Jakarta – Indonesian Democratic Party of Struggle (PDI-P) politician Rieke Diah Pitaloka has criticised President Susilo Bambang Yudhoyono’s (SBY) state of the nation speech as being no different from a work of science fiction.
Economy & Investment
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August 2013
Shesar Andriawan/FMB, Jakarta – According to Budi Wardoyo, the national secretary of Politics of the People and the Joint Labour Secretariat (Sekber Buruh) working body, complaints [by employers] about the large number of public holidays that cause a drop in productivity are simply a red herring.
June 2013
Sign reads ‘Economic, Political Policies’, hand (right) reads ‘Prices’
January 2013
December 2012
Rina Atriana, Jakarta – National businessperson Prabowo Subianto has criticised Indonesian workers who ask for very high wage increases, saying they should first understand the current conditions faced by companies and the Indonesian economy.
Jakarta – The growth in the number of wealthy individuals over the last 10 years has been spectacular, increasing by five fold or by 500 percent. This can be seen from the total wealth and bank deposits that continue to increase.
August 2012
Jakarta – In the midst of a global crisis, Indonesia’s economic growth recorded a positive result. Economic growth for the second quarter of this year reached 6.4 percent compared with the same period last year.
May 2011
Jakarta – Foreign penetration through multi-national companies in the food sector is increasing and spreading.
Jakarta – Foreign domination of strategic economic sectors is spreading and deepening. It has been suggested that the government reorganised strategic economic development so the benefits are more evenly felt by the ordinary people and greater competitiveness in the face of global competition.
April 2011
Jakarta – Indonesia is currently facing a second phase of deindustrialisation. One of the indicators is the dependency on foreign companies. Renegotiation of the Asean-China Free Trade Agreement (ACFTA) will not be effective in overcoming the problem of national deindustrialisation.