Job Creation & Economic Growth News

World is Jealous of Indonesia`s Economy: World Bank President

World Bank President Jim Yong Kim praised Indonesia's economic growth posted last year. In a meeting with President Joko 'Jokowi' Widodo today, Kim said this achievement makes other countries jealous of Indonesia. In 2016, Indonesia's economic growth reached 5.02 percent. "Indonesia has a growth rate of more than five percent, which will make most countries in the world envious," Kim said after meeting Jokowi at the Presidential Office in Jakarta, Wednesday. In the meeting with Kim, Jokow.....

Indonesia Achieves Top 25 Food Sustainability Index

The Agriculture Ministry revealed that Indonesia is among 25 countries with top food sustainability index list released by Barilla Center for Food and Nutrition Foundation (BCFN) and the Economist Intelligent Unit (EIU). The list was released following a report on Global Food Security Index. “I received a text message, Indonesia’s agricultural index currently ranks 21st among 113 countries,” said Agriculture Minister Amran Sulaiman on Monday, July 3. Amran refers to the two types of .....

Economic Growth Not Enough to Boost Real Sector: APINDO

Indonesian Employers Association (APINDO) chairman Hariyadi B Sukamdani considered the 5.01 percent economic growth in the first quarter of 2017 is not enough to boost the real sector. "Today, Central Statistics Agency (BPS) announced that economic growth has reached 5,01 percent and we believe it is too weak to boost the real sector," Hariyadi said Friday, May 5. Hariyadi added that positive perception of our economic condition needs to be built to motivate the people to engage in economi.....

World Bank: Growth in East Asia & Pacific Likely to Remain Resilient

The outlook for developing East Asia is expected to remain broadly positive in the next three years, driven by robust domestic demand and a gradual recovery in the global economy and commodity prices, according to a new World Bank report. Poverty in the region is likely to continue to fall, driven by sustained growth and rising labor incomes. The global environment and domestic vulnerabilities, however, still pose risks to the region’s prospects. In the face of faster-than-expected intere.....

Indonesia $1 T Short in Infrastructure Budget: ADB

Indonesia needs to address a shortage in infrastructure by investing as much as $1.2 trillion by 2030 if it is serious about maintaining growth, eradicating poverty and responding to climate change, a report by the Asian Development Bank, or ADB, revealed. The report, entitled "Meeting Asia's Infrastructure Needs" and published on Tuesday (28/02), estimates total infrastructure investment needed in the Asia-Pacific region between 2016 and 2030. "The demand for infrastructure across Asia an.....

Unemployment in Indonesia

During the course of Suharto's New Order, economic development added many new jobs to Indonesia's economy, thus pushing down the nation's unemployment rate. Especially the industry and services sectors experienced major increases in its employment shares towards national employment, at the expense of the agriculture sector. Whereas in the 1980s around 55 percent of Indonesia's working population was concentrated in the agricultural sector, recently this figure has declined to 40 percent. Ho.....

Sri Mulyani: Indonesian Economic Growth is Good

Finance Minister Sri Mulyani Indrawati said that as a developing country, Indonesia has a good economic growth rate. Sri Mulyani stated that Indonesia is one of the countries with a high growth rate within the last decade. Sri Mulyani asserted that within the last ten years, Indonesia's average economic growth rate is still in the level of 5.6 percent despite suffering from the economic crisis in 2008 and 2009. "If there is a country that grows [significantly], it is an achievement," the Mi.....

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.....