Indonesian economy

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

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

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

Indonesia posts 5.31% GDP growth in 2022, the highest in almost a decade

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Major leading sectors driving the economy last year included manufacturing, trade, agriculture and mining, while sectors that saw the highest growth were transportation, warehousing as well as food and beverages.  The sectors grew between 14 per cent and 17 per cent year on year largely due to the loosening of movement restrictions imposed due to … Read more