Category: Business

Finance minister again ramps up health budget to Rp193 trillion

Jakarta (ANTARA) – The government intends to again raise the health budget to Rp193 trillion, from Rp182 trillion, in a bid to cater to the needs to handle the COVID-19 pandemic, Finance Minister Sri Mulyani Indrawati stated. Health budget in the National Economic Recovery (PEN) and COVID-19 Handling programs was

Indonesian economy to grow below 4% in Q3: economist

Jakarta (ANTARA) – Indonesia’s economic growth is likely to dip below 4 percent in the third quarter in the wake of the emergency restrictions in Java and Bali, Center of Reform on Economics (CORE) economist Yusuf Rendy has forecast. “Third-quarter growth will most likely be far below second-quarter growth. We

46 countries to help Indonesia collect taxes from overseas citizens

Jakarta (ANTARA) – At least 46 partner countries will help Indonesia collect taxes from taxpayers abroad once the bill on the amendment to the law on general provisions and taxation procedures is passed into law. Director general of taxation at the Finance Ministry, Suryo Utomo, made the remarks at a

Govt revises downward Q3 growth forecast to 3.7-4%

Jakarta (ANTARA) – Coordinating Minister for Economic Affairs, Airlangga Hartarto, has revised Indonesia’s third-quarter economic growth forecast downwards to a range of 3.7-4 percent following the imposition of emergency restrictions in Java and Bali. “Third-quarter (growth) will contract, but it will remain positive, possibly in a range of 3.07-4 percent,”

Indonesia, France bolster green and blue economy cooperation

Jakarta (ANTARA) – Indonesian National Development Planning Minister Suharso Monoarfa pressed for deepening cooperation between Indonesia and France to create a low-carbon environment, green and blue economy, as well as cooperation in financing the development of government projects. Monoarfa, concurrently the National Development Planning Agency (Bappenas) head, made the statement

Fossil energy increases CO2 and greenhouse gas emissions: UI professor

Jakarta (ANTARA) – The use of fossil energy to usher in the fourth industrial revolution, known as industry 4.0, in Indonesia increases the production of carbon dioxide (CO2) and greenhouse gas emissions, according to an economist cum environmentalist. “The key to the industrial revolution is energy. Fossil fuel is the