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Berita Hari Ini Joko Widodo

  • PDI-P, Golkar and Gerindra are the Most Popular Political Parties in Indonesia

    The latest survey of research institute Charta Politika Indonesia indicates that only three Indonesian political parties can rely on enough popular support to win the legislative election that will be held on 9 April 2014. These three parties are PDI Perjuangan (PDI-P), Golkar and Gerindra. Other parties will not have a chance to win the election based on the survey that was conducted in March 2014. Results of the March survey confirmed that these three parties' popularity grew markedly from the institute's December 2013 survey.

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  • Joko Widodo Ranked at #37 in Fortune Magazine's 50 Greatest Leaders

    Joko Widodo Ranked at #37 in Fortune Magazine's 50 Greatest Leaders

    Last week, global business magazine Fortune released the latest version of its world's 50 greatest leaders ranking. Fortune's annual ranking is based on a person's possession of rare leadership skills, admirability as well as having an influential role in society. The list was topped by Pope Francis who is considered to have attracted legions of non-Catholic admirers through the setting of a new direction. There was also one Indonesian leader included in the list. Governor of Jakarta Joko Widodo (popularly known as Jokowi) was ranked at number 37.

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  • Jakarta's Kota Tua Revitalization Program Inaugurated by Joko Widodo

    At the end of last week, Jakarta Governor Joko Widodo (better known as Jokowi) inaugurated the Kota Tua revitalization program in North Jakarta. Kota Tua (Old Batavia) is the oldest part of Jakarta, spanning 1.3 square kilometres, and used to be the center of Dutch colonial rule in the 17th and 18th century (in the 19th century the Dutch moved its administrative center to the south). Today, Kota Tua still breathes a colonial atmosphere through the old architecture and museums, attracting tourists on a daily basis.

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  • Gita Wirjawan Resigns as Trade Minister to Focus on Presidential Bid

    Gita Wirjawan Resigns as Trade Minister to Focus on Presidential Bid

    Indonesia's Trade Minister Gita Wirjawan announced on Friday (31/01) that he resigned - with immediate effect - from the cabinet in order to focus on his ambition to become the next president of Indonesia in the 2014 presidential election, scheduled for 9 July. Wirjawan aims to be selected as presidential candidate in the Democratic Party’s presidential convention. The Democratic Party (PD), the political vehicle of current President Susilo Bambang Yudhoyono, was the largest party at the 2009 elections but has since lost popularity.

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  • New Minimum Wage Jakarta Set at IDR 2.4 Million ($213) per Month in 2014

    After two days of demonstrations by tens of thousands of Indonesian workers, the Governor of Jakarta (Joko Widodo) raised the capital's minimum wage to IDR 2.4 million (USD $213) per month. The new minimum wage, proposed by the Jakarta Wage Council, will be implemented in 2014 and constitutes a 10% increase from the current minimum wage of IDR 2.2 million. The workers, however, had demanded for a minimum wage of IDR 3.7 million causing various institutions and analysts to express concerns about the impact on the investment climate.

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  • Construction of Jakarta's MRT Projected to Start in October 2013

    In order to tackle Jakarta's grave traffic problem, brought on by a lack of quantity and quality of infrastructure and public transportation in combination with millions of daily travelers, governor Joko Widodo has given great priority to the development of the Jakarta Mass Rapid Transit System (MRT). Similar to the Sunda Strait Bridge, Jakarta's MRT project has been a topic of heated discussion and study for decades. However, pressure from Jakarta's governor Joko Widodo (who is better known as Jokowi) put an end to the lingering delay.

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  • Joko Widodo Continues with Social Housing Plans for Jakarta's Urban Poor

    Joko Widodo, who became Governor of Jakarta in 2012 and enjoys much popular support, has high ambitions to turn Jakarta into a better organized city in terms of public transportation, housing and water management. Currently, Indonesia's capital city - which contains about ten million inhabitants - is plagued by continuous traffic jams, annual floods as well as poor and overcrowded housing for the poorer segments of Jakarta's society. Housing which is frequently flooded.

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  • Demonstrations due to Unclarity about Jakarta's New Minimum Wage

    In late 2012, the local Jakarta government decided to increase the monthly minimum wage to IDR 2.2 million (US $229), a 44 percent increase from the previous standard. This rigorous change was one of the first policy changes of the newly elected Joko Widodo administration. Joko Widodo (often referred to as Jokowi) enjoys huge popular support and, similar to Barrack Obama at the start of his reign, provides hope to Jakartans, who have high expectations of his administration.

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  • Heavy Rainfall Causes Floods on Jakarta's Arterial Roads Again

    Floods Jakarta January 2013 Indonesia Investments

    Today, Jakarta was hit again by floods, brought on by heavy rainfall, that reached up to 50 centimeters at some locations and paralyzed part of Jakarta's traffic. Barely two weeks ago, Indonesia's capital city had experienced sustained floods that took the lives of more than 20 people and resulted in losses totaling US $3.3 billion. It might not be Jakarta's last day of floods as the rainy weather conditions are forecast to continue in February.

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Artikel Terbaru Joko Widodo

  • Indonesia’s House Approves 2015 State Budget; Budget Deficit 2.21% of GDP

    Indonesia’s House Approves 2015 State Budget; Budget Deficit 2.21% of GDP

    Indonesia’s House of Representatives (DPR) approved the 2015 State Budget on Monday (29/09) that was proposed by the outgoing President Susilo Bambang Yudhoyono administration. The budget deficit is now set at IDR 245.9 trillion (USD $20.5 billion), equivalent to 2.21 percent of gross domestic product (GDP), and lower than the 2.32 percent of GDP proposed by the government in both the Financial Memorandum and the Revised 2015 State Budget. However, the accepted budget deficit is still high compared to previous years.

