Tag: Joko Widodo
Indonesia to tap tourism to tackle current account deficit
Bali, Indonesia Indonesian President Joko Widodo has vowed to handle Indonesia’s current account deficit, which has been rocketing these years. Currently the deficit is about US$25 billion. The President stated that by enhancing the revenue from tourism and reducing the overall fuel imports by increasing the use of indigenous biodiesel. The President has met Indonesian industrialists on Tuesday, 28th August 2018 to discuss global economic volatilities that are affecting the emerging markets, including Indonesia. He also discussed with them government’s strategies to deal with these risks. “People were worried about the impact of the trade conflicts between China and United ... Read more