The government’s 2019 fiscal position stands in stark contrast with that of the preceding year amid weak global commodity prices and a slowdown in global trade, which contributed to disappointing tax revenue and a wider fiscal deficit. As of November, this year’s tax revenue – which includesRead more..

Bank Indonesia (BI) held the nation's benchmark interest rate steady at 5 percent on Thursday after cutting the policy rate by a total of 100 basis points (bps) in the second half of this year to fuel economic expansion. Loan growth dropped to 6.53 percent in October, further signaling weak economicRead more..

The Office of the Coordinating Maritime Affairs and Investment Minister estimates that US$137 billion worth of investment are in the pipeline for infrastructure projects across Indonesia. Most of the investment (46 percent) is slated for oil and petrochemical refinery projects, while mineral processingRead more..

Market players are upbeat that the stock market will fare better in 2020, particularly in the second half of next year, as an omnibus law and relatively stable economic growth are expected to bring positive sentiment to the market. Mandiri Manajemen Investasi president director Alvin Pattisahusiwa said thatRead more..

TEMPO.CO, Jakarta - Bank Indonesia (BI) stated that one of the strategies to boost the country’s economic growth is through the availability of adequate infrastructures, which is essential in connecting critical sectors such as economic areas, tourism spots, industrial areas, and productionRead more..