by Teuvo Tuomi | Oct 30, 2024 | Economy, Indonesia, Inflation, Investment, News
Analysts are warning that Indonesia’s economy could start overheating if President Prabowo Subianto goes ahead with his plan to push the country’s gross domestic product growth to 8% per year. An overheating economy, when GDP grows unsustainably, could lead to...
by Teuvo Tuomi | Sep 25, 2024 | Indonesia, Business, Economy, News, Reports
Indonesia’s dream of becoming a high-income economy by 2045 is bleak, the World Bank says. Achieving that target in time, Indonesia would require annual gross domestic product growth of 6-7% over the next 20 years. “For middle-income countries to have high income in...
by Teuvo Tuomi | Jul 4, 2024 | Economy, Indonesia, News, Society
Coordinating Minister for Human Development and Culture Muhadjir Effendy says that Indonesia’s poverty rate in March 2024 was the lowest on record in the last ten years. “Based on Statistics Indonesia (BPS) data, the poverty rate in Indonesia stood at...
by Teuvo Tuomi | Apr 26, 2024 | Indonesia, Business, Economy, News
Bank Indonesia (BI) has raised its key interest rates in what it calls a “preemptive measure” in light of global risks caused by the uncertain outlook for monetary policy in the United States and geopolitical tensions. The central bank lifted the benchmark BI Rate by...
by Teuvo Tuomi | Jan 25, 2024 | Economy, Environment, Indonesia, News
Indonesia needs to almost triple its sugar production from the current amount by 2030 if it wants to achieve self-sufficiency, including feeding its bioethanol ambition. To realize this, Indonesia would need to reach sugar production of 9.7 million tonnes by 2030,...
