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Search resuls for: "Josua Pardede"


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Prabowo Subianto, Indonesia's presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. JAKARTA — Indonesia's Defense Minister Prabowo Subianto is set to become the next president in October after voters handed him a strong mandate at the Feb. 14 election. Under Widodo, Indonesia's gross domestic product has grown steadily at around 5% over the past decade — barring the pandemic years of 2020 to 2021. "Because at the end of the day, the voters will compare the economic policies which have been delivered well by the incumbent president with the next president." On the campaign trail, Prabowo's discussions on economic policy were limited, and mainly focused on promises to continue the Widodo administration's signature downstreaming policy.
Persons: Prabowo, Prabowo Subianto, Gibran Rakabuming Raka, Joko Widodo, who's, Josua Pardede, Peter Mumford, Erick Thorir, CNBC's Martin Soong Organizations: JAKARTA — Indonesia's, General, Commission, Investors, Permata Bank, Eurasia Group, CNBC Locations: Jakarta, Indonesia, JAKARTA, Asia
Increasingly, voters are demanding that the men vying to succeed him address the tradeoffs between fast growth and a healthy environment in the world's fourth most populated country. In recent years, surging commodity prices have fueled fast economic growth and helped Indonesia become a middle-income country. That growth is expected to slow as the boom loses steam, according to a World Bank report. “That means, if the government forces its development, it will involve inefficient and unproductive allocation of resources.”Another campaign issue: food estate programs, massive plantations the government set up to fortify national food security. INDONESIA’S ENERGY TRANSITIONIn 2021, coal-rich Indonesia was the world’s ninth-largest source of carbon emissions that are causing global warming, according to a report by the International Energy Agency.
Persons: , Joko Widodo, It's, Joko Widodo —, Prabowo Subianto, Josua Pardede, , Arianto Patunru, Baswedan, Bhima Yudhistira Adhinegara, El Organizations: Permata Bank, EV, Australian National University, of Economic, Law Studies, International Energy Agency, World Bank, Youth, Bank, El Nino, AP Locations: JAKARTA, Indonesia, Jakarta, Nusantara, Borneo, Anies, Central Java, Widodo, Washington, Kalimantan
President Joko Widodo's budget for 2024, his final year in office, targets expenditure at 3,325.1 trillion rupiah ($216.27 billion), up 6.45% from 2023's outlook to account for higher energy subsidies amid rising global oil prices. The fiscal budget proposal was approved by the budget committee chaired by Said Abdullah. Finance Minister Sri Mulyani Indrawati highlighted the risk of rising global crude oil prices to the budget next year. The committee approved a revision to the total energy subsidies by about 2% higher to 189.1 trillion rupiah versus 185.9 trillion rupiah in the initial proposal. For 2024, the budget assumes a lower inflation at 2.8% versus 3.1% in 2023'outlook and a slightly higher economic growth at 5.2% compared to 5.1% in the 2023's outlook.
Persons: Joko, Said Abdullah, Sri Mulyani Indrawati, Sri Mulyani, Josua Pardede, Josua, Stefanno Sulaiman, Kanupriya Kapoor, Martin Petty Organizations: El, Finance, Bank Permata, El Nino, Thomson Locations: El Nino, JAKARTA, Indonesia's
Workers are seen on a ship carrying containers at Tanjung Priok Port in Jakarta, Indonesia, January 11, 2021. REUTERS/Willy Kurniawan/File Photo Acquire Licensing RightsSummary Trade data due at 0200 GMT on Friday, Sept 15JAKARTA, Sept 14 (Reuters) - Indonesia's trade surplus in August likely widened slightly from a month earlier amid falling imports, even as exports were expected to remain weak, a Reuters poll showed on Thursday. The median forecast of 19 economists surveyed was for Southeast Asia's biggest economy to book a surplus of $1.55 billion, versus $1.31 billion in July. Indonesia's exports and trade surplus have been shrinking as prices of its top commodities, like coal and palm oil, fall and global demand weakens. Weak exports have also hit economic growth in the last quarter.
Persons: Willy Kurniawan, Josua Pardede, Veronica Khongwir, Susobhan Sarkar, Stefanno Sulaiman, Kanupriya Kapoor Organizations: REUTERS, Southeast Asia's, Bank Permata, Thomson Locations: Tanjung Priok Port, Jakarta, Indonesia, JAKARTA
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