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Manpower Minister Hanif Dhakiri has inked a circular letter on the minimum wage of provinces (UMP) and regencies/cities (UMK) in 2020.
The Indonesian government is encouraging the development of creative industry particularly fashion to support the national economy.
Bappenas says that the new capital city project could boost Kalimantan's economic growth.
Industry Minister Airlangga Hartarto positively welcomed the inauguration of Esemka car assembly plant in Boyolali, Central Java.
On Wednesday, September 4, President Joko Widodo or Jokowi held a limited meeting for talks of steps to face global economic recession.
DPR deputy speaker Fadli Zon said President Jokowi set an unrealistic target that the relocation of the capital city will meet for completion in 2024.
Bank Indonesia decided to lower the benchmark 7-day reverse repo (7DRR) rate by 25 bps to 5.5 percent.
Bappenas' deputy for economic affairs, Bambang Prijambodo, criticized the effectiveness of the State Budget (APBN) realization every year.
Bank Indonesia (BI) Governor Perry Warjiyo is upbeat that Indonesia's economic growth will continue to climb.
Bank Mandiri director Hery Gunardi outlined that Indonesia has many investment products: government debt papers (SBN), state retail bond (ORI), etc.
According to Sri Mulyani, the present problem is not about the direction of the development, but rather its speed.
The government predicts that this year's economic growth would only reach 5.2 percent.
HSBC survey found that 98 percent of corporations in Indonesia predicting short-term business growth for the next year or two.
Finance Ministry official predicted 5.05 to 5.15 percent economic growth in the second quarter of 2019.
Finance Minister Sri Mulyani said that the completion of new infrastructures will be able to promote equal economic growth across Indonesia.
Coordinating Economic Minister Darmin Nasution is optimistic economic growth in the second quarter will be in the neighborhood of 5.2 percent.
The growth must also be compared to those in other countries, a Bank Indonesia (BI) official says.
President Joko "Jokowi" Widodo fill the future cabinet with professionals in their sectors, instead of those proposed by political parties.
Finance Minister Sri Mulyani Indrawati asserted infrastructure is one of the keys to boost economic growth.
A new trade war sparked by U.S. automotive tariffs has potential to do much more damage to economic growth than the U.S.-China trade issue, IMF says.
