Job Creation & Economic Growth News

SINERGI Inclusive Activities Facilitate Komunitas Sahabat Difabel (KSD) in Receiving the Gerbang Hebat Award

                      Opportunities for people with disabilities, especially those who are poor, to receive any sort of empowerment, let alone being received as a part of the workforce, remain few and far between. In Semarang City for example, in 2015, there were around 6,658 people with disabilities, 50% higher than in 2012, which was 3,557 people. Under this assumption, there are now approximately 10 thousand disabled peop.....

SINERGI Inclusive Training Empowers Youth, a Catalyst for Local Economic Independence

                    Located in the middle of the forest, far south of Demak District, Jragung Village is as secluded as it gets. This village is home to 9.402 people, about 17% of them poor & vulnerable youth, and is considered a poor village. Unlike other poor villages though, it does not even have its own native income source. Despite having fields that produce bananas and corns, the villagers have little to no capacity to p.....

Consumptions supported 2016 economy

The National Statistic Agency (BPS) will immediately release the report on economic realization along 2016. The performance of economic policies designed by Minister of Finance Sri Mulyani will be at stake in this report. Sri Mulyani was appointed as the Minister of Finance by President Joko Widodo in the middle of 2016. Some analysts agree that the 2016 economic growth will be better than the previous year. The economy only grew by 4.79% in 2015, the lowest during the last six years. The 2.....

How Will the Indonesian Economy Perform in 2017?

As Indonesia becomes one of the most important emerging markets in the world, its economic performance is monitored by businesses and investors around the world. The Indonesian economic grew by 5.02% in the third quarter of 2016, faring no better than the previous quarter’s growth of 5.18%, as reported by nusantaranews.co. Believed to have been affected by a decreasing trade value and export, the economic growth did not meet government’s target of 5.2%. On such target, Finance Ministe.....

Indonesia will struggle to maintain domestic consumption next year: Economist

The Indonesian government would find it difficult to maintain domestic consumption growth at 5 percent year-on-year (yoy) in 2017 if its fiscal and monetary policies continued to run at the current slow pace, an economist has said. Center of Reform on Economics (CORE) executive director Mohammad Faisal said regarding fiscal policy that despite government expenditure being significantly higher than in 2015, disbursement was not stable, even showing signs of a slow down as growth had been neg.....

Govt to Shift Electricity Subsidies to Infrastructure Projects

Energy and Mineral Resources Ministry will shift subsidies for 18.8 million customers of 900 VA electricity next year to power infrastructure projects. The scrapping of subsidies of the group of customers will save the ministry Rp20 trillion. “For infrastructure projects, including construction of new transmission lines,” Director General of Electricity M Jarman said yesterday, December 4, in a discussion on electricity subsidies in Jakarta. Jarman confirmed that the Government will bas.....

KIK to Boost C. Java Contribution to Indonesia`s Economy

The government expects the development of Kendal Industrial Park (KIK) to be sped up in a bid to boost Central Java’s contribution to national economy. “Because Central Java’s contribution to national economy is still around 9.7 percent or behind West Java with 27 percent and East Java with 18 percent,” Industry Minister Airlangga Hartarto said in a written statement in Jakarta on Monday, November 14, 2016. Therefore, Industry Ministry and Central Java provincial government have in.....

RI struggles to achieve infrastructure target

In the past, having a decent house was merely a dream for Dersinah, 51. Working as a farmer with an uncertain monthly income forced her to live in a shanty.Things have since changed after she received assistance from the Public Works and Public Housing Ministry to revamp her house through a program called self-help housing assistance (BSPS). Now she lives in a decent house. The ministry is responsible for managing the country’s public infrastructure, including housing for 2 million people.....

Indonesia One of the Strongest Emerging Markets: Templeton

Last week, the Indonesian economy surprised observers and policymakers alike with its strongest growth in the last ten quarters. But for Michael Hasenstab, the chief investment officer at global fund manager Franklin Templeton Investments, that may be just a small vindication for a long-held belief. Amid rising uncertainties haunting a fragile recovery of the global economy, Hassenstab has always viewed Indonesia among the few economies that still offer robust growth, thanks to the country.....

Asian Development Bank Cuts GDP Growth Forecast Indonesia

Regional development bank Asian Development Bank (ADB) has become slightly less optimistic about Indonesia's economic growth in the years 2016 and 2017, although the Manila-based institution emphasizes that Southeast Asia's largest economy remains growing at a healthy pace. In its latest Asian Development Outlook 2016 the ADB cut its forecast for Indonesia's economic growth to 5.0 percent (y/y) in 2016 (from 5.2 percent previously) and to 5.1 percent (y/y) in 2017 (from 5.5 percent previousl.....