Business News
Govt, House agree on economic assumptions with growth at 5.2-5.5 percent
The House of Representatives and the government have agreed on a set of macroeconomic assumptions that will form the basis for the 2020 state budget. The agreement projects accelerating gross domestic product (GDP) growth.“Economic growth was agreed at 5.2 to 5.5 percent,” said Golkar Pary lawmaker John Kenedy Aziz when…
Indonesia looks to the seas for growth
Indonesia’s economy has been praised by the World Bank for shaking off unusually damaging natural disasters and global volatility. The Washington-based bank says coordinated and prudent macroeconomic policies have underpinned the country’s steady economic growth.Maritime sectors such as tourism and fisheries could make a larger contribution to Indonesia’s economic development…
Minister of Industry of The Republic of Indonesia Attends Italian National Day Event
Minister of Industry of The Republic of Indonesia Airlangga Hartanto attended and giving speech at the Italian National Day event at Ballroom Shangri-La Hotel at Thursday (6/20) Evening. The event coincided with 70th Anniversary of Diplomatic Relations between Italy and Indonesia. There were Italian investors and ambassadors from neighbouring countries…
Indonesia plans more tax breaks to lift GDP growth
INDONESIA plans to cut several taxes to boost investment and accelerate economic growth, said the country's finance minister, after noting the government's 2019 growth target may be hard to reach.South-east Asia's largest economy in the first quarter expanded 5.07 per cent from a year earlier, missing market expectations, leading Sri…
