing due to the substantial budgetary needs for the new government's costly programs and Jokowi's monumental projects.
The latest survey from Indikator Politik Indonesia reveals public satisfaction with the recent general election, including the presidential election, is remarkably high. Meanwhile, a list of proposers for inquiry rights is circulating on social media.
Indonesian government taps Gudang Garam Group to run Kediri-Tulungagung toll road, increasing local-conglomerate presence in toll business.
Seven out of twelve refinery projects are not progressing.
Batam stands out for its rapid economic recovery in the post-pandemic era, reaching an impressive 7.04 percent last year – the highest in 10 years.
Based on the information we received, rumors about candidates for finance minister were deliberately leaked to test the waters on these names to the public and the market.
Kredivo Group has just launched a digital bank named Krom, revving up by offering high deposit interest rates and waiving specific service fees.
Pertamina records a 112 percent increase in overseas oil field Production, eyeing mergers and acquisitions in Africa, the Middle East, and Southeast Asia as it targets higher oil and gas output in the coming years.
The vote recapitulation plenary was momentarily postponed as General Election Commission leaders underwent ethics examination; the PDI-P Secretary-General finally commented on the continuation of the inquiry plan.
The EU Deforestation-Free Regulation (EUDR), alongside discriminatory trade policies involving anti-dumping tariffs and additional import duties, was a key factor pressuring exports.