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Business 24 Apr 2019 | 12:00 AM Premium

Jokowi seeks more spending as Indonesia targets higher growth

JAKARTA: Indonesian President Joko Widodo (Jokowi) called for an increase in capital spending to bolster growth as a slowing global economy, the US-China trade war and rising oil prices pose risks to South-East Asia’s largest economy.

Economy 07 Dec 2017 | 12:00 AM Premium

Reforms are a success, says Jokowi

JAKARTA: Indonesian President Joko Widodo said government reforms to boost the economy are starting to pay off, enabling it to embark on the biggest infrastructure plan in the nation’s history.

Economy 23 Jul 2014 | 4:59 PM Premium

Rupiah hits 2-month peak after Jokowi wins

SINGAPORE: The Indonesian rupiah rose to its highest level in two months on Wednesday after Joko "Jokowi" Widodo was declared the winner of the presidential election, although its gains were tempered by suspected intervention.

Business 25 Jul 2019 | 12:00 AM Premium

Jokowi courts Softbank, Saudi prince in pursuit of investment

JAKARTA: Within months of a landslide election win, Indonesian President Joko Widodo is securing new deals with foreign businesses, including scoring the largest international investment in more than five decades.

Business 07 May 2019 | 8:33 AM Premium

Jokowi scouts locations as Indonesia capital move gathers pace

JAKARTA: Indonesian President Joko Widodo arrived in Borneo island to survey possible locations for a new capital, fast-tracking a plan to move the administrative headquarters out of over-crowded and congested Jakarta.

Economy 10 Nov 2014 | 12:00 AM Premium

Indonesia ‘cannot afford to have a nationalistic or protectionist policies’, says official

PETALING JAYA: Indonesia simply cannot afford to make major policy changes that would negatively impact foreign direct investment flows in the country, opines Fauzi Ichsan, a key economic adviser to newly elected President Joko “Jokowi” Widodo.

Economy 05 Apr 2018 | 12:36 AM Premium

Movies in spotlight as Jokowi seeks to reshape Indonesia economy

JAKARTA: Indonesia wants to lower its reliance on natural resources and President Joko Widodo is turning the spotlight on films, fashion and handicrafts.

Economy 03 May 2018 | 12:00 AM Premium

Jokowi’s war on inflation puts populism first, reform second

JAKARTA: Indonesian President Joko Widodo has declared war on inflation, with a series of pre-emptive strikes designed to woo voters. The potential casualty: his zeal for economic reform.

Business 18 Apr 2019 | 4:43 AM Premium

Indonesian stocks jumps to near 14-month high as Jokowi set for re-election

JAKARTA: Indonesian stocks jumped to a near 14-month high on Thursday after early elections results indicated incumbent President Joko Widodo is likely to be re-elected for a second term, while Malaysia extended losses to a more than three-year low.

Business 11 Nov 2016 | 12:00 AM Premium

Jokowi seeks investors for Indonesia’s airports to curb deficit

JAKARTA: Indonesia, under pressure to rein in its budget deficit, plans to sell minority stakes in some of the nation’s airports and ports to private investors as President Joko Widodo seeks investment to fund his ambitious infrastructure agenda.