Tag: fiscal policy
Indonesia Prepares Stimulus for COVID-19 Vaccine Imports
JAKARTA (TheInsiderStories) - The minister of finance, Sri Mulyani Indrawati, announced that Indonesian government prepared fiscal stimulus for COVID-19 vaccine imports. The policy regulated in Presidential...
Warjiyo: Indonesia’s Economy Will Be Positive in 4Q of 2020
JAKARTA (TheInsiderStories) - Governor of Bank Indonesia (BI), Perry Warjiyo, optimistic that the economic growth will return to a positive in the fourth quarter (4Q) of...
Indonesia’s Budget Deficit Widens, State Revenues Slowing Down
JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati, reported until end of September 2020, Indonesia posted a budget deficit Rp682.12 trillion (US$46.40 billion), around 4.16...
UNCTAD: Global Economy will Contracts Over Than 4% in 2020
JAKARTA (TheInsiderStories) - The United Nation Conference on Trade and Development’s (UNCTAD) warns that a bold, targeted fiscal expansion, led by the advanced economies, is the...
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...
Morning Briefing: The Fed Starts the Monthly Meeting
JAKARTA (TheInsiderStories) - Good Morning! United States (US) Federal Reserve (Fed) will hold a monthly meeting to determine the benchmark rate starting today and will make...
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 to Charges 10% VAT on Global Digital Products and Services
JAKARTA (TheInsiderStories) - Indonesian government plans to impose a 10 percent value added tax (VAT) for digital products and services sold by foreign tech company, said the...
Warjiyo: Indonesia’s Economy Could Grow 6.6 to 7.1% in 2021
JAKARTA (TheInsiderStories) - Bank Indonesia Governor Perry Warjiyo sees the economic growth will rises to 6.6 - 7.1 percent of gross domestic products (GDP) in 2021,...
IMF Sees Indonesia’s GDP Only 0.5% in This Year
JAKARTA (TheInsiderStories) - International Monetary Fund (IMF) sees Indonesia' economic growth only 0.5 percent in this year, the lowest level since 1998, caused the impact of...
Indonesia Sees the Economic Growth 4.5% - 5.5% in 2021
JAKARTA (TheInsiderStories) - Indonesian government expect the economic growth could rebound in 2021 between 4.5 to 5.5 percent of gross domestic products (GDP) after the...
Indonesia Raises State Bond Issuances to US$62B in 2020
JAKARTA (TheInsiderStories) - Indonesia will raise the state bonds issuances around Rp999.6 trillion (US$62.47 billion) in this year from the initial targets Rp389.4 trillion, said finance...
Fin Min Sees Indonesia’s GDP Could in Negative Zones
JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati sees Indonesia' economic growth could touches the negative level at minus 0.4 percent to 2.3 percent in...
Indonesia’s GDP Only 2.5% This Year if COVID-19 Prolonged
JAKARTA (TheInsiderStories) - In worse scenario, Finance minister Sri Mulyani Indrawati, sees Indonesia' economic growth could be in the range 0 - 2.5 percent if...
Indonesia Ready to Spread More Stimulus
JAKARTA (TheInsiderStories) - Indonesian government is finalizing the second stimulus policy to reduce the impact of the coronavirus outbreak on the domestic economy, said the senior...
Fiscal Policies to Protect People During the Coronavirus Outbreak
JAKARTA (TheInsiderStories) - A key role of government is to protect the well-being of its people—most crucially and visibly during emergencies such as the recent...
Morning Briefing: The Coronavirus Widespread
JAKARTA (TheInsiderStories) - Good Morning! World Health Organization (WHO) chief, Tedros Adhanom Ghebreyesus said, the spread of coronavirus is increasingly at a global level. At a briefing...
Indonesia Rolls Out Stimulus US$735M to Blow the Coronavirus Effects
JAKARTA (TheInsiderStories) - Indonesia rolled out a Rp10.3 trillion (US$735.71 million) stimulus package in an effort to cushion the blow of the coronavirus outbreak on...
Indonesia Drives Spending to Curb the Domestic Economy
JAKARTA (TheInsiderStories) - Indonesian President asked his staff to accelerates the disbursement of government spending to boost the domestic economy at the limited meeting...
Indonesia’s Credit Profile Balances Stable Growth with Revenue Weaknesses
JAKARTA (TheInsiderStories) - Indonesia' (Baa2 stable) credit profile is supported by the economy' large size, low fiscal deficits and modest debt burden. These features are balanced...
Prolonged Coronavirus Outbreak Would Hurt APAC Bank Profitability
JAKARTA (TheInsiderStories) - Prolonged coronavirus outbreak would hurt Asia Pacific (ex-China) bank profitability and asset quality, says Moody's Investors Service in the latest report released today...
Wolrd Bank: Indonesia Needs Strong Institutional Reform To Benefit of Urbanization
JAKARTA (TheInsiderStories) - Indonesia, the world’s fourth most populous country, stands as a country transformed by urbanization. It can be the next big thing...
Damayanti Sees Indonesian Rupiah Average Rate 14,000 - 14,400 in 2019
JAKARTA (TheInsiderStories) - Deputy governor of Bank Indonesia (BI) sees the Rupiah will trade at an average of 14,000-14,400 against the US Dollar during of...
Indonesian Govt Tightens Coal Import Duty Rule
JAKARTA (TheInsiderStories) - Indonesian government has tightened the fiscal facilities in the form of exemption from import duties and value-added tax (VAT) on imported...
Indonesia’s Budget Deficit Reached 0.84% of GDP in 1H
JAKARTA (TheInsiderStories) - Indonesia' finance ministry Sry Mulyani Indrawati on Tuesday (07/16) reported a deficit of the state budget in the first half (1H)...
S&P: Indonesia’s GDP to Improves by Investment and Infrastructure
JAKARTA (TheInsiderStories) - International rating agency Standard & Poor’s Global Ratings (S&P) stated that Indonesia' Gross Domestic Product (GDP) is considered to be far...
Morning Briefing: Indonesia May Gain Benefit over the US Recession
JAKARTA (TheInsiderStories) — Good morning! United States bond market’ yield curve showed ominous sign of a recession. Yesterday, US 10-year bond yield fell deeply...
Indonesia Eyes 5.5% Economic Growth in 2020
JAKARTA (TheInsiderStories) - Indonesian government eyes a higher economic growth in 2020 compared to this year. At plenary cabinet session led by President Joko Widodo, government...
Three Strategies to Reach Indonesia’s Inflation Target in 2019
JAKARTA (TheInsiderStories) - The Government and Bank Indonesia (BI) agreed on three strategic steps to keep inflation within the target range of 3.5±1 percent...
Indonesia’s President Calls Global Leaders Alerts on the Financial Crisis
JAKARTA (TheInsiderStories) - Indonesia's President Joko Widodo asked the global financial leaders to alert on the potential global financial crisis at the Annual Meeting Plenary...
