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Berita Hari Ini Joko Widodo

  • Corporate Income Tax Indonesia to Be Cut in 2017?

    Corporate Income Tax Indonesia to Be Cut in 2017?

    Indonesia is still planning to revise the nation's tax tariff system, specifically corporate income tax and value-added tax (VAT). Indonesia's corporate income tax rate could be cut to 17 percent, from 25 percent currently. The plans were confirmed this week by Indonesian President Joko Widodo as well as Indonesian Finance Minister Sri Mulyani Indrawati. Lowering Indonesia's corporate income tax to 17 percent - matching Singapore's tariff - would make it more attractive for investors to move, or keep, their business in Indonesia.

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  • Controversial Issues in Indonesia: Executions & Human Rights

    Controversial Issues in Indonesia: Executions & Human Rights

    Despite fierce international criticism, Indonesia will go-ahead with the executions of 14 convicted drug traffickers, including 10 foreigners (from Nigeria, Zimbabwe, India and Pakistan). According to local media coffins have already arrived at the Nusa Kambangan prison island (Central Java) where executions usually take place, while the families of those who face imminent executions have already been informed. The executions, by firing squad, are expected to be conducted tonight or tomorrow (traditionally around midnight).

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  • Update Cabinet Reshuffle Indonesia: Who Are the New Ministers?

    Update Cabinet Reshuffle Indonesia: Who Are the New Ministers?

    On Wednesday (27/07) Indonesian President Joko "Jokowi" Widodo confirmed that he has reshuffled his cabinet, a move aimed at enhancing the effectiveness of his cabinet. Widodo also announced the names of the new ministers. Two names are very interesting: (1) Sri Mulyani Indrawati, who was Indonesia's finance minister between 2005 and 2010, and (2) retired army general Wiranto, who played a key role in handling security issues during the transition from Suharto's New Order to the Reformation era. However, his name is linked to human rights violations.

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  • Politics in Indonesia: Widodo to Announce Cabinet Reshuffle

    Politics in Indonesia: Widodo to Announce Cabinet Reshuffle

    In local media it is reported that Indonesian President Joko Widodo will announce another cabinet reshuffle on Wednesday afternoon (27/07). The three ministers that - according to speculation in media - are set to be replaced are Industry Minister Saleh Husin, Energy and Mineral Resources Minister Sudirman Said, and National Development Planning Minister Sofyan Djalil. It would be the second cabinet reshuffle that is undertaken by Widodo (in August 2015 he replaced six ministers in a cabinet reshuffle).

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  • Survey Shows High Degree of Confidence in Jokowi's Indonesia

    Survey Shows High Degree of Confidence in Jokowi's Indonesia

    A survey from Saiful Mujani Research and Consulting (SMRC) shows that Indonesians' confidence in the performance of President Joko Widodo's government has risen. The survey signals that some 67 percent of the Indonesian population are satisfied with the government's performance, significantly higher compared to 42 percent in 2015. Reform-minded Widodo, often called Jokowi, has been in office since October 2014. However, he has to guide the nation amid global and domestic challenges (sluggish economic growth, low commodity prices and monetary policy changes of key central banks that trigger capital inflows/outflows).

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  • Why Indonesia Doesn't Ratify WHO's Framework Convention on Tobacco Control

    Why Indonesia Doesn't Ratify WHO's Framework Convention on Tobacco Control

    Indonesia is one of the few nations around the globe that is yet to ratify the World Health Organization (WHO)’s Framework Convention on Tobacco Control (FCTC). The FCTC mandates strict limits on tobacco advertising, sponsorship, production, sale, distribution and taxation in order to protect people from the negative health, social, environmental and economic consequences of cigarette consumption or exposure to cigarette smoke. However, it will be a cold day in hell before Indonesia ratifies the FCTC.

