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Berita Hari Ini Joko Widodo

  • CEOs Turn Pessimistic about Indonesia's National Politics

    Business and politics are highly related to each other and therefore it is worthwhile to take a look at chief executive officers' (CEOs) confidence in Indonesia's national politics as well as their expectations for Indonesia's future political conditions. Local media company Kontan recently issued its latest Kontan CEO Confidence Index (KCCI).

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  • Economy & Politics Indonesia: Widodo Proposes 2018 State Budget

    Traditionally, the Indonesian President reveals the government's proposal for next year's state budget one day ahead of the Independence Day celebrations. This time, President Joko Widodo announced a rather ambitious target in terms of economic growth. The central government proposes the GDP growth target figure for 2018 at 5.4 percent year-on-year (y/y). The budget proposal requires approval from the House of Representatives (DPR).

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  • Jokowi Wants More Companies to List on Indonesia Stock Exchange

    After having encouraged capital inflows into Indonesia through the tax amnesty program, Indonesian President Joko Widodo now also urges those multinational companies that operate in Indonesia but are listed abroad to go-public on the Indonesia Stock Exchange. He particularly targets those companies that generate more than 50 percent of their revenue from Indonesia, or, have more than 50 percent of their total assets in Indonesia.

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  • Widodo: Safeguard the Strength of Indonesia's Household Consumption

    Indonesian President Joko Widodo urged his cabinet members to guard - or even better: to improve - household consumption in Indonesia as this would have an immediate impact on Indonesia's overall macroeconomic growth. Over the past five years, the nation's household consumption accounted for about 56 percent of Indonesia's gross domestic product (GDP).

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  • Holding Company for Indonesia's State-Owned Miners Ready in Q1-2017

    The government of Indonesia is nearing completion of the forming of holding companies for state-owned enterprises that are active in the oil & gas and mining sectors. It now only requires signing by Indonesian President Joko Widodo. Last year Widodo approved plans to create five state holding companies in energy, mining, construction, housing, and financial services. Fully state-owned aluminium producer Inalum and energy company Pertamina will be the holding companies for activities in the mining and oil & gas sectors, respectively.

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  • Bilateral Trade Relations Indonesia: Widodo Visits India & Iran

    During his state visit to India, Indonesian President Joko Widodo signed three memoranda of understanding. Widodo is on a three-day visit to India (12-13 December) and Iran (14 December) to meet political and corporate leaders and to enhance business and trade relations with the two countries. Indonesia's seventh president is accompanied by Darmin Nasution (Coordinating Minister for Economic Affairs), Pratikno (State Secretary), and Thomas Lembong (Chairman of the Investment Coordinating Board, or BKPM).

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  • Indonesia Investments' Newsletter of 23 October 2016 Released

    On 23 October 2016, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve economy and political-related topics such as Bank Indonesia's interest rates, analysis of two-years under Joko Widodo, the tax amnesty program, the trans-pacific partnership, current account balance, and more.

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  • Tax Amnesty Program Indonesia is a Success Except for Repatriations

    Contrary to our earlier predictions, Indonesia's tax amnesty program has been on a roll in September 2016. The program is designed to boost the government's tax revenue by offering tax evaders attractive rates to come clean and declare their previously undeclared assets (whether stashed at home or abroad in the so-called tax havens). Those who join the program can also repatriate offshore assets into Indonesia, into specifically prepared investment instruments where the funds need to stay for at least three years.

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  • Indonesia, China & World Economy: G20 Hangzhou Summit 2016

    The eleventh meeting of the Group of 20 strongest economies (G20) started today in Hangzhou (China). It is the first time a G20 summit is hosted by the world's second-largest economy, a market that has been plagued by an economic slowdown over the past six years. The summit was opened by China's President Xi Jinping who urged leaders to avoid "empty talks" and instead to focus on boosting trade and the world economy which is currently at a critical juncture reflected by high market volatility. Critics, however, point out that China is known for implementing trade barriers.

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Artikel Terbaru Joko Widodo

  • Indonesian Rupiah Exchange Rate and Stocks Gain Ground on Friday

    The week ended well for both the Indonesian rupiah exchange rate and the benchmark Jakarta Composite Index (IHSG). Based on the Bloomberg Dollar Index, the rupiah appreciated 0.30 percent to IDR 11,413 per US dollar at the end of Friday's trading day (16/05). Meanwhile, the IHSG surged 0.80 percent to finish just above the psychological level of 5,000 points. The good performance was supported by investors' positive response towards the latest political developments in Indonesia.

