The OECD expected domestic demand in Indonesia to recover in the second half, supported by easier financial conditions, contained inflation, and investments from Danantara, Indonesia’s newly established sovereign wealth fund.
Indonesian Finance Minister Sri Mulyani Indrawati has expressed confidence that the country’s economy will grow by up to 5% in 2025, despite the International Monetary Fund (IMF) having revised down its growth forecast for Indonesia to 4.7%.
The Indonesia Economic Summit, organised by the Indonesian Business Council, discussed strategies to address global economic challenges and promote Indonesia's sustainable growth.
Standard Chartered, with its 160-year legacy and unique position as the only international bank operating in all ASEAN markets, is committed to fostering sustainable development in the region.
The year 2025 is set to be a challenging year for Southeast Asian countries that are looking to boost their economic growth while the world faces economic slowdown, geopolitical tensions, and trade fragmentation, particularly new tariff by the US – the largest economy in the world.
The Indonesian Chamber of Commerce and Industry (Kadin) has launched a white paper on the proposed direction of economic development for 2024–2029 as the country has set a target of achieving an economic growth rate of 8% during President Prabowo Subianto's leadership term.
Indonesian Finance Minister Sri Mulyani Indrawati said on November 14 that the government will raise value added tax (VAT) in January next year to ensure national budget revenue.
The government of new Indonesian President Prabowo Subianto has emphasised that micro, small and medium-sized enterprises (MSMEs) will become one of the pillars of the national economy.
The Indonesian government is prioritising long-term economic growth through energy security, digitalisation, and natural resource industrialisation, according to Deputy Minister of Finance Thomas Djiwandono.
The International Monetary Fund (IMF) has projected that Indonesia's economy will grow at 5-5.1% in the 2024-2025 period and remain at 5.1% in the 2025-2029 period.
Indonesia's successful economic performance is largely thanks to the government’s strong macro-economic policy framework, which helps attract investment, World Bank (WB) Director for Indonesia and Timor-Leste Carolyn Turk said on June 24.
The International Monetary Fund (IMF) has given some comments on Indonesia’s economy as the country is undergoing a government transition from President Joko Widodo to President-elect Prabowo Subianto, at a recent press briefing on the Asia Pacific Department Regional Economic Outlook April 2024.
Indonesia's parliament on March 28 designated a special status for Jakarta, keeping the metropolis as the country's economic epicentre, as the Southeast Asian country is planning to move the capital city to Borneo island.
The Indonesian government is optimistic that the country will achieve its target of 5.1–5.7% economic growth in 2024 amid the projected global economic slowdown.
Indonesia's tourism sector could potentially generate up to 25 billion USD in additional revenue through the implementation of a visa-free entry policy for foreigners, according to Indonesian Minister of Tourism and Creative Economy Sandiaga Uno.
Indonesia's Institute for Development of Economics and Finance (INDEF) economist Eko Listiyanto projected the country's economy to grow 4.8% on an annual basis in 2024, lower than the macro assumption in the country’s 2024 State Budget of 5.2%.
Indonesia's economic projections at 5% this year are one of the highest among ASEAN and G20 countries amid the current global turmoil, according to Finance Minister Sri Mulyani Indrawati.
