Indonesia subsidises fuel for fishing vessels to boost blue economy
Indonesian President Prabowo Subianto has approved a preferential fuel price of 15,000 IDR (0.83 USD) per litre for fishing vessels with a gross tonnage of 30–200 GT.
Indonesia's economy contracts for first time in two decades
Indonesia's economy contracted in the second quarter for the first time in more than two decades as it was slammed by coronavirus restrictions, with warnings that the recovery could be among the weakest in Southeast Asia.
Indonesia’s growth rate probably hits five-year high: poll
Indonesia probably enjoyed an economic growth rate of 5.15 percent last year, the fastest pace since 2013 and higher than the 5.07-percent rate in 2017, a recent poll forecasts.
Pressure on rupiah not yet over in short term: Minister
Indonesian Coordinating Minister for Economy Darmin Nasution said the pressure on rupiah would not yet be over although it is relatively stable hovering in a narrow range of 14,500-14,600 per US dollar after dropping to the level of 15,000 rupiah per US dollar a few weeks ago.
ADB forecasts Indonesia’s growth at 5.3 percent this year
The Asian Development Bank (ADB) projected that Indonesia's economy will grow by 5.3 percent annually in 2018 and 2019 thanks to improving investment and household consumption.
Indonesia worries about economic prospects in 2018
Indonesian Minister of Finance Sri Mulyani has warned of global risks that could affect the country's economic situation as well as its efforts to reach the development targets in 2018, the Antara news agency reported on September 8.