Indonesia’s budget deficit rises to 20.1 billion USD World

Indonesia’s budget deficit rises to 20.1 billion USD

Indonesia’s Finance Ministry has announced that the country’s state budget deficit increased to 281.9 trillion Rp (20.1 billion USD) or 1.8 percent of the gross domestic product (GDP) in October 2019, higher than the same period year earlier of 229.7 trillion Rp or 1.56 percent of GDP.
Indonesian minister confirms location of new capital World

Indonesian minister confirms location of new capital

Indonesian Minister of Agriculture and Land Planning Sofyan Djalil was cited by local media as saying on August 22 that the country’s new capital would be built in East Kalimantan province on Borneo island.
ABAC backs economic integration in Asia-Pacific World

ABAC backs economic integration in Asia-Pacific

A session focusing on private enterprises and business spirit was held in Jakarta capital city of Indonesia on April 24, within the framework of the Asia-Pacific Economic Cooperation Business Advisory Council (ABAC) II Meeting.
FDI in Indonesia slows down in 2018 World

FDI in Indonesia slows down in 2018

Indonesia attracted 392.7 trillion IDR (27.86 billion USD) in foreign direct investment (FDI) in 2018, down from the 430.5 trillion IDR lured in the previous year, according to the country’s investment coordinating board.