JAKARTA (TheInsiderStories) – Rating and Investment Information, Inc. (R&I) upgrades Indonesia’ sovereign credit rating from BBB/stable outlook to BBB+/stable outlook (investment grade), the agency announced on March 17. President Joko Widodo, said the rated, is firmly implementing policies to strengthen economic growth potential, on the back of a political foundation solidified in his second term.... read more >>

Indonesia will issue a government regulation in lieu of law (Perppu) that will boost state spending by up to Rp 405.1 trillion (US$24.6 billion) as the budget deficit is anticipated to widen to 5.07 percent of GDP in the nation’s fight against COVID-19... read more >>

With cumulative global deaths from Covid-19 exceeding 22,000 from over 480,000 cases as of March 26, Indonesia – the world’s fourth-most populous country and the largest economy in South-east Asia – reported a cumulative total of 893 cases and 78 deaths.... read more >>