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Today's Headlines Economic Policy Package

  • Indonesia Investments' Research Report Released: November 2018 Edition

    Indonesia Investments' Research Report Released: November 2018 Edition

    On Friday (7/12) Indonesia Investments released the November 2018 edition of its monthly research report. The report aims to inform the reader of the key political, economic and social developments that occurred in Indonesia in the month of November 2018 and also touches upon key international developments that impacted on the Indonesian economy.

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  • Indonesia's 16th Economic Policy Package to Focus on Investment

    Indonesia's 16th Economic Policy Package to Focus on Investment

    After macroeconomic growth was rather disappointing at 5.01 percent year-on-year (y/y) in the second quarter of 2017, the Indonesian government will soon release a new economic policy package, specifically aimed at boosting investment in Indonesia. However, Indonesia's business world urge the government to first evaluate the effectiveness of preceding policy packages before implementing a new deregulation package. Moreover, some say it would be better to focus on improving confidence among consumers.

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  • Indef Criticizes Indonesia's Economic Policy Packages

    Indef Criticizes Indonesia's Economic Policy Packages

    The Institute for Development of Economics and Finance (Indef) criticizes the 14 economic policy packages that have been released by the Indonesian government between September 2015 and November 2016. While these packages aim at boosting competitiveness, employment opportunities, purchasing power, investment and overall macroeconomic growth, results have been disappointing so far. Ahmad Heri Firdaus, economist at Indef, says the packages are too "general" and thus fail to focus on the specific environment in a specific sector (and-related sub-sectors).

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  • Indonesia to Release 15th Economic Policy Package Soon

    Indonesia to Release 15th Economic Policy Package Soon

    The government of Indonesia will soon release the 15th economic policy package in an effort to maintain the "structural reform momentum" and encourage investment into Indonesia as well as macroeconomic growth. Based on the words of Indonesian Chief Economics Minister Darmin Nasution, the 15th policy package will touch on subjects related to deregulation, (improvement of the) investment climate, infrastructure, medical equipment, as well as the textile and agri industries.

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  • Jean-Claude Trichet on the Indonesian Economy; New Policy Packages

    Jean-Claude Trichet on the Indonesian Economy; New Policy Packages

    Jean-Claude Trichet, president of the European Central Bank (ECB) from 2003 to 2011, says the strategy of Indonesian President Joko Widodo to boost overall economic growth (and social development) in Southeast Asia's largest economy through infrastructure development is the correct strategy. Although this strategy requires time, it will result in structural long-term growth. Trichet spoke at an international seminar in Jakarta, themed "Challenges to Global Economy", organized by the Indonesian Deposit Insurance Company (LPS) to mark its 11th anniversary.

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  • 13th Economic Policy Package Indonesia: Low-Cost Housing

    13th Economic Policy Package Indonesia: Low-Cost Housing

    Earlier this week the government of Indonesia released its 13th economic policy package. This 13th edition focuses on the reduction of bureaucracy (red tape) in a bid to boost the construction of low-cost housing for the poorer segments of Indonesian society. Currently, property developers are required to obtain 33 permits before they can start to build affordable housing for the low-income people of Indonesia. This results in a costly and time-consuming process.

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  • Update Indonesia's Economic Policy Packages: What's the Progress?

    Update Indonesia's Economic Policy Packages: What's the Progress?

    Recently, most attention has been paid to Indonesia's tax amnesty program launched last Monday (18/07), while the 12 economic policy packages - released between September 2015 and April 2016 by the Indonesian government - have been pushed to the background. These packages, which include tax incentives, deregulation, and somewhat open foreign investment opportunities in Indonesia, were implemented in a bid to boost Indonesia's economic growth. However, according to the latest information, not all 12 economic stimulus packages have been implemented in full force.

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  • World Bank Releases June 2016 Indonesia Economic Quarterly Report

    World Bank Releases June 2016 Indonesia Economic Quarterly Report

    The World Bank released the June 2016 edition of its Indonesia Economic Quarterly (IEQ) report on Monday (20/06). Recently, the Washington-based institution took a rigorous step by downgrading its 2016 global economic growth forecast from 2.9 percent (y/y) to 2.4 percent (y/y). This is a significant downgrade that was primarily due to the weak performance of commodity exporters. Despite this downgrade the World Bank still sees a resilient Indonesian economy, reflected by a GDP growth forecast of 5.1 percent (y/y) in 2016 and 5.3 percent (y/y) in 2017.

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Latest Columns Economic Policy Package

  • 16th Economic Policy Package: Tax Holidays, Tax Incentives & Negative Investment List Revision

    16th Economic Policy Package: Tax Holidays, Tax Incentives & Negative Investment List Revision

    The Indonesian government plans to roll out the red carpet for investors in another attempt to attract direct investment, hence boost the macroeconomy, increase employment opportunities and combat poverty. In the 16th economic policy package, which was announced on Friday 16 November 2018 - but is yet to be signed by Indonesian President Joko Widodo - three programs are included that should improve the nation’s investment climate, thus strengthen the economy.

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  • 16th Economic Policy Package: Single Submission System

    16th Economic Policy Package: Single Submission System

    Indonesian President Joko Widodo unveiled the 16th economic policy package on Thursday morning (31/08) at the Indonesia stock Exchange building in Jakarta. This latest package aims to create an integrated licensing system. It also deals with strict supervision for the transition from the manual licensing system to an online system.

