Home Tags State budget

Tag: state budget

Indonesian Govt Inject Capital US$464M to PLN

JAKARTA (TheInsiderStories) - Indonesian government injected fresh capital Rp6.5 trillion (US$464.2 million) to state-owned power producers, PT Perusahaan Listrik Negara (PLN), said the government...

Morning Briefing: Indonesia Expects Tax Revenue Grow 12% in 2020

JAKARTA (TheInsiderStories) - Indonesian Ministry of Finance hope the tax revenues could grow around 12 percent in 2020. This projection takes into account a number of factors that...

Indonesia Raises US$1.62B from Samurai Bond Issuances

JAKARTA (TheInsiderStories) - Indonesian government has raised ¥177 billion (US$1.62 billion) funds from six series of Samurai bond sales, finance ministry reported today (05/16). This make...

Unites States Deficit Widened to US$234B in February

JAKARTA (TheInsiderStories) – United States (US) experienced the biggest monthly budget deficit to US$234 billion, amid a 20 percent decline in corporate tax revenues and...

Indonesia Targets US$714.28 M from Retail SUKUK

JAKARTA (TheInsiderStories) - Indonesian government officially launched Retail SUKUK series SR-011 and hoped to raise fund of US$ 714.28 million (Rp 10 trillion) from...

Indonesia’s MoF Assesses Financial Liquidity Collaboration

JAKARTA (TheInsiderStories) – The government through Ministry of Finance (MoF) conducting a study of policies that enable the Public Service Agency to collaborate in the...

Morning Briefing: May to Meet Juncker Today

JAKARTA (TheInsiderStories) – Good morning! British Prime Minister Theresa May to meet European Commission (EC) leader Jean-claude Juncker today to take the latest stated of...

Insight: Indonesia’s Budget Policy Unsupported Risk of Disasters

JAKARTA (TheInsiderStories) – Grief due to natural disasters has struck Indonesian over the past year. Earthquakes have claimed the lives of thousands of citizens...

Indonesia Considers to Remove Luxury Homes Taxes to Drive Property Business

JAKARTA (TheInsiderStories) - Indonesian government considers to remove the tax on the purchase of luxury homes to encourage the growth of the property business. Currently, the...

14 Indonesia’s Railway Projects Finances with Government SUKUK

JAKARTA (TheInsiderStories) - 14 railway projects in Java, Sumatra and Sulawesi has financed with the State Sharia Securities (SUKUK) with worth of Rp7.1 trillion (US$489.66 million),...

Weekly Briefing: Return to Normalcy hoped as Presidential Candidates Declared

JAKARTA (TheInsiderStories) - Good morning. The declaration of two Presidential candidates and their pairs last week is expected to clear a lot uncertainties for market participants. The...

Indonesian Govt. will not Revise 2018 State Budget

JAKARTA (TheInsiderStories)--Indonesian government decided not to revise the 2018 state budget although some assumption including rupiah currency against US Dollar and oil price are...

State Budget Review: Indonesia Proposes the Revision This Month

JAKARTA (TheInsiderStories) - Ministry of Finance (MoF) of Republic Indonesia will propose the revision of the 2018's State budget to the parliament by the end...

Industry Minister Asks US$185M Additional Budget for Industry 4.0

JAKARTA (TheInsiderStories)—Industry Minister Airlangga Hartarto proposed for an additional US$185,2 million (Rp2.57 trillion) in the 2019 state budget to support the government's program on...

Policy Update: Indonesia Will Raises Diesel Subsidy in 2019

JAKARTA (TheInsiderStories)—Indonesian government will raise diesel subsidy from Rp500 per liter to Rp2,000 per liter in 2018's State budget to support people’s purchasing power...

Indonesia Will Impose Liquid Tobacco Tax 57% Starting July

JAKARTA (TheInsiderStories) - Indonesia will impose a 57 percent excise tax on liquid tobacco starting July, 1, instead of banning an electronic cigarette, a...

Government, Lawmakers Agree 5.2%-5.6% GDP Growth

JAKARTA (TheInsiderStories)—The government and lawmakers has approved the macroeconomic assumptions in the 2019's State budget with a lower economic growth target of 5.2 per...

Bank Indonesia Sees 5.2%-5.6% GDP Growth in 2019

JAKARTA (TheInsiderStories)—Bank Indonesia (BI) estimated economic growth in the range of 5.2 per cent to 5.6 per cent in 2019, lower than government’s target...

Indonesia Raises ¥100 billion from Samurai Bond Issuances

JAKARTA (TheInsiderStories)-- The Ministry Finance (MoF) of Indonesia has issued Samurai Bonds of ¥100 billion (US$912 million) on Thursday (24/5), equal to the issuance of last...

Is Indonesia’s Education Budget Keeping Up with Industry 4.0?

JAKARTA (TheInsiderStories)— While the Indonesian government had set a 20 per cent mandatory allocation of the state budget to education, it remains to be...

Oil Price Spike Poses a Dilemma for Indonesia

JAKARTA (TheInsiderStories)- Rising oil price will bring positive impact to the oil and gas investment and higher state revenue, but on the other hand,...

Govt Aims 5.8% GDP Growth in 2019

JAKARTA (TheInsiderStories) - Minister of Finance Sri Mulyani Indrawati said on Friday (18/5) the government had set the target of economic growth in 2019 in...

Indonesia Offers Saving Bonds to Attract Retail Investors

JAKARTA (TheInsiderStories) -Indonesian Finance Ministry officially issued the Indonesia Retail Savings Bond (SBR) 003 on Monday (14/05), which is aimed to increase the number...

Indonesia Seeks Alternatives to Sell Bonds Amid Volatile Market

JAKARTA (TheInsiderStories) - Indonesian Ministry of Finance will seek alternate funding channels in responding the rising of country's bond yields due to current global situation. On...

Indonesia Raises US$2B From Dual Currencies Bond Sale

JAKARTA (TheInsiderStories) - Indonesia has raised US$1 billion and one billion Euro ($1.24 billion) in a dual-currency bond sale, the finance ministry said in statement...

Indonesian Gov’t to Revise Macro Economics Assumption

JAKARTA (TheInsiderStories) - Indonesia plans to revise the macro assumption in the State Budget of 2018 to better reflect the recent development, Finance Minister Sri...

Policy Review: Raising Fuel Subsidy Will Keep Indonesia’s Sovereign Rating

JAKARTA (TheInsiderStories) - Indonesian government's plan to raise energy subsidy in the State Budget will likely help maintain Indonesia's sovereign rating outlook from international rating...

Policy Review: Global Oil Price Could Hurt Indonesian Economy

JAKARTA (TheInsiderStories) - The Organization of the Petroleum Exporting Countries (OPEC) has forecast that the global oil prices will continue to remain stable in 2018....

Moody’s: Indonesia’s Credit Profile Balances Stable Growth

Singapore -- Moody's Investors Service says that Indonesia's (Baa3 positive) credit profile is supported by narrow fiscal deficits, low government debt, a large economy and healthy...

Oil & gas Sector Shows Mixed Performance in 2017

JAKARTA (TheInsiderStories) - The performance of oil & gas sector delivered a mixed performance in 20017, with state revenues higher than targeted, while oil...