debt

Reviving dead capital key to Indonesian prosperity

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Reviving dead capital key to Indonesian prosperity

THE “emerald of the equator”, a popular tagline for Indonesia, conjures the vision a nation rich in natural beauty and abundant resources. Yet data from Statistics Indonesia (BPS) reveals a long-standing decline in the middle class and a persistent drop in formal employment opportunities. These issues are even more critical as concerns about the middle-income … Read more

Indonesia’s Prabowo to allow debt-to-GDP ratio to reach 50%: Report

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JAKARTA: Indonesian President-elect Prabowo Subianto will allow the nation’s debt-to-GDP ratio to rise to 50 per cent provided his administration can boost tax revenues, the Financial Times reported citing one of his closest advisers. Prabowo’s brother and adviser Hashim Djojohadikusumo told the Financial Times in a London interview that Indonesia could still retain its investment-grade … Read more