#Macroeconomics
Indonesia opens carbon trading to global market, faces challenges in “boosting interest”
Deputy Minister of Environment, Diaz Hendropriyono, says that Indonesia's carbon trading or exchange has begun to open to the international market but apparently fails to lure the interest of market players.
BI boosts macroeconomic liquidity incentives to Rp295T for priority sectors
Governor of the Indonesian Central Bank (BI), Perry Warjiyo, said the monetary authority is determined to strengthen the effectiveness of the macroprudential liquidity incentive (KLM) policy implementation.
Shrinking Indonesian middle-class signals challenges for consumer growth, job creation
Indonesia's middle class, once the backbone of the country's economic growth, is showing signs of strain, leaving many businesses and policymakers concerned about the future, a report by Financial Times revealed.
Airlangga Hartarto, from business to politics
Airlangga Hartarto is one of senior ministers under President Joko Widodo. He holds the position as the Coordinating Minister for Economic Affairs for the period of 2019-2024. A businessman by trait, Hartarto had connections with the New Order, by holding various positions during the reign of Soeharto. Hartarto has principles that have always made him successful in his business and later in politics, particularly things he learns from Mahatma Gandhi. As such, his principles are to avoid the seven things, namely, wealth without work, pleasure without consciousness, knowledge without character, business without morals, science without humanity, appreciation without sacrifice, and politics without principles. During his time, he held many companies, notably the Sorini Corporation, Bhisma Narendra, Jakarta Prima Crane, and Fajar Surya Wisesa. His success during the New Order and his experiences made him a prime candidate for Jokowi's cabinet.
Agung Firman Sampurna, serving the public through State Audit Body
Agung Firman Sampurna was born in Madiun, in 1971. He is the head of the Supreme Audit Body (BPK) for the period of 2019-2024. He is married to Dian Anggaraini and has one child named Rachmat Saputra. Early in his life, he started studying at State Elementary School (SDN) 65 Palembang and graduated in 1984. Then continued his studies at State Junior High School (SMPN) 1 Palembang and graduated in 1987.
Indonesia's economic growth in 2024 misses target
Statistics Indonesia (BPS) reveals that Indonesia's economic growth throughout 2024 was recorded at 5.03 percent, lower than the previous year's 5.05 percent and still below the target of 5.2 percent set in the 2024 State Budget (APBN).
2024 State Budget deficit reaches Rp507.8 trillion, 2.29 percent of GDP: Sri Mulyani
Minister of Finance, Sri Mulyani Indrawati, reveals that the 2024 State Budget (APBN) recorded a deficit of Rp507.8 trillion (US$31.3 billion), equivalent to 2.29 percent of Gross Domestic Product (GDP), but still better than the projected deficit for the first semester of 2024 at2.7 percent of GDP.
Macroeconomic assumptions for 2024 miss on Target, growth at 5 percent
Minister of Finance Sri Mulyani Indrawati has reported that the realization of the basic macroeconomic assumptions for 2024 completely missed the target set in the 2024 State Budget (APBN), with economic growth in 2024 at 5 percent, lower than initial assumption of 5.2 percent.
President sets Rp13 T in investment target for 2024-2029, to boost economic growth
President Prabowo Subianto has set the target of Rp13,032 trillion (US$803 billion) in investment for the 2024-2029 period to create more jobs domestically and promote economic growth.
Economy projected to grow 5% next year, early de-industrialization in the spotlight
Indonesia's economic growth is estimated to remain stagnant at 5 percent in 2025 amidst the absence of a policy strategy capable of freeing the industrial sector from the trap of early deindustrialization.
Indonesia increases GDP fourfold in two decades: IMF
Indonesia has recorded extraordinary achievements in the last two decades by managing to increase gross domestic product (GDP) fourfold and reduce poverty rates tenfold.
Balancing strategies for Indonesia's beef and milk self-sufficiency
By Dyah Maharani