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Indonesia’s Policy Package Met With Skepticism
By Alexander Scherpf, Global Risk Insights Indonesian President Joko Widodo has rolled out the first of three policy packages aimed at deregulating the economy. The policies have been met with skepticism, however, as Widodo’s administration has thus far proven unable to deliver on promised changes. In a short address to the public, Indonesian president Joko Widodo … Continue reading
Indonesian President Widodo Vows “Massive Deregulation” To Boost Sentiment, Revive Investment
Indonesia’s President Joko “Jokowi” Widodo has vowed for a quick “massive deregulation” on Wednesday in order to boost sentiment and revive investment as growth in Southeast Asia’s largest economy expands at the weakest pace since 2009 amid a plunge in commodity prices. “We need to carry out massive deregulation and introduce new regulations that will really create a good climate … Continue reading
De-Dollarization: Indonesia’s Central Bank Bans Foreign Currencies In Domestic Transactions
Indonesia will ban the use of foreign currencies in its domestic transactions in a move which has drawn criticism, according to a report from The Wall Street Journal (WSJ). Indonesia will ban the use of foreign currencies in its domestic transactions, according to The Wall Street Journal (WSJ). According to the WSJ, Indonesia’s Central Bank has pushed through regulations that will prohibit using … Continue reading
Indonesian President Widodo Vows To Keep Stock Momentum Alive
Indonesian President Joko “Jokowi” Widodo said on Tuesday that the positive trend of Jakarta Composite Index (JCI) in the Indonesia Stock Exchange (IDX) was evidence of good investor trust in Indonesia and vowed to maintain market momentum with infrastructure spending and implementing policies to boost growth, the Nikkei Asian Review reports. Visiting the Indonesia Stock Exchange (IDX) on Tuesday, … Continue reading
Indonesia Revokes 6,541 FDI Licences With Investment Plans Of $23 Billion Due Lack Of Progress
The Indonesian government has revoked a total of 6,541 investment permits that were issued between 2007 and 2012 to foreigner investors who had planned to invest a total of $23 billion in the nation, The Wall Street Journal (WSJ) reported on Thursday. Franky Sibarani, the head of the official Investment Board, which promotes investment and issues licenses … Continue reading
Indonesia’s Surprising — Yet Justified — Interest Rate Cut
By David Nellor The Bank Indonesia (BI) surprised everyone when it eased monetary policy at its February meeting. Moving into line with global trends, it cut the policy interest rate by 25 basis points to 7.5 per cent, even though analysts had predicted no change. While the change is surprising, it has a sound rationale … Continue reading
Optimism On The Rise In Indonesia
By David Nellor A greater sense of optimism prevails in Indonesia about the economy in 2015 than a year ago, even though the reality is now more challenging. Growth is slowing, business costs are on the rise, and key economic vulnerabilities persist. In simple terms, the new government of President Joko Widodo (Jokowi) has been … Continue reading
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