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Fitch Revises Down Indonesia’s Economic Growth to 4.8% in 2020

JAKARTA (TheInsiderStories) – Fitch Ratings revised down Indonesia’ economic growth forecasts from 5.1 percent to 4.8 percent in 2020 amid the COVID-19 outbreak, it...

R&I Upgrades Indonesia Sovereign Credit Rating to BBB+

JAKARTA (TheInsiderStories) - Rating and Investment Information, Inc. (R&I) upgrades Indonesia’ sovereign credit rating from BBB/stable outlook to BBB+/stable outlook (investment grade), the agency announced on...

Breaking: Indonesia Extends COVID-19 Emergency Status Until May

JAKARTA (TheInsiderStories) - Indonesian government extended the COVID-19 national emergency status until May 29 from initially on Feb. 28, said the the national disaster management...

Indonesia’s President: No Lockdown Policy

JAKARTA (TheInsiderStories) - President Joko Widodo asserted the government will not adhere the lockdown policy to overcome the coronavirus outbreak in Indonesia. He also averted...

ADB Pledges Loan Budget US$2.7B for Indonesia

JAKARTA (TheInsiderStories) - The Asian Development Bank (ADB) is committed to raising the loan budget to Indonesia from last year worth of US$ 1.7 billion...

Breaking News: Two Indonesians has been Affected Coronavirus

JAKARTA (TheInsiderStories) - President Joko Widodo announces two Indonesian peoples has been affected by coronavirus. The victim one old lady and her daughter has been...

Widodo: Indonesia’s Digital Economy Reaches US$40B in 2019

JAKARTA (TheInsiderStories) - President Joko Widodo reported Indonesia' digital economy valued worth of US$40 billion during 2019. The amount is far beyond other Southeast Asia...

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...

Widodo Wants Indonesia’s Ease Doing of Business Rank Rises to 40

JAKARTA (TheInsiderStories) - President Joko Widodo wants Indonesia' ease of doing business (EoDB) ranking rise from 73 to 40 position in 2019. To Reach the target,...

Indonesia’s Rating Survive in Baa2 with Stable Outlook, says Moody’s

JAKARTA (TheInsiderStories) - Moody's Investors Service  affirmed Indonesia' local and foreign currency long-term issuer ratings at Baa2 and maintained the stable outlook. The local and foreign...

Indonesia to Signs CEPA with Australia on Monday

JAKARTA (TheInsiderStories) - President Joko Widodo and Prime Minister Scott Morrison will signs the Indonesia – Australia Comprehensive Economic Partnership Agreement (IA-CEPA) on Monday (02/10). The signing...

House Approves Indonesia – Australia’s CEPA

JAKARTA (TheInsiderStories) - Indonesian House of Representatives approved the bill to ratify the Indonesia - Australia Comprehensive Economic Partnership Agreement (IA-CEPA) on Thursday' meeting. Last year,...

Japan Credit Raises Indonesia Rating to BBB+

JAKARTA (TheInsiderStories) - Japan Credit Rating (JCR) has raised the debt rating of Indonesia to BBB+ with a stable outlook. Earlier in April 2019, the agency...

Global Financial Market Plummet as Wuhan Virus Spreads

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo monitored the development of coronavirus in Wuhan, China, and promised to protect Indonesian citizens who live at the...

Indonesia, UAE to Completes Investment Deal US$20B Next Week

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo would visit Abu Dhabi, United Arab Emirates (UAE) on Jan. 13 to complete an investment projects worth of...

EU Sets Tariff Up to 18% on Indonesian Biodiesel Imports

JAKARTA (TheInsiderStories) - The European Commission imposed countervailing duties at between 8 percent to 18 percent on imports of subsidized biodiesel from Indonesia on...

Indonesia Expanding Tax Incentives for Investors

JAKARTA (TheInsiderStories) - Indonesian government give more stimulus for investors by issued a new incentives through Government Regulation Number 78 of 2019 concerning income...

Indonesia, Thailand, Malaysia Cuts Production 800,000 MT

JAKARTA (TheInsiderStories) - Representatives from member countries of the International Tripartite Rubber Council (ITRC) of Thailand, Indonesia and Malaysia agreed to cut natural rubber production up...

Indonesia to Build 3,000 Km Toll Roads Until 2024

JAKARTA (TheInsiderStories) - Indonesian government targeting to build 3,000 kilometers (km) new toll road across the archipelago, said the head of state in Jakarta. To reach...

Indrawati Sees Indonesia’s Economic Growth 5.05% in 3Q of 2019

JAKARTA (TheInsiderStories) - Tomorrow, Statistic Indonesia will release the economic growth of the third quarter (3Q) of 2019. Finance minister Sri Mulyani Indrawati projected the...

Indonesian President Asks the Economic Ministers Create Breakthrough Programs

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo urged his economic ministers to create breakthrough programs in order to reduce the trade balance and current account deficit (CAD)....

US’s General Motors Exit from Indonesian Market in March 2020

JAKARTA (TheInsiderStories) - United States (US) car producer, General Motors (GM) announced its plans to exit from Indonesian market by the end of March 2020,...

ADB’s US$500M Loan to Support Fiscal, Public Expenditure in Indonesia

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) has approved a US$500 million policy-based loan to support Indonesia’ fiscal, public expenditure management reforms, and...

Indonesian President Appoints 12 Vice Ministers

JAKARTA (TheInsiderStories) - After appointed the ministers name on Wednesday, Indonesian President Joko Widodo announced 12 vice ministers in his "Indonesia Maju" cabinet today (10/25)....

Governments Worldwide Launched 294 Reforms in 2018 to Make Doing Business...

JAKARTA (TheInsiderStories) — Governments of 115 economies around the world launched 294 reforms over the past year to make doing business easier for their domestic...

Indonesian Govt Plans to Sell US Dollar, Euro Bonds

JAKARTA (TheInsiderStories) - Indonesian government planned to release dual-currency bonds in US Dollar and Euro based on Moody's Investors Service latest report released today (10/23)....

Breaking News: Widodo’s Cabinet Combines Young and Experienced Person

JAKARTA (TheInsiderStories) - Indonesian "Indonesia Maju" cabinet under President Joko Widodo and Vice President Ma'ruf Amin combine young and experienced peoples. 34 ministers will fill...

ADB Disburses US$100M Loans for Indonesia

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) has approved a US$100 million financial intermediary loan to Indonesia, to help catalyze private sector investments in...

Indonesia Officially Become Human Rights Council Members

JAKARTA (TheInsiderStories) - Indonesia has officially become the member of Human Rights Council (HRC) of United Nation (UN), said the minister today (10/18). The memberships...

WEF: Indonesian Competitiveness Index Dropps to 50

JAKARTA (TheInsiderStories) - World Economic Forum (WEF) announced Indonesian competitiveness index dropped to 50 compared to other countries in the world from previously in the rank...