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Beijing’s strategy to boost trade relations with countries in the Global South to diversify away from closing Western markets has taken a hit with Indonesia’s announced intention to impose a 100-200% tariff on China’s labor-intensive goods.
Indonesia's rise as an emerging economy is the latest of Asia's success stories.
“We see that global geopolitical escalation [creates] challenges for global commodity prices…,” said Arsjad.
JAKARTA (Reuters) -- Indonesia launched on Monday an online system to track movements of nickel and tin from mines to domestic processing facilities to improve accountability and government revenue, authorities said.
JAKARTA — Indonesia's outgoing President Joko Widodo will appoint Thomas Djiwandono, the nephew of president-elect Prabowo Subianto and his adviser for fiscal issues, as a deputy finance minister later on Thursday (July 18), a senior politician said.
JAKARTA/SINGAPORE — Indonesia's President-elect Prabowo Subianto wants to give school children free meals, but the plan and his pledge to be 'daring' on spending have the country's debt and currency markets on edge.
Prabowo and his team have tried to distance themselves from any suggestions of fiscal profligacy, and to assure market participants the incoming government respects the legal debt limits that cap its budget deficit at 3 per cent of economic output.
Priyanka Kishore is the founder and principal economist at research company Asia Decoded in Singapore.