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  • Indonesian Politics: the Presidential Candidates' Running Mates

    Joko Widodo, the presidential candidate of the PDI-P (Indonesia's current largest opposition party and which won the 2014 legislative election last April) may announce his running mate (the vice presidential candidate) on Wednesday (14/05). Newsportal Bisnis.com reported that Widodo, popularly known as Jokowi, hinted at this during a brief conversation between Jokowi and journalists on Monday. Names that are frequently mentioned in connection to the position of running mate of Jokowi are Jusuf Kalla and Abraham Samad.

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  • Stocks Rebound but Indonesian Rupiah Exchange Rate Extends Depreciation

    The Indonesian rupiah exchange rate extends its depreciation on Friday (11/04) after market participants showed their concern about Indonesia's legislative election result on Wednesday (09/04). As the election did not result in a clear victory for the PDI-P (the main opposition party which intends to nominate popular Jakarta Governor Joko 'Jokowi' Widodo as presidential candidate), the fragmented outcome is expected to lead to continued political uncertainty ahead of Indonesia's presidential election on 9 July 2014.

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  • Bank Indonesia Projects Indonesia's GDP Growth at 5.77% in Q1-2014

    The central bank of Indonesia (Bank Indonesia) expects Indonesia's economic growth to slow to 5.77 percent (year-on-year) in the first quarter of 2014. However, despite this further slowing trend, the institution is content with recent macroeconomic developments: external demand is growing, while domestic demand is moderating, thus impacting positively on the country's current account deficit as well as inflation. Household consumption is expected to have grown in Q1-2014 due to the holding of legislative elections on 9 April 2014.

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  • Indonesian Rupiah Exchange Rate Up Ahead of Parliamentary Election

    Most emerging market currencies, including the Indonesian rupiah exchange rate, appreciated against the US dollar on Tuesday (08/04) due to carry trade (meaning the selling of low-yield currencies for higher-yielding assets) and expected stimulus from China's government to boost its economy (Chinese shares in fact gained 2.2 percent on this stimulus speculation). The rupiah appreciated 0.14 percent to IDR 11,289 per US dollar based on the Bloomberg Dollar Index, partly due to variety of domestic factors.

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  • Parliamentary Election in Indonesia; Overview of Popular Political Parties

    On Wednesday 9 April 2014, the Indonesian electorate (consisting of about 190 million people out of a total population of around 250 million) will vote for both the country's national and regional legislatures. This legislative election also bears a big influence on the presidential election that is scheduled for 9 July 2014 as a minimum of 25 percent of the popular vote in the legislative election (or 20 percent of seats in the House of Representatives, DPR) gives a party the authority to nominate a presidential candidate.

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  • Jakarta's Giant Sea Wall & National Capital Integrated Coastal Development

    The Indonesian government is still studying the feasibility study for the National Capital Integrated Coastal Development (NCICD) masterplan. The NCICD masterplan, a joint project between the governments of Indonesia and the Netherlands, aims to protect the capital city of Jakarta against floods caused by high tides and faciliates sustainable development of Jakarta. The masterplan is developed by a consortium headed by Witteveen+Bos (main contractor) and Grontmij, with subconsultants KuiperCompagnons, Deltares, Ecorys and Triple-A.

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  • Indonesia's Stock Index down on Profit Taking as Jokowi Effect has Worn off

    Jakarta Composite Index down on Profit Taking as Jokowi Effect has Worn off

    Previously we were hoping that if global stock indices would turn positive, it could limit the fall of Indonesia's benchmark stock index (Jakarta Composite Index or IHSG) as the 'Jokowi effect' has definately worn off. On Tuesday (18/03), investors continued to engage in profit taking causing the IHSG to plunge 1.45 percent to 4,805.61 points. While most Asian indices were up, influenced by rising indices on Wall Street and in Europe on the previous trading day (17/03), the IHSG deviated sharply from the Asian trend today.

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  • Jakarta Composite Index down due to Profit Taking as Jokowi Effect Weakens

    There were two options with regard to today's trading day (Monday 17 March 2014). First, the Jakarta Composite Index (Indonesia's benchmark stock index also known as IHSG) could rise further after its impressive 3.23 percent jump last Friday (14/03), and secondly, the bullish market could become vulnerable to profit taking as the 'Jokowi effect' tones down and no other factors could trigger positive market sentiments. It turned out to be the second option. Not even sharp rupiah appreciation could push the index in the green zone.

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  • Despite Crimea and Fed Concerns, Indonesian Rupiah up on Jokowi Effect

    The Indonesian rupiah exchange rate continued its impressive rebound in 2014, supported by Indonesia's improving economic fundamentals as well as increased political certainty due to the nomination of Joko Widodo (Jokowi) as the main opposition party's (PDI-P) presidential candidate. As such, the 'Jokowi effect' managed to offset negative market sentiments brought on by the (disputed) referendum in Crimea that showed that 97 percent of voters support a split from Ukraine. This intensified political tensions between the West and Russia.

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