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January
Sri Mulyani Devides 3 Main Strategies for Fiscal Policy in 2018
Written by Andy Romdoni/Ani Hasanah
Finance Minister Sri Mulyani Indrawati stated that in 2018, the development programs will be focused on improving welfare and reducing poverty. To achieve such goals, the ministry will lead economic reform agenda including in the fiscal aspect of 2018. Sri Mulyani mentioned that 2018 fiscal policy is still directed at three main strategies including optimizing revenue, improvement in the quality of expenditure and cautious, sustainable financing. By doing so, state budget (APBN) management will be strengthened. Such strategies are devised to support healthy economic growth at the level of 5.4 percent and decrease in unemployment to 5–5.3 percent. Sri Mulyani stated in Malang on Friday that the level of poverty is to be reduced to under 10 percent, and Gini ratio to 0.38. Currently, Indonesia is one of the countries with the lowest level of debt in the world. Sri Mulyani concluded that Indonesia needs to maintain state budget deficit only for productive purpose to ensure debt payment and this is the responsibility for the future generation. (tempo)
January
Jokowi, JK Dissatisfied with 10 pct Foreign Investment Growth
Written by Andy Romdoni/Ani Hasanah
President Joko Widodo (Jokowi) and Vice President Jusuf Kalla are still dissatisfied with the growth of foreign investment in Indonesia that is still far behind other countries. According to Head of the Investment Coordinating Board (BKPM) chairman Thomas Tri Kasih Lembong, foreign investment in Indonesia grew 10 percent in 2017, but neighboring countries can rise 30 to 40 percent. Lembong said that this is unacceptable to the President and Vice President. He added that the BKPM aims to keep the good momentum this year. The position of Ease of Doing Business (EoDB) will be pushed from 72 to 40. Nevertheless, he continued, such efforts cannot be executed instantaneously. He went on by saying that it requires quality improvement of 10 EoDB components ranging from electricity access, ease of building permit, the legal system, to digitizing a number of support systems. (tempo)
January
AISI Forecasts 3 to 4 percent Rise in Motorcycle Sales
Written by Andy Romdoni/Ani Hasanah
The Indonesian Motorcycle Producers Association (AISI) targets an increase in motorcycle sales this year to reach 5.9 to 6.1 million units. AISI spokesperson Sigit Kumala told Tempo recently that they predict that sales will rise 3 to 4 percent. He explained sales will rise along with the issuance of several policies. Such as higher charges for vehicle registration certificate and vehicle ownership document, the policy from Financial Services Authority and no increase in fuel price this year. In 2017, motorcycle sales dropped. From January–November, the sales decreased to slightly lower than the sales of the same period in the previous year which was 5.49 million units.///(tempo)
January
Government supports Egy to play in Europe
Written by Andy Romdoni
The Youth and Sports Affairs Ministry has expressed its support to Egy Maulana Vikri, a top player of Indonesia`s under-19s national soccer team to become a professional player in Europe. The Youth and Sports Affairs Minister Imam Nahrawi said that the ministry will support Egy`s ambition to play in Europe and other part of the world. They make room for him to choose which club and country are appropriate. The minister made the statement in a gathering with the players of Timnas U-19 recently. Egy (17) is currently studying in the Sports Vocational Schools (SKO) in Ragunan, Jakarta. The minister explained that Egy of course has consideration to choose a certain football club and country in Europe, such as the aspects of psychology and language. He still has one to two months to decide the club and the country to play with. Nahrawi, however, reminded Egy, despite the support, to be ready to strengthen the national football team if the country needs him. He noted that playing everywhere is a citizen`s right, but if the national team needs him, including in the 18th Asian Games games, Egy must go home and strengthen the national team. In addition to Egy, the Youth and Sports Affairs Ministry will also supports other young players to play abroad in a bid to get additional experience and technical capability. (antara)