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  • Fitch Ratings Affirms Indonesia's Sovereign Credit Rating at BBB-/Stable

    Fitch Ratings Affirms Indonesia's Sovereign Credit Rating at BBB-/Stable

    Global credit rating agency Fitch Ratings maintained Indonesia's sovereign credit rating at BBB-/stable outlook in May 2016. BBB- is the lowest notch within the investment grade category. In a statement released on Tuesday (24/05) Fitch Ratings expressed that Indonesia's low public debt (at 26.8 percent of gross domestic product), limited risks in the banking sector, and the economic growth outlook at 5.1 percent (y/y) in 2016 amid global challenges were all factors that supported the decision of the credit rating agency to keep Indonesia on investment grade status.

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  • HSBC: Indonesia's Economic Growth 5% in 2nd Quarter of 2016

    HSBC: Indonesia's Economic Growth 5% in 2nd Quarter of 2016

    Although Indonesia's economic growth in the first quarter of 2016 was below analysts' estimates, most analysts agree that the nation's economic growth in the second quarter of the year could reach 5 percent (y/y), supported by domestic consumption and capital inflows. In Q1-2016 Indonesia's economic growth climbed at a pace of 4.92 percent (y/y) - accelerating from the 4.73 percent (y/y) GDP growth pace in the same quarter one year earlier - but significantly below estimates of most analysts. For example, Bank Indonesia expected GDP growth around 5.1 - 5.2 percent (y/y).

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  • Economic Packages Indonesia: Key to Success Lies in Regions

    Economic Policy Packages Indonesia: Key to Success Lies in Regions

    Infrastructure development and deregulation are the two main recipes used by the Indonesian government - under the leadership of Joko Widodo - to attract investment. By making it easier and cheaper to obtain permits and by providing better infrastructure (implying investors need to invest less in additional infrastructure facilities while logistic costs ease) Indonesia's investment climate improves. As such, the ease of doing business in Indonesia will improve accordingly. However, good coordination and cooperation between the central and regional governments is required.

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  • Asian Development Bank: Economic Growth Indonesia to Rebound in 2016

    Asian Development Bank: Economic Growth Indonesia to Rebound in 2016

    The Asian Development Bank (ADB) expects Indonesia's economic growth to rebound in 2016 on the back of improving government spending realization (specifically on infrastructure development) and the series of economic policy packages that have been unveiled by the government since September 2015. Consumers and private investors are expected to respond positively to these government efforts hence contributing to macroeconomic growth.

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  • GDP in Focus: Analysis Indonesia's 5.04% Economic Growth in Q4-2015

    GDP in Focus: Analysis of Indonesia's 5.04% Economic Growth in 2015

    The Indonesian economy expanded 5.04 percent year-on-year (y/y) in the fourth quarter of 2015, slightly beating analyst expectations and constituting the highest quarterly growth pace since Q1-2014 thus providing optimism that Indonesia's economic growth will finally be able to accelerate in 2016 after six years of economic slowdown (therefore Indonesia's benchmark Jakarta Composite Index surged a staggering 2.85 percent on Friday). In full-year 2015 the economy of Indonesia expanded 4.79 percent (y/y), the slowest growth pace since 2009.

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  • Indonesia's 8th Stimulus Package: Import Tax, Oil Refineries & One-Map Policy

    Indonesia's 8th Stimulus Package: Import Tax, Oil Refineries & One-Map Policy

    On Monday (21/12) the government of Indonesia unveiled its eight economic stimulus package. This latest edition of the series of packages - all aimed at boosting economic growth - involves three policies. Firstly, the scrapping of import taxes on 21 categories of airplane spare parts. Secondly, fiscal and non-fiscal incentives for the development of oil refineries. Thirdly, the central government will streamline and harmonize land-acquisition for infrastructure development across the country through the new "one-map policy".

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  • Fitch Ratings Affirms Indonesia's BBB- Investment Grade Credit Rating

    Fitch Ratings Affirms Indonesia's BBB- Investment Grade Credit Rating

    Global credit rating agency Fitch Ratings affirmed Indonesia's sovereign credit rating at BBB- (investment grade) with a stable outlook. The country's long-term foreign and local currency issuer default rating, the senior unsecured foreign and local currency bonds, and Islamic certificates (sukuk) were all affirmed at BBB-. Meanwhile, the short-term foreign currency IDR was affirmed at 'F3', the country ceiling at BBB, and the outlook on the long-term IDRs are stable. Through the affirmation Fitch acknowledges Indonesia's ongoing commitment to structural reforms amid recent economic woes.

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  • Economy of Indonesia: Economic Growth at 4.73% y/y in Q3-2015 - Analysis

    Economy of Indonesia: Economic Growth at 4.73% y/y in Q3-2015 - Analysis

    Indonesia's economic performance in the third quarter of 2015 was a bit disappointing as the 4.73 percent year-on-year (y/y) growth pace in Q3-2015 was slightly below market expectations at 4.8 percent (y/y). On a positive note, however, Indonesia's gross domestic product (GDP) growth accelerated from the six-year low of 4.67 percent (y/y) in the preceding quarter. A look at the table below shows that Indonesia's third quarter GDP growth rarely outpaces growth in the second quarter. This is a hopeful sign indeed.

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