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  • Federal Reserve & Indonesia: Limiting the Impact of Higher Interest Rates

    Federal Reserve & Indonesia: Limiting the Impact of Higher Interest Rates

    US Federal Reserve Chairwoman Janet Yellen reminded global investors to prepare for a sooner-than-expected US interest rate hike (Fed Funds Rate, FFR) provided that the economy of the USA - the world’s largest economy - continues its improving trend. In fact, speculation has emerged that the FFR will be raised before the end of 2014 although Yellen stated more than once that the ‘close-to-zero’ interest rate environment would be maintained for a considerable period after the US bond-buying program (quantitative easing) has ended.

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  • Consumer Confidence in Indonesia Hits Record High on Jokowi Optimism

    Consumer Confidence in Indonesia Hits Record High on Jokowi Optimism

    According to data from ANZ-Roy Morgan, Indonesian consumer confidence increased 3.7 points to hit a record high at 161.4 points in August. Compared to the same month last year, Indonesian consumer confidence has grown by 11.9 points. Improved confidence in August is primarily due to increased confidence in personal finances and consumers’ expectation to buy household appliances. Indonesians are also more optimistic about the condition of the domestic economy in the five years ahead due to the arrival of president-elect Joko Widodo.

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  • Performance of Indonesian Stocks Depends on Subsidized Fuel Policy

    Performance of Indonesian Stocks Depends on Subsidized Fuel Policy

    Indonesia’s fuel subsidy policy is estimated to have a large influence on investors’ confidence in the financial or fiscal fundamentals of Southeast Asia’s largest economy and thus on the performance of the local stock index and currency. New president elect Joko Widodo (popularly known as Jokowi) is expected to raise prices of subsidized fuels after taking office in late October 2014 in an attempt to combat the country’s wide current account deficit (mainly caused by expensive oil imports to meet domestic fuel demand).

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  • Bank Indonesia: Current Account Deficit Eases Slightly in 2014

    Bank Indonesia: Current Account Deficit Eases Slightly in 2014

    The central bank of Indonesia (Bank Indonesia) expects that the country’s current account deficit will only ease slightly in 2014. Last year, the deficit reached 3.3 percent of Indonesia’s gross domestic product (GDP), a level which is generally considered unsustainable and leads to reduced investor confidence. Countries that have to cope with a wide current account deficit, such as Indonesia and India, are highly vulnerable in times of global shocks as investors will quickly withdraw their investments from assets in these countries.

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  • Indonesian Government Eyes Economic growth of 5.8% in 2015

    The government of Indonesia agreed with the House Budget Committee to adjust the economic growth target of Southeast Asia’s largest economy in 2015 to 5.8 percent, 0.2 percentage point up from the initial growth target proposed by the government in the Financial Memorandum as well as the 2015 State Budget Draft (APBN). Still, the 5.8 percent gross domestic product (GDP) growth target constitutes the lowest growth target set in Indonesia’s state budget (excluding revised state budgets) since the year 2010.

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  • Record High Level Indonesian Stocks on Sukuk Sale and Subsidy Reform

    The benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) ended at a record high on Wednesday (03/09) as market sentiments were positive after the Indonesian government raised USD $1.5 billion from 10-year dollar-denominated Islamic bonds (known as sukuk) on Tuesday (02/09). Foreign investors submitted USD $10 billion worth of bids, six times the amount offered, showing that they are confident about the country’s current and future economic prospects.

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  • Economic Challenges Indonesia: Jokowi to Raise Fuel Prices Soon?

    Speculation has emerged that Indonesian President-elect Joko Widodo (Jokowi) plans to raise prices of subsidized fuels immediately after taking office in late October 2014. On Tuesday (02 /09), Jokowi said that he sees no other option than to raise these prices in an effort to relieve the budget deficit, curb the wide current account deficit and make more funds available for long-term productive public investments (such as on infrastructure, healthcare and education). The government has set aside IDR 291.1 trillion (USD $25 billion) for fuel subsidies in 2015.

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  • Indonesian Property Stocks Gain Most in First 8 Months of 2014

    Indonesian Property Stocks Gain Most in First 8 Months of 2014

    Property stocks listed on the Indonesia Stock Exchange (IDX) have outperformed all other stocks between the first trading day of 2014 up to 29 August 2014. The IDX’ property sector category rose 37.6 percent in the indicated period, whereas the benchmark stock index (Jakarta Composite Index, abbreviated IHSG) - which involves all stocks traded on the IDX - climbed 18.7 percent over the same period. On the IDX, stocks are placed in ten sectoral categories. The second-best performing sectoral index was finance (+24.5 percent).

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  • Indonesian Rupiah and Stocks Update: Profit Taking Causes Falling Index

    The benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) declined 0.92 percent to 5,136.86 points on the last trading day of the week. Seven of the ten sectorial indices fell, led by the finance sector (-1.66 percent), followed by consumer goods (-1.50 percent) and manufacturing (-1.34 percent). The main reason for this poor performance is that investors are again looking at the true fundamentals of the Indonesian economy instead of optimism about Joko Widodo becoming Indonesia’s seventh president.

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