Home Tags 2020 State Budget

Tag: 2020 State Budget

Breaking: Indonesia Enters the Recession Period

JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati said Indonesia' economic growth in the third quarter (3Q) of 2020 still in the negative territory...

Another 12 Global Digital Firm Must Pay 10% VAT Starting October

JAKARTA (TheInsiderStories) - Indonesian government added 12 global digital firms to pay 10 percent of value added tax (VAT) for its users starting October 2020,...

Moody’s Sees Indonesian Economy Lowering to 3.9% in 2020

JAKARTA (TheInsiderStories) - Moody's Investors Service sees Indonesian economic growth will ended at 3.9 percent of gross domestic products (GDP) in this year, said the agency...

Indonesia Prepares US$2.77B to Produces COVID-19 Vaccines

JAKARTA (TheInsiderStories) - Indonesian government has allocated Rp40.8 trillion ($2.77 billion) of budget to produces a COVID-19 vaccines in multi-years, said senior economic minister on Monday...

Indonesia Offers Retail SUKUK with a Target of US$342M

JAKARTA (TheInsiderStories) - Indonesian government offers retail SUKUK with code the SR-013 with indicative targets up to Rp5 trillion, said the official today. The country set...

Bank Indonesia Buys Over than US$1B of State Bonds

JAKARTA (TheInsiderStories) - Today, Bank Indonesia (BI) bought Rp16.98 trillion (US$1.15 billion) of state bonds through a private placement as part of burden sharing...

Indrawati Sees Indonesian Economy Contracts 2% in 3Q

JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati sees Indonesian economic growth will contraction 2 percent in the third quarter (3Q) of 2020. For the...

Indrawati Revises Down Economic Growth -0.2% to -1.1% in 2020

JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati has revised Indonesian economic growth targets in 2020 in the range of -0.2 to -1.1 percent of gross...

Indonesia’s Consumer Confidence Index Improves in July

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported the Consumer Confidence Index (CCI) on economic conditions improved to 86.2 in July 2020 from last month at 83.8. Even...

Indonesian Govt Pushes Spending to Boost the Economy

JAKARTA (TheInsiderStories) - After experiencing a contraction in the second quarter of 2020, Indonesian government will take an extraordinary steps to boost the economy...

Alert! Indonesia is in Technical Recession, GDP Contracts 5.32% in 2Q

JAKARTA (TheInsiderStories) - The statistics bureau reported Indonesia' economic growth plunged to 5.32 percent in the second quarter of 2020 compared to last year, said...

BI to Buys State Bond US$27B through Private Placement Scheme

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) to buy the state bond through a private placement worth of Rp397.56 trillion (US$27.43 billion) with tenure 5  -8 years...

World Bank Sees Indonesian Economy Not Grow in 2020

JAKARTA (TheInsiderStories) - The World Bank sees Indonesian economy not growing or zero growth of the gross domestic products (GDP), said the lead economist today (07/16)....

Fitch Assigns Indonesia’s Samurai Bonds Final ‘BBB’ Ratings

JAKARTA (TheInsiderStories) - Fitch Ratings has assigned a final rating of 'BBB' to the Samurai bonds issued by Indonesian government. On July 2, the country has...

Pemerintah Cari Rp900 Triliun dari Pasar Obligasi untuk Biayai Defisit APBN

JAKARTA (TheInsiderStories) - Pemerintah Indonesia mencari dana Rp900,4 triliun dari penerbitan Surat Utang Negara (SUN) untuk membiayai defisit Anggaran Pendapatan dan Belanja Negara (APBN)...

Indonesia Seeks US$64B from Bond Market to Cover Budget Deficit Costs

JAKARTA (TheInsiderStories) - Indonesian government seeks funds Rp900.4 trillion (US$63.85 billion) from the state bond issuances to finances the 2020 State Budget deficit, said the...

Widodo Signs the 2020 Stated Budget Decree to Response the Pandemic

JAKARTA (TheInsiderStories) - Joko Widodo has signed the President Regulation Number 72 of 2020 as a revision of the Presidential Regulation Number 54 of 2020 on...

Indonesia Raises US$2.5B from Global SUKUK Issuances

JAKARTA (TheInsiderStories) - Indonesian government raises funds US$2.5 billion from the issuance of global SUKUK, said finance minister yesterday (05/17). The three-series noted have tenure five...

Indonesia Enters Global Bond Market Again, This Time Offers Sukuk

JAKARTA (TheInsiderStories) - Indonesian government back into the global bond market by offered US Dollar-denominated trust certificates (SUKUK), it said today (05/17). Moody's Investors Service has assigned Baa2...

Indrawati: Indonesia’s Economic Growth Depresses in 2Q of 2020

JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati sees Indonesian economic growth will depressed in the second quarter (2Q) of 2020 to below zero percent...

Morning Briefing: War of the Brexit Begin

JAKARTA (TheInsiderStories) - On Monday, Prime Minister of United Kingdom, Boris Johnson have a video call with President of European Uniton Ursula von deer Leyen and...

Indonesia to Issues Samurai, Eurobond to Fund Fiscal Deficit

JAKARTA (TheInsiderStories) - Indonesian government looking to sell Samurai and Eurobonds in the second semester (2H) of 2020 to fund the fiscal deficit, said finance ministry'...

Again, Indonesia Revises 2020 State Budget to Help the Economy

JAKARTA (TheInsiderStories) - For the second time, Indonesian government revised the 2020 State Budget to support the Economic Recovery Program (ERP) and curb the economy....

Indonesia to Collect VAT from Digital Product and Service Sales

JAKARTA (TheInsiderStories) - Indonesian government will put a 10 percent of value added tax (VAT) on digital products and services sales starting July 1, the tax...

Hajj Financial Agency Ready to Help BI to Curb Rupiah Movement

JAKARTA (TheInsiderStories) - The Head of the Hajj Financial Management Agency said could uses their funds to help Bank Indonesia (BI) if the government...

Morning Briefing: Indonesia’s State Revenues Slows due to the COVID-19

JAKARTA (TheInsiderStories)  - Good Morning! Deputy vice minister of finance, Suahasil Nazara reported, until April, Indonesia' budget deficit at 0.44 percent of gross domestic...

Indonesia Prepares US$43B for Economic Recovery Program Funds

JAKARTA (TheInsiderStories) - Indonesian government prepared the Economic Recovery Program (ERP) Funds around Rp641.12 trillion (US$42.74 billion), said finance minister on Monday (05/18). In detail, part of...

Fin Min: Indonesia Budget Deficit Could Widens to 6.27% of GDP

JAKARTA (TheInsiderStories) - Finance minister Sri Mulyani Indrawati said the 2020 State Budget deficit could widens to 6.27 percent of gross domestic product (GDP) followed...

Indonesia’s Emergency Regulation Approves by Parliament

JAKARTA (TheInsiderStories) - Indonesia' House of Representatives approved the Government Regulation Lieu of Law Number 1 of 2020 concerning State Financial Policies and Financial System Stability...

Indonesia Releases Economic Recovery Program Regulation

JAKARTA (TheInsiderStories) - President Joko Widodo has signed a special rule  Government Regulation Number 23 of 2020 regarding Economic Recovery Program (ERP), which was just enacted...