Via Nikkei Asia, a report on Prabowo’s plans for heavy spending from infrastructure to school meals: Indonesian President Joko “Jokowi” Widodo’s growth-focused economic policy looks set to continue into the next administration with successor Prabowo Subianto also planning aggressive fiscal spending. “We will use the strong foundation [Jokowi] has built, especially in the economic sector, […]
Read more »Courtesy of Nikkei Asia, an article on growing Chinese investment and construction activity in the Asia-Pacific region: Chinese investment in the Asia-Pacific region rose sharply in 2023, a new report shows, bucking global trends even as the world’s No. 2 economy sputters. The report by Brisbane’s Griffith University and Shanghai’s Fudan University shows that Chinese […]
Read more »Courtesy of Nikkei Asia, a look at Bolivia’s and Indonesia’s efforts to tell the Global North to give them a place on the EV value chain: As the U.S., Europe, China and Japan in the northern hemisphere race to put electric vehicles on roads by offering subsidies and building infrastructure, southern hemisphere nations rich in […]
Read more »Via Nikkei Asia, commentary on Indonesia’s need to create jobs: Whoever wins Indonesia’s presidential election will take the reins of a country very much on investors’ radar, but still facing fundamental economic challenges. Under President Joko “Jokowi” Widodo, gross domestic product per capita has increased over the past 10 years, and rating agencies have upgraded […]
Read more »Courtesy of Foreign Policy, a look at the progress of Indonesia’s economic modernization program: Indonesia, the world’s third-largest democracy—and fourth-largest country overall—held a presidential election on Feb. 14. Defense Minister Prabowo Subianto, who served as the commander of Indonesia’s special forces when the country was previously under a dictatorship, declared victory after receiving a reported […]
Read more »Via Eurasia Review, commentary on China’s significant investment presence in Indonesia: China’s huge leverage in Indonesia has impacted Indonesia’s economic development. Over a decade, China has never been absent as the main of Indonesia’s trading partner. In the Jokowi era, for example, the Chinese investment reached nearly US$8 billion by 2022. According to the Indonesia […]
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