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  • Indonesia Declares Patimban Seaport a National Strategic Project

    Indonesia Declares Patimban Seaport a National Strategic Project

    The central government of Indonesia has officially declared the Patimban Seaport project in Subang (West Java) a national strategic project through Presidential Decree No. 47/2016, signed by Indonesian President Joko Widodo. This declaration implies that the project is regarded a priority project that benefits the economy and society as a whole. The priority status further means that all ministers, government agencies and governors need to support the development of the project.

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  • Politics Indonesia: Joko Widodo to Decide for another Cabinet Reshuffle?

    Politics Indonesia: Joko Widodo to Decide for another Cabinet Reshuffle?

    There has been rising speculation in Indonesia in recent months that Indonesian President Joko Widodo will decide for another cabinet reshuffle as several ministers are held responsible for the disappointing performance of their ministries (that have reacted too slow to implement new government guidelines, for example those guidelines set in the series of economic policy packages that have been released since September 2015). On 12 August 2015, Widodo had already reshuffled his cabinet, replacing six ministers.

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  • Japan & Indonesia to Partner for Construction of Patimban Seaport

    Japan & Indonesia to Partner for Construction of Patimban Seaport

    Japanese Prime Minister Shinzo Abe informed Indonesian President Joko Widodo that Japan is eager to be involved in the USD $3 billion Patimban deep seaport in Subang (West Java). This seaport is envisaged to become an international seaport with a 7.5 million twenty-foot equivalent units (TEU) capacity. President Widodo is in Japan for a two-day visit (26-27 May). On the sidelines of the Group of Seven summit, Widodo and Abe discussed several projects: the Patimban seaport, the revitalization of the northern Java railway, and the Batang power plant.

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  • Foreign Investment: Bilateral Cooperation Indonesia & South Korea

    Foreign Investment: Bilateral Cooperation Indonesia & South Korea

    Investors from South Korea plan to invest up to USD $18 billion in Indonesia. Indonesian President Joko Widodo, Chairman of the Chamber of Commerce & Industry (Kadin) Rosan Perkasa Roeslani, Trade Minister Thomas Lembong and Foreign Minister Retno Marsudi witnessed the signing of business agreements and memorandums of understanding (MoU) in Seoul on Monday (16/05), covering bilateral cooperation in infrastructure development such as power plants, gas pipelines and railways as well as trade, creative economy, environment, and maritime affairs.

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Artikel Terbaru Joko Widodo

  • Indonesian Presidential Election: Army Ready if Public Disorder Occurs

    Indonesian Presidential Election: Army Ready if Public Disorder Occurs

    Indonesian Army Chief of Staff Budiman, without choosing a side, hopes to see a clear victory for one of the presidential candidates - Joko Widodo or Prabowo Subianto - in the election that is scheduled for Wednesday (09/07) as a large win will reduce chances of public disorder caused by disappointed supporters. Budiman said that a gap of at least five percent between the two contenders (based on the quick count results which will be released on the day of election) is considered a safer level.

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  • Why Are Foreign Investors Concerned about a Prabowo Subianto Win?

    Why Are Foreign Investors Concerned about a Prabowo Subianto Win?

    The result of Indonesia’s presidential election (scheduled for 9 July 2014), which has become a tight race between Prabowo Subianto and Joko Widodo (Jokowi), will for sure have a large impact on foreign investors’ confidence in Indonesian politics and the economy. A few weeks ago, a survey of Deutsche Bank showed that a majority of respondents (consisting of foreign investors) intend to sell their Indonesian assets if controversial candidate Prabowo Subianto will be elected. What are foreigners’ perceptions of a Subianto win?

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  • Prabowo Subianto and Jokowi Should Focus on Equality, Not GDP Growth

    Prabowo Subianto and Jokowi Should Focus on Equality, Not GDP Growth

    Senior economist at the Institute for Development of Economics and Finance (INDEF), Didier Damanhuri, believes that Indonesia’s two presidential candidates - Joko Widodo (popularly known as Jokowi) and Prabowo Subianto - are both similar in economic approach as both men are primarily focused on high gross domestic product (GDP) growth as the measurement for economic development, while, in fact, many countries that only focus on GDP growth show a high degree of economic inequality.

