Indonesia economy

“If we are scared of being sued, and we step back, we will not be a developed country," said Indonesia's President Joko Widodo.

President Joko Widodo has overseen a centralization of research, development, and industrial production.

The country's green energy goals have so far been aspirational, but political will might finally be starting to build.

Protests against the recent reduction in fuel subsidies speak to a deeper discontent with the country's direction under President Joko Widodo.

The firm's share value has defied the broader downward trend in the Indonesian stock market since late 2021.

The move will be unpopular, but could well generate considerable economic benefits over the long run.

The move came after the state budget allocation for fuel subsidies jumped from $10 billion to nearly $34 billion.

Indonesia’s accession to the 15-nation agreement is a reminder of the extent to which economics is a priority for many Asia-Pacific nations.

Coming after two years of pandemic-induced deficit spending, the budget assumes a strong return to growth and revenue potential in the years to come.

The strong track record of the bank's leadership, and the broader optimism about the future of digital banking in Indonesia, have combined to raise investors' expectations.

With its presidency of the G-20 this year, the country is finally beginning to fulfill its potential as a regional and global leader.

Despite the shadow of the war in Ukraine, Indonesia intends to use its chairmanship of the grouping to boost the recoveries of the world's less advanced economies.