Country Analysts

Cyrillus Harinowo
Former Director Central Bank

Recent Country Insights

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Ending the year with optimism
INDONESIA - Report 30 Dec 2019
In his speech during the Annual Bankers' Dinner recently hosted by Bank Indonesia, President Jokowi appeared confident that the Indonesian economy will remain resilient in the face of the slowdown of the global economy. At the same time, he emphasized the need to look for new resources to keep th...

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​Indonesia: Ahok comes back into the picture
INDONESIA - Report 29 Nov 2019
Ahok (the nickname of Basuki Tjahaja Purnama, the former governor of Jakarta Metropolitan) was just recently promoted as the Chairman of the Board of Pertamina, the Indonesian state-owned oil company, literally the largest company in Indonesia. This was a very high-profile promotion by the govern...

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Excellent moves
INDONESIA - Report 31 Oct 2019 1 response
President Joko Widodo announced the line-up of the Indonesian cabinet for 2019-2024 just a few days after his inauguration as president. His selection of ministers truly reflects his courage and independence. From various angles, this new cabinet can be considered a "dream team" because the chall...

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Another interest rate cut
INDONESIA - Report 27 Sep 2019
At its recent Monetary Policy Meeting in September 2019 the Indonesian Central Bank decided to slash the benchmark interest rate once again by 25 basis points, to 5.25%. This is the third interest rate cut in the past three consecutive months. The interest rate cut was driven by the softening of ...

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Widodo seems serious about moving the capital
INDONESIA - Report 02 Sep 2019
The issue of moving the capital city out of Java has been alive for more than half a century, since Indonesia’s first president, Ir. Soekarno, promoted an idea of moving the capital to Palangkaraya, the capital of Central Kalimantan province on Borneo. So when President Joko Widodo raised the sam...

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​Indonesia: Vision 2019-2024
INDONESIA - Report 31 Jul 2019
President Joko Widodo, acting as president-elect for 2019-2024, recently outlined his vision for the second term of his presidency. His speech was a strong one, showing his great confidence in running his second term, starting in October 2019. There are five priorities that President Joko Widodo ...

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With Widodo’s confirmation, the economic future looks bright
INDONESIA - Report 01 Jul 2019 1 response
Indonesia’s Constitutional Court finally decided to declare an electoral victory for incumbent President Joko Widodo and his running mate Ma’ruf Amien, in the wake of the contested April 17th presidential election. With that decision, Widodo will be allowed to continue leading the country for a s...

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​Indonesia: The ball is in the Constitutional Court
INDONESIA - Report 31 May 2019
The Indonesian election, which was held on April 17, 2019, has reached a more advanced stage. The formal outcome of the election was announced ahead of schedule, on May 21, 2019, by the Election Commission, with the incumbent, Joko Widodo, winning by a significant margin of 10%. However, the chal...

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​Indonesia: Waiting for the final count
INDONESIA - Report 01 May 2019
Immediately after the people cast their votes on April 17, 2019, there was a short period of uncertainty, after one presidential candidate claimed his victory several times in the race for the presidency. Acting as a real statesman, President Jokowi gave a short speech, in which in general he wel...

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