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Berita Hari Ini Joko Widodo

  • Economy & Politics Indonesia: Widodo Proposes 2018 State Budget

    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

    Jokowi Wants More Companies to List on the 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

    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

    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

    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

    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

    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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  • Remarkable: Indonesian Energy Minister Dismissed over US Citizenship

    Remarkable: Indonesian Energy Minister Dismissed over US Citizenship

    Indonesian Energy and Mineral Resource Minister Arcandra Tahar was dismissed (honorably) from his post by President Joko Widodo on Monday (15/08) after reports surfaced that indicated Tahar holds American citizenship. Indonesian law does not recognize dual citizenship (except for persons under the age of 18 years). Tahar had only just been appointed the country's Energy Minister in a cabinet reshuffle that took place on 27 July 2016 (Tahar replaced Sudirman Said). State Secretary Pratikno announced the Tahar's dismissal in the late hours on Monday.

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Artikel Terbaru Joko Widodo

  • Indonesian Stocks & Rupiah Strengthen on Politics and Fuel Price Hike

    Indonesian Stocks & Rupiah Strengthen on Politics and Fuel Price Hike

    Indonesian stocks and the rupiah have rebounded on Friday due to several internal and external factors. During the first trading session on Friday (17/10), the benchmark stock index of Indonesia (Jakarta Composite Index, or IHSG) surged 0.94 percent to 4,998.14 points. Meanwhile, based on the Bloomberg Dollar Index, the Indonesian rupiah exchange rate had appreciated 0.26 percent to IDR 12,228 per US dollar by 12:30 pm local Jakarta time. Why do Indonesian stocks and the rupiah perform well on Friday?

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  • Steel Industry in Indonesia: Challenges and Opportunities

    Steel Industry in Indonesia: Challenges and Opportunities

    Domestic steel sales in Indonesia are expected to rise 6 percent y/y to 15.1 million tons in 2014. Meanwhile, the global average steel price has been USD $536 per ton this year, implying that the market value of Indonesian steel sales is to reach USD $8 billion this year. In recent years, the country’s steel sales have been rising on development of infrastructure, defense industry, and manufacturing. The sales are expected to continue rising in the years ahead due to commitment of the government to boost infrastructure development.

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  • Moody’s Investors Service Positive about Indonesia’s Economy

    Moody’s Investors Service Positive about Indonesia’s Economy

    Global credit rating agency Moody’s Investors Service stated that it maintains a stable outlook for Indonesia’s sovereign and corporate debt rating in the next quarters due to the country’s healthy credit fundamentals, solid macroeconomy, and reduced political tensions. Moody’s believes that Indonesia’s fundamentals are strong enough to offset the negative impact of external pressures such as looming higher US interest rates and slowing economic growth in China. Moody’s had raised Indonesia’s sovereign debt rating to investment grade in late 2011.

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  • Finance Minister Chatib Basri on Indonesia’s Economic Fundamentals

    Finance Minister Chatib Basri on Indonesia’s Economic Fundamentals

    Indonesian Finance Minister Chatib Basri said that the lower pace of economic growth in China, the world’s second-largest economy, is a major concern for Indonesia as it leads to declining demand for commodities (and thus places downward pressure on commodity prices). As Indonesia is a major commodity exporter - such as coal, crude palm oil, nickel ore and tin - the country feels the impact of weak global demand for commodities. About 60 percent of Indonesia’s exports are commodities, mostly raw ones.

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  • Facebook CEO Mark Zuckerberg Visits Indonesia and Meets Jokowi

    Facebook CEO Mark Zuckerberg Visits Indonesia and Meets Jokowi

    Today, Indonesian president-elect Joko Widodo (commonly referred to as Jokowi) and Facebook CEO Mark Zuckerberg met in Jakarta to discuss how Facebook can be utilized for the benefit of the people and how the social media network can support Indonesian micro businesses. With nearly 70 million, Indonesia contains the world’s fourth-largest Facebook community. With a total population that numbers about 250 million people, a burgeoning middle class and relatively low Internet penetration, there remains a large untapped potential.

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  • Stock Market Update Indonesia: Down 1.01% on Global Concerns

    Indonesian stocks tumbled at the first trading day of the week as investors are still concerned about the condition of the global economy. Declining stock indices on Wall Street at the end of last week had a negative impact on Asian stock indices, including Indonesia’s benchmark stock index (known as the Jakarta Composite Index, or abbreviated IHSG). The IHSG fell 1.01 percent to 4,913.05, its lowest level since 4 July 2014, on Monday (13/10). Foreign investors recorded net selling of IDR 595 billion (USD $49.6 million).

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  • Rupiah Update Indonesia: Central Bank Ready to Intervene

    Rupiah Update Indonesia: Central Bank Ready to Intervene

    Bank Indonesia Governor Agus Martowardojo said that although the recent weakening trend of the Indonesian rupiah exchange rate is in line with the performance of other Asian currencies, the central bank is prepared to intervene in the market in an effort to support the currency and keep it in a comfortable range. On Monday (06/10), Bank Indonesia Executive Director Tirta Segara already stated that foreign exchange intervention was conducted in September 2014 in order to stabilize the rupiah exchange rate.

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  • Indonesian Stocks Rebound but Rupiah Continues to Depreciate

    Technically the benchmark stock index of Indonesia (Jakarta Composite Index, or IHSG) had to rebound after sharp declines during the last couple of trading days making Indonesian stocks relatively cheap. The IHSG was also supported by rising stock indices in Japan and Hong Kong that rose on strong US jobs data (although other Asian markets fell due to concerns about sooner-than-expected US interest rate hikes. Meanwhile, the rupiah continued to depreciate as the market is concerned about the political situation in Indonesia.

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  • Stock Market Update Indonesia: Down on Politics and Global Data

    Indonesian stocks plunged considerably on Thursday (02/10). The country’s benchmark stock index (Jakarta Composite Index, abbreviated IHSG) declined 2.73 percent to 5,000.81 points, the largest drop in almost six months. This poor performance was caused by both external and internal factors. Externally, various weak economic data from the USA and Europe as well as an appreciating yen impacted negatively on Asian stock indices. Internally, market participants responded negatively toward the inauguration of the new parliament.

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  • Battle Jokowi-Prabowo; Democratic Future of Indonesia in Jeopardy?

    Battle Jokowi-Prabowo; Democratic Future of Indonesia in Jeopardy?

    More and more concerns have arisen recently regarding the democratic future of Indonesia. In fact, some media have reported that an impeachment of president-elect Joko Widodo, who will assume office on 20 October 2014, could become a reality as opposition in parliament - led by controversial and vindictive former army general Prabowo Subianto - is large. The Merah-Putih coalition, referring to the coalition of political parties that supported Subianto in the presidential election (which he narrowly lost to Widodo) will control 353 of the 560 seats in parliament.

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