The government is pushing for digital transformation in a bid to boost efficiency and cut operational costs as it lags behind other countries in implementing digital regulations and services. The coronavirus pandemic has accelerated the country’s digital transformation, according to Deputy Finance Minister Suahasil Nazara, who said that the government should make digital transformation its […]
Read MorePresident Joko “Jokowi” Widodo has called on local administrations to accelerate their regional budget spending to help boost the economy after Indonesia’s gross domestic product (GDP) contracted in the second quarter. About Rp 170 trillion (US$11.5 billion) in funds from local administrations were left sitting in banks, waiting to be disbursed, he said. “I am optimistic […]
Read MoreINDONESIA is accelerating disbursement of some US$50 billion in fiscal stimulus to revive consumer spending and prevent South-east Asia’s largest economy from sliding into a recession. The government will pay 28.8 trillion rupiah (S$2.7 billion) to civil servants and state pensioners as a 13th month salary starting this week, Finance Minister Sri Mulyani Indrawati said. […]
Read MoreCredit ratings agency Fitch Ratings has affirmed Indonesia’s long-term foreign currency issuer default rating at “BBB with a stable outlook”, the lower medium investment grade. Fitch cited a favorable medium-term growth outlook and low government debt-to-GDP ratio against high dependence on external financing among the reasons for retaining the rating, but also noted issues around […]
Read MoreA week after it launched the COVID-19 wage subsidy program, the government announced on Monday that it had increased the scheme to cover a total of 15.7 million workers to spur household consumption and prevent the economy from slipping further. From its initial target of 13 million workers, the government increased the number of targeted recipients by an additional 2.7 […]
Read MoreThe Energy and Mineral Resources Ministry has appointed Ridwan Djamaluddin as the ministry’s number one man in regulating Indonesia’s mining industry. Energy minister Arifin Tasrif inaugurated the geologist-by-training on Monday as the ministry’s new mining director general, an echelon one-level bureaucrat, which is a rank just below a minister. Arifin tasked Ridwan with implementing the […]
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