By: Toni Ervianto*)
Can we Reach 6.1% Economic Growth in 2018?
President Joko "Jokowi" Widodo has instructed his Cabinet to reach 5.4 to 6.1 percent economic growth in 2018. "With the global economy healing, we must be brave enough to raise our economic growth target between 5.4 and 6.1 percent," he said during the opening of a Cabinet meeting on Wednesday. Jokowi called on his Cabinet to be optimistic, but realistic, when composing the 2018 state budget draft. Furthermore, he called on his government to think and act outside the box in order to achieve their target. "All the ministries must work hard and implement concrete steps. They should not just work in a routine business-as-usual manner," he said. Jokowi said earlier that the preparations for 2018 must take into consideration important factors like raising the growth of consumption by 5 percent, exports by 4 percent, imports by between 2 and 3 percent and investments by more than 10 percent.
|Number of visits by foreign tourists to Indonesia up 26.58 percent|
The number of visits by foreign tourists to Indonesia rose 26.58 percent year-on-year to 1.03 million in January, 2017, the Central Bureau of Statistics (BPS) said here on Wednesday.
|By: Wira Arif Budiman |
|Implementation of Economic Liberalism in Indonesia: Compatible or Incompatible?|
Basically, liberalism does not aim to make a country's economy into crisis. There are some things in liberalism that have a positive impact for the people,such as fostering creativity, innovation and initiative in taking advantage of opportunities. Everyone is free to have his or her own production resources. Moreover, competition makes the goodsthat sold to the market has a high quality and competitive prices, so that consumers have many options to buy what they want.
|Jeff Gundlach sees relief for Treasury bonds after Trump-inspired tantrum|
Jeffrey Gundlach of DoubleLine Capital, one of the few high-profile money managers to predict a Donald Trump win, on Friday suggested that the Treasury sell off that has hammered yields is about 80% done.
|Govt records Rp 500 trillion assets in tax amnesty program|
The government has recorded the declared and repatriated assets as totaling Rp 500 trillion (US$37.9 billion) from the tax amnesty program, where it has pocketed Rp 19.4 trillion in penalty payments of the Rp 165 trillion target. Meanwhile, the repatriated funds have reached Rp 23.5 trillion, The Jakarta Post reported.
|The Surge of Foreign Workers in AEC Era|
The chair of Federasi Serikat Pekerja Kimia Industri dan Pertambangan (FSPKIP) Cilacap, Agus Hidayat, in an ifthar event with Minister of Manpower and Transmigration Hanif Dhakiri at the Ministry’s Regional Office in Cilacap, suggested some violation regarding the existence of Chinese workers in some big projects in Cilacap.
|Strenghtening Defense Capabilities Are Need to Guard Our National Economic Progress|
During a limited Cabinet meeting that was held on board the Imam Bonjol warship in the Natuna waters on Thursday, President Joko “Jokowi” Widodo asked the Indonesian Military and the Maritime Security Board (Bakamla) to upgrade their capabilities to safeguard Indonesian territorial waters. “I ask the military and Bakamla to upgrade their capabilities to safeguard our territorial waters in terms of technology, equipment, radar and preparedness,” Jokowi said in a statement distributed to the media.
|The Indonesia's Government Efforts to Boost A National Economic Progress|
President Joko “Jokowi” Widodo had instructed the National Development Planning Agency (Bappenas) and the Investment Coordinating Board (BKPM) to establish financing schemes, or business plans, for strategic projects. The decision was made to facilitate financing issues the government was facing in implementing 225 projects.
|Minister revises down growth assumption in 2017 budget|
Indonesia's finance minister told parliament on Friday the 2017 state budget will assume economic growth of between 5.3 percent an 5.9 percent for the year, slightly lower than the government's initial forecast of 5.5 percent to 5.9 percent.
|Optimism Post the Arrest of Samadikun Hartono|
So far, there is an apriority among the society that the government has never been serious in handling corruption fugitives who flee abroad after robbing trillion rupiah of our money. A number of corruption suspects especially the high rank officials in banking sectorhave successfully run away abroad avoiding the Law. According to Indonesian Corruption Watch (ICW), there are more than 45 corruption fugitives both who are still in Indonesia and who have run to other countries. Some of them are Djoko Tjandra (Bank Bali case resulting Rp 546 billion loss), Eddy Tansil (fictitious export case resulting Rp 1,3 trillion loss), Bambang Sutrisno (BLBI case involving Bank Surya with Rp 1,5 trillion loss), and Sudjiono Timan (BPUI corruption case resulting US$ 126 million loss).
|World Bank Estimation Doesn’t Impact to Indonesia’s Economic Progress|
The president of the World Bank on Thursday (14/4) lamented the weak state of the global economy and warned that the kind of tax evasion exposed in the Panama Papers investigation is fueling poverty around the world. Jim Yong Kim said the World Bank has slashed its forecast of global growth this year to 2.5 percent from 2.9 percent.
|Author : Hendrajit, Dkk |
|Japanese Militarism : Japan, Between Love And Resentment|
A book entitled Japanese Militarism and Its War Crimes in Asia Pacific Region (Hendrajit, ed) was recently sent to me, by the publisher, The Global Future Institute. No doubt, this book made me re-think and recollect my trip to Japan in 1996. At that time, I was warmly received by Japanese families who became my host, invited to travel to various places, and bought souvenirs. The psycological effect of my short visit is that it is hard to imagine that the Japanese people were cruel ones, perpetrators of the massacre of our ancestors, raping Indonesian girls, making them as prostitutes and enslaving our grandfathers to work on various projects.
|Read More » |