Deni Ghifari

Indonesia

Journalist at The Jakarta Post

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Articles

Indonesia doubles wage subsidies, cancels electricity discount in stimulus shake-up

3 days ago | thestar.com.my | Deni Ghifari

JAKARTA: In last-minute changes to a planned consumer stimulus package for June and July, the Indonesian government has cancelled an electricity discount but doubled wage subsidies. Finance Minister Sri Mulyani Indrawati (pic) revealed in a press conference on Monday (June 2) that the wage subsidies for low-income earners would double from Rp 150,000 (US$9) per month per individual to Rp 300,000.
Wage subsidies doubled, electricity discount canceled in stimulus shake-up

3 days ago | thejakartapost.com | Deni Ghifari

In last-minute changes to a planned consumer stimulus package for June and July, the government has canceled an electricity discount but doubled wage subsidies. Finance Minister Sri Mulyani Indrawati revealed in a press conference on Monday that the wage subsidies for low-income earners would double from Rp 150,000 (US$9) per month per individual to Rp 300,000.
Planned consumer stimulus faces lack of policy coordination

4 days ago | thejakartapost.com | Deni Ghifari

The government has lined up a flurry of consumer stimulus measures that are to take effect this week, but people and institutions responsible for implementing the measures were left without knowledge of the plan. Such a lack of coordination could dampen the effectiveness of the policy, which is intended to boost the economy. The stimulus package is to begin on June 5 and last until the end of July, with some of the measures applying just during the school holidays.
RI barely holds onto trade surplus in April, exports to US down sharply

4 days ago | thejakartapost.com | Deni Ghifari

Statistics Indonesia (BPS) official Pudji Ismartini revealed in a press conference on Monday that the country’s trade surplus, or the amount by which exports exceed imports, was only US$158 million in April. Pudji said the April figure marked “the lowest” surplus since April 2020, when Indonesia registered a trade deficit of $350 million. The archipelago has maintained a monthly trade surplus ever since, with April being the 60th consecutive month.
Jakarta hotels cut staff to stay afloat amid govt spending cuts

1 week ago | thejakartapost.com | Deni Ghifari

Most hotels in Jakarta have reported declining occupancy rates since the government cut spending on official trips and conferences, while operating costs keep climbing, forcing some to reduce headcount to scrape by. In a survey conducted by the Indonesian Hotel and Restaurant Association (PHRI) among its members in April, 97 percent of the responding hotels said occupancy rates were on the decline. The survey results were announced in a press release published by the lobby group on Monday.
Sri Mulyani inaugurates new tax, custom office chiefs

2 weeks ago | thejakartapost.com | Deni Ghifari

The Finance Ministry has installed three new high-ranking officials to fill in the institution's upper echelon line-up, among whom are a freshly retired Indonesian Military (TNI) officer alongside a graduate of semi-military high school Taruna Nusantara (Tarnus). Two of the new names inducted into the ministry’s main lineup were Lt. Gen. (ret.) Djaka Budhi Utama as the customs and excise director general and Tarnus alumnus Bimo Wijayanto as taxation director general.
Tarnus graduate, military officer to head tax, customs offices

2 weeks ago | thejakartapost.com | Deni Ghifari

A graduate of SMA Taruna Nusantara (Tarnus) senior high school and an active military officer are expected to be appointed as the new chiefs of the Finance Ministry’s taxation and customs offices, after President Prabowo Subianto summoned the respective candidates, Bimo Wijayanto and Lt. Gen. Djaka Budi, to the State Palace on Tuesday.
Govt sticks to ‘unrealistic’ 8% GDP growth target

2 weeks ago | thejakartapost.com | Deni Ghifari

The government has reaffirmed its aim to reach 8 percent gross domestic product (GDP) growth by the end of President Prabowo Subianto’s term in office, a target economists deem ambitious or outright unrealistic. Finance Minister Sri Mulyani Indrawati revealed in a plenary session with the House of Representatives on Tuesday that the government projected next year’s GDP growth to be in the range of 5.2 to 5.8 percent.
Govt abruptly pushes back trade data release

3 weeks ago | thejakartapost.com | Deni Ghifari

The government postponed the release of April’s trade data, which would have unveiled the impact of new United States import tariffs on Indonesian exports, just hours before it was supposed to be published. Statistics Indonesia (BPS) announced on Wednesday evening that the April trade data release scheduled for Thursday morning had been pushed back to the first work day of June.
US-China tariff de-escalation chance to strengthen RI bargaining position

3 weeks ago | thejakartapost.com | Deni Ghifari

The government views the apparent de-escalation in a trade war between the United States and China as an opportunity to demand open and fair trade in its own negotiations with a highly protectionist US administration. Washington and Beijing announced in a joint statement on Monday that they had agreed to bring triple-digit import tariffs on each other’s export goods down to two figures and continue negotiations.