Mr Manggi Taruna Habir was a Visiting Fellow at the Regional Economic Studies Programme of the ISEAS – Yusof Ishak Institute.
Articles by Manggi Habir (6)
Siwage Dharma Negara|Manggi Habir
World’s largest crude palm oil producer Indonesia faces the challenge of managing the rising cost of cooking oil, as external shocks and supply issues worsen, going into the fasting month of Ramadhan.
Manggi Habir|Siwage Dharma Negara
A massive second wave of delta-variant infections has disrupted Indonesia’s economic growth trajectory. This complicates the government’s budget implementation and planning for 2022. While funds are sorely needed for social spending and economic programmes, fiscal prudence is critical to avoid any downgrading of Indonesia’s risk and debt ratings.
One major impact of Covid-19 has been the early signs of consolidation in Indonesia’s fintech landscape. The prospects for fintech, in a country of 270 million people with significant internet penetration and about a third of the population still unbanked, are alluring.
The Indonesian government is stepping up its efforts to kickstart its economic recovery by attracting more direct investment into the country. The 2019 Omnibus Law and the recent launch of the Indonesia Investment Authority (INA), the country’s first sovereign wealth fund, are deliberate steps in that direction.
Indonesia has appointed a blue-ribbon slate of professionals to head its new sovereign wealth fund. There will be several challenges ahead, including concerns about investor protection and the Covid-19 pandemic.