Indonesian Economy Resilient and Strong: Chief Economy Minister

... farmworkers, which account for 29 percent of Indonesia's workforce ... level in 2019. "Our current account deficit was under control at $ ... outbreak," Airlangga said. Indonesia has banned all travelers ... , the minister said, Indonesia was quite fortunate because the ...

Jokowi Says EU Palm Oil Restrictions Are 'Act of Trade War'

... Widodo tweeted on Saturday. "Indonesia has 13 million hectares of ... oil as "unsustainable material." Indonesia – the world's top ... five years, its current account is still in deficit. "We can't ... Trade Organization (WTO) against Indonesia for banning nickel ore ...

Indonesia Receives $16b Foreign Capital in 2019

... announced on Friday. Bank Indonesia also confirmed the rupiah ... in 2019 and expected Indonesia's foreign reserves would ... month. Bank Indonesia Governor Perry Warjiyo said Indonesia's foreign ... the same period, the current account deficit was minus $7.7 billion ...

Jokowi Launches B-30, Upgraded Biofuel Program to Save $4.5b in Foreign Reserves

... president said would significantly reduce Indonesia's reliance on fossil fuel ... amount that will ease our current account deficit," Jokowi said at the launch ... on oil imports. He said Indonesia is the world's largest ...

Jokowi Puts High Hope on Tuban Refinery Revival to Cut Indonesia's Petrochemical Imports

... Indotama, now a subsidiary of Indonesia's state-owned energy company ... and oil fuel imports cost Indonesia $12.4 billion in the ... to the country's persistent current account deficit. The new refinery would slash ...

Disrupt My Oil Import Reduction Program and I Will 'Bite' You: Jokowi

... trade balance and current account balance," the president said. Indonesia's trade balance ... following an all-time record deficit in April. It also compared ... a revised deficit of $164 billion in September. But cumulatively, Indonesia still ...

Indonesia's Current Account Deficit Narrows in Third Quarter

Jakarta. Indonesia's current account deficit narrowed in the ... loan payments abroad. The current account — the broadest balance ... . Improvement in the current account deficit was also backed by ... supported by a manageable current account deficit in 2019 and 2020 ...

'Stop Importing Hoes': Jokowi

... 2016 issued a permit to Indonesia Trading Company (PPI) ... as well," Jokowi said. Indonesia has suffered from trade ... 're running a current account deficit, a trade balance deficit. We keep importing ... products and services into Indonesia. Jokowi said too much ...

Dovish BI Cuts Interest Rate for Fourth Time in Four Months

... of global economic moderation." Bank Indonesia projected the largest economy in ... percent a month earlier. Bank Indonesia expects inflation will be somewhere ... . "Looking forward, Bank Indonesia projects a manageable current account deficit in 2019 and 2020 ...

Jokowi Retains Sri Mulyani as Finance Minister

... policies to tackle the current account deficit and the trade deficit. "We need to ... SMEs and creating more jobs. "Indonesia is facing global uncertainties and ...