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  • Indonesia Stock Exchange Update: Jakarta Composite Index Falls 0.11%

    Indonesia Stock Exchange Update: Jakarta Composite Index Falls 0.11%

    The performance of Indonesia’s benchmark stock index (known as Jakarta Composite Index or IHSG) was similar to the performance at the start of last week, possibly influenced by the presidential debates that took place a day prior to the past two Mondays. These debates, between the two presidential candidates (Joko Widodo and Prabowo Subianto), are broadcast live on national television and are important to outline each candidate’s vision and mission to the people. On 9 July 2014, Indonesians will vote for a new leader.

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  • Presidential Election Indonesia 2014: 2nd Television Debate Jokowi-Prabowo

    Presidential Election Indonesia 2014: 2nd Television Debate Jokowi-Prabowo

    Sunday evening (15/06), the second debate between Indonesia’s two presidential candidates - Prabowo Subianto and Joko ‘Jokowi’ Widodo - was held. This debate was broadcast live on various Indonesian television stations and - once again - managed to become a trending topic on social media. The debate, the theme of which was ‘development of the economy and social welfare‘, was characterized by a nationalistic and protectionist tone. This tone had already been set by Subianto in the past weeks but now Jokowi also stressed protectionism.

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  • Indonesian Rupiah Appreciates 0.25% but Sentiment still Negative

    Indonesian Rupiah Appreciates 0.25% but Sentiment still Negative

    The Indonesian rupiah exchange rate appreciated 0.25 percent to IDR 11,860 per US dollar according to the Bloomberg Dollar Index on Thursday (05/06). However, this is not expected to be the start of an appreciating trend for the currency as there are still various domestic and international factors that place pressure on the rupiah. Contrary to the Bloomberg Index, Bank Indonesia's benchmark rupiah rate (Jakarta Interbank Spot Dollar Rate, abbreviated JISDOR) depreciated 0.54 percent to IDR 11,874 against the US dollar today.

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  • Indonesia Presidential Election: Joko 'Jokowi' Widodo vs Prabowo Subianto

    Indonesia Presidential Election: Joko 'Jokowi' Widodo Versus Prabowo Subianto

    It had been speculated for a while, but yesterday the official declaration of Indonesia's presidential candidates and their running mates (the vice-presidential candidates) were presented. In the upcoming election, scheduled for 9 July 2014, Jakarta Governor Joko 'Jokowi' Widodo will face Prabowo Subianto, former army general and former son-in-law to president Suharto (Indonesia's second president), in a battle for the country's presidential seat. What is there to tell about this battle?

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  • Indonesia Stock Market Update: Down on Profit Taking after Positive Start

    Similar to when the market expects the release of positive companies' corporate earnings reports, the benchmark stock index of Indonesia (known as the Jakarta Composite Index or IHSG) gained significantly at the start of today's trading day (19/05) as the market waited for the official declarations of the presidential and vice-presidential candidates that will participate in the presidential election that is scheduled for 9 July 2014. The two pairs that will compete are the Joko Widodo-Jusuf Kalla pair and the Prabowo Subianto-Hatta Rajasa pair.

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  • Jokowi-Kalla Effect: Indonesian Rupiah and Stocks Plunge after Earlier Gains

    Jokowi-Kalla Effect: Indonesian Rupiah and Stocks Plunge after Earlier Gains

    After a promising start of the day, the rupiah exchange rate and Indonesian stocks lost all of their earlier gains ahead of closing on Monday day (19/05). Around 10:00 local Jakarta time, the rupiah rate appreciated more than 0.60 percent to IDR 11,346 per US dollar on speculation that Jusuf Kalla would be nominated as Joko "Jokowi" Widodo's running mate in the presidential election (9 July 2014), backed by a coalition consisting of the PDI-P, NasDem, PKB and Hanura. After the official declaration, however, the currency lost all of its earlier gains.

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  • 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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