The budget targets Indonesia’s economic growth to rebound to 5 percent next year, following an expected contraction of 0.6 to 1.7 percent this year. [$]
Trade
Balinese man Gede Darma has been forced to return to seaweed farming after foreign tourists were barred from entering the country. [Video]
State spending is set at a record high 2.75 quadrillion rupiah for next year, with growth assumption at 5% and fiscal deficit seen at 5.7% of GDP.
Aquaculture provides fallback for people of the Penida Archipelago as they wait for tourists’ return.
The climate in South East Asian countries makes it impossible to simply replicate packaging used in Europe, and more research is now underway.
An estimated US$2.7 billion’s worth of the country’s international trade was paid for using China’s currency in the first six months of 2020.
Indonesia’s development has been supported over several decades by one of the largest sustained multilateral aid efforts since WWII, from which Australia has also benefited.
The exchange’s short-term performance won’t have a big impact on the real economy – simply because not that many people are exposed to it.
Indonesia relies heavily on imported tobacco products (including Virginia tobacco leaves from China, Brazil and the US), at the expense of local producers.
IPB University’s Center for Coastal and Ocean Resources Studies (CCORS) has developed a range of food and drink products containing the micro marine algae spirulina.
Support is needed to strengthen Indonesia’s fast rising digital economy with greater inclusivity and cybersecurity.
Indonesian female entrepreneurs tend to work in slower productivity fields and also have less access to skills development training, technology, and business networks.
It is a relationship that has perhaps never been more important to Australia, particularly as ties with China continue on a downward spiral.
New research will help governments grappling with the impossible decision of choosing health or the economy whilst both are in crisis.
“We expect the new green industries in Indonesia to substantially diversify, broaden and deepen Indonesia’s already skilled workforce,” Andrew Forrest said.
A brown seaweed extract — sodium alginate from S.duplicatum — has antibacterial qualities and acts as a strong wound absorber and accelerates cell regeneration.
