Indonesia

In the third quarter, Indonesia experienced its first downturn in more than two decades and millions of people lost their jobs over the past year as the Covid-19 pandemic ravaged the largest economy in Southeast Asia. As household consumption dropped while spending also fell in the third quarter, official statistics shows, the gross domestic product ( GDP) shrank by a …

As one of the major greenhouse gas emitters in the world, Indonesia is turning to green finance markets to support new construction ventures that it promises will be environmentally and socially sustainable. The country joins a rising number of developing countries in issuing these green and sustainable bonds, aiming to cater to foreign buyers who are ecologically and socially responsible. …

A recent vexed omnibus law, which has triggered huge demonstrations around the world by some who see it as eroding labor rights and undermining environmental security, has been backed by Indonesian President Joko Widodo. On Oct 5 and signed off by the president on Nov 3, the Job Creation Bill, which covers 1,187 pages, was passed in Parliament. And if …

Indonesian President Joko Widodo finally broke his silence and denounced what he called “terrorist” attacks in France, but also cautioned that President Emmanuel Macron’s remarks had insulted Islam and hurt Muslim solidarity everywhere. In Indonesia, the world’s largest Muslim-majority country, radical Islamic groups have called for demonstrations and boycotts against France, sharing Mr. Macron ‘s image as a red-eyed devilish …

In the 2024 presidential election, the United Development Party is exploring the possibilities of endorsing former Jakarta deputy governor and businessman Sandiaga Uno, with several members of his branch executive board advocating his candidacy for chairman of the PPP. For this reason, Arsul Sani, Secretary-General of the PPP, said the party was looking for a figure who could represent Islam …

President Joko Widodo shared that the government would try to push the growth of the financial industry of the domestic sharia that he described as a sleeping giant. Jokowi claims that one plan for awakening the sleeping giant was to develop an institution that would emerge as Indonesia’s largest sharia bank. The President applied to the merger of three Sharia …

The Vice-President Ma’ruf Amin of Indonesia finally spoke against the perpetuation of the Islamophobic discourse underlying the recent denunciation of radical Islamists by French President Emmanuel Macron. The Vice-President regrets President Macron ‘s comment that all Muslims are the same which were are generalized without analyzing the various teachings or whether those who interpret Islam may be incorrect. In quoting …

The central executive board of Muhammadiyah, the second largest Islamic organisation in Indonesia after Nahdlatul Ulama, condemned the anti-Islam remarks of French President Emmanuel Macron and argued for free expression of ideas. In view of this, The blasphemous and anti-Islam declarations of President Macron have reinforced his intolerance towards other citizens who honor their prophets or religious leaders. Despite their …

The prestigious club of the few Asian countries that have formed sovereign wealth fund (SWF) will soon be entered by Indonesia and this is something that they are waiting for.  In view of this, The newly passed Job Development Legislation stipulates that the Indonesian Investment Authority (LPI) with an initial capital of Rp 15 trillion ($1.36 billion) derived from the …

For President Joko Widodo (Jokowi), the Job Creation Law would usher in systemic reform of MSMEs to streamline the way their enterprises are managed. The government emphasized that they continued to pursue structural reforms over the past six years to improve the ease of doing business for MSMEs, including through the Job Creation Law. The president remarked that the Job …