• Indonesia Stock Market: Up on Dovish Fed & Realistic 2017 Budget

    Amid mixed Asian stock markets, Indonesia's benchmark Jakarta Composite Index (IHSG) surged a whopping 1.67 percent on Thursday (18/08), one day after Indonesian markets were closed for Independence Day celebrations. Investors' risk appetite improved markedly after the Federal Reserves' July minutes signaled that it will still take a while before the US central bank is ready to implement another interest rate hike. Meanwhile, the Indonesian government proposed a realistic 2017 State Budget to the nation's House of Representatives.

    Lanjut baca ›

  • Toll Road Development Indonesia: 11 Investors Compete in Tenders

    The Indonesia Toll Road Authority (in Indonesian: Badan Pengatur Jalan Tol, or BPJT), which is a department within Indonesia's Ministry of Public Works and Housing, says there are 11 investors that compete for four toll road projects. Combined, these four projects are estimated to have a total value of IDR 41.5 trillion (approx. USD $3 billion). The 11 investors - all having passed the prequalification process - are requested to send their proposals for the tender process. Before the end of 2016, the Indonesian government is expected to announce the winners of the tenders.

    Lanjut baca ›

  • Fiscal Credibility: Indonesia's Tax Target Realistic in 2017 Budget Draft

    Indonesia has finally become more realistic in terms of setting its tax revenue target. In the 2017 State Budget draft proposal that was sent for approval by the central government to Indonesia's House of Representatives (DPR) earlier this week, it set the 2017 tax revenue target at IDR 1,271.7 trillion (approx. USD $97.1 billion), down 3.6 percent from the target of IDR 1,318.9 trillion worth of tax revenue in the 2016 budget. A more realistic tax revenue target will enhance Indonesia's fiscal credibility.

    Lanjut baca ›

  • Indonesia's 2017 State Budget Proposal Considered Realistic

    Earlier this week Indonesian President Joko Widodo sent the proposal for the 2017 State Budget to Indonesia's House of Representatives (DPR). The proposed budget is regarded far more realistic compared to previous budgets drafted by the Indonesian government and therefore speculation immediately suggested that former World Bank managing director Sri Mulyani Indrawati, who became Indonesia's new finance minister in the latest cabinet reshuffle, had big input in this more pragmatic 2017 budget.

    Lanjut baca ›