JAKARTA: Indonesia’s economic policy package aimed at stimulating demand, which includes fare subsidies as well as cash and food handouts over June and July, will cost the government 24.44 trillion rupiah (US$1.5 billion), the finance minister said on Monday (Jun 2). State-owned companies will cover around 850 billion rupiah in costs for policies like subsidising
JAKARTA: Indonesia is rolling out a slew of stimulus measures to get its people to spend more in the next two months, but these may not be enough to revive sluggish domestic consumption and lift economic growth, analysts say. Instead, broader moves are needed to help the country’s dwindling middle class and protect businesses from
Asian state-owned investors (SOIs) are projected to grow their assets under management by 34 per cent over the next five years, aided by growing economies, healthier fiscal balances and bigger contributions from the continent’s relatively young population, according to Sovereign Wealth Fund Institute. These sovereign investors, which include 146 central banks, sovereign wealth funds and