Jokowi

This tag is associated with 13 posts

The Case For Indonesia

By Charles Mautz, Chinus Asset Management During a recent visit to Jakarta, it was evident that Indonesians are optimistic. Investment managers, business leaders and taxi drivers all voiced their opinion that things are getting better and that the future is bright. Up to now, Indonesia has generally punched below its weight. It is often lumped together with … Continue reading

ADB, Partners To Help Energy Sector Drive Indonesia’s Growth

MANILA, PHILIPPINES – The Asian Development Bank (ADB) has approved a $500 million loan, including $100 million from the ADB-administered ASEAN Infrastructure Fund, to help stimulate Indonesia’s energy sector, support the government’s reform agenda, and unleash the sector’s potential as a key engine of sustainable economic growth. “Indonesia’s energy sector has suffered severe underinvestment due … Continue reading

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

Indonesia: Jokowi’s Cabinet Shake-Up Offers Hope, But Little Growth Impact

By Qingzhen Chen Jokowi’s revamped cabinet features experienced technocrats appointed to boost the largest economy in Southeast Asia. Domestic business insiders welcomed the cabinet reshuffle, but remain cautious as they wait for better policy coherence and direction. Just ten months into his first term, President Joko “Jokowi” Widodo replaced six ministers in a 34-official cabinet on Wednesday. … Continue reading

Is Indonesia Stuck In A Middle-Income Trap?

By Hal Hill and Haryo Aswicahyono Indonesia became a middle-income country in 2004. Indonesia’s growth rates — while superior to those of most developing countries — remain below those of East Asia’s most dynamic economies. So why hasn’t the country grown faster still and why does growth appear slower in the democratic era than that of … Continue reading

As Spending Slows In Indonesia, President Jokowi Weighs Cabinet Reshuffle

By Qingzhen Chen Indonesia is predicted to grow at a much lower rate due to slow government spending. While expectations of a new cabinet has been widely anticipated in recent weeks, President Jokowi has yet to confirm such a change as he struggles to find loyal staff. Asian Development Bank (ADB) and the World Bank have … 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’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

Indonesia’s Bold 2015 Budget Strategy

By David Nellor No more ‘business-as-usual’ is the Jokowi government’s message in the 2015 budget. Fuel subsidies have been cut, infrastructure spending is to be ramped up, and revenues are projected to rise dramatically. These three steps deliver a 1.9 per cent fiscal deficit, down from 2.2 per cent in 2014. This leaves space for … 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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