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Title: Purbaya Unveils Sumitronomics for Indonesia’s Economic Growth

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Jakarta – Finance Minister Purbaya Yudhi Sadewa outlined a strategy for achieving 6-8% economic growth for Indonesia, centered⁢ around ⁢a​ concept he termed “Sumitronomics,” during a public lecture at airlangga⁤ university on November 11, 2025. The framework, rooted in the economic beliefs of Prof. Sumitro Djojohadikusumo – ⁢father of President Prabowo Subianto – prioritizes high economic growth, equitable distribution of​ benefits, and dynamic ​national stability.

sumitronomics draws upon the legacy of Prof. Djojohadikusumo, who served as Minister of Trade and Industry and Minister of Finance under president soekarno,⁣ and later as Minister of Trade and Minister of Research under ⁣President Soeharto.

According ⁤to a statement from the Ministry of Finance released November 18, 2025, Purbaya believes Indonesia⁢ can ⁢reach its growth targets ⁣through a balanced approach to fiscal policy, monetary policy, and private‌ sector​ activity. “Our economy can accelerate⁣ if the three engines – fiscal, monetary and implemented in the private sector – grow faster,” Purbaya stated.

A key component⁤ of this strategy is bolstering domestic ‌demand, which currently contributes approximately 90% to IndonesiaS GDP. Purbaya emphasized ⁢the importance of maintaining strong internal consumption to insulate the nation’s economy from global instability. “So even though global conditions are unstable, if I maintain domestic demand at 80% it can still be enough ⁤to support domestic growth,” he explained.

Also watch the video: Prabowo is optimistic that the Indonesian economy will grow by 8%, this is the reason…

(hal/hns)

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World

: Economy Survives Shutdown: Minimal Impact in November 2023

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

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Economy Survives Government Shutdown – But‌ All Is Not Well

Table of Contents

Washington D.C.‍ – The United States economy demonstrated resilience during the recent government shutdown,​ avoiding critically‍ important downturn despite the disruption. While the shutdown, the longest in U.S. history,‌ did not propel economic growth, it ‌also largely prevented significant harm, according to recent analysis.

The shutdown, which stretched from December 22, 2018, to January 25, 2019,‍ impacted roughly eight hundred thousand federal employees.Though, the overall economic impact proved less severe than initially feared. The U.S. economy​ didn’t‍ get any better ⁤during⁤ the longest‌ government shutdown​ in history, but the ‌good news is that it probably didn’t get much worse, ⁤ noted Jeffry Bartash, reporting ‌on the situation.

Shutdown Timeline & Key Data

Event Date
Shutdown Begins December 22,2018
Longest Shutdown Record Broken January 12,2019
Shutdown Ends January 25,2019
Days of Shutdown 35
Federal Employees Affected ~800,000

Did You Know?

The economic⁢ impact of government shutdowns is often ⁣debated,with estimates varying widely depending on the length and scope of the disruption.

Economic Indicators during the Shutdown

Several key ‌economic indicators remained relatively stable during the ⁤shutdown period. While some sectors experienced temporary disruptions, the ‍broader economy continued to function. Consumer⁤ spending, a major driver of economic growth, showed limited​ impact. Though, ‌experts caution ⁢that the shutdown masked underlying economic vulnerabilities.

Pro Tip:

Pay close attention to lagging indicators, such as business investment, to fully assess the long-term ‍effects of the shutdown.

Underlying Economic Concerns

Despite weathering the shutdown, ⁢the ⁤U.S. economy faces ongoing challenges. Slowing global growth,⁣ trade tensions, and rising interest rates pose potential‌ risks. These factors, combined with the‍ lingering effects of ⁤the shutdown on federal agencies,‍ could dampen ​economic prospects in the coming months.

Congressional⁤ Budget office – Government shutdowns create uncertainty and can negatively impact economic activity, even if the immediate effects ‍are limited.

The shutdown also⁣ highlighted the fragility ⁢of government ​services and the potential for disruptions to essential functions. The long-term consequences⁢ of delayed research,‌ inspections, and regulatory oversight remain to⁤ be seen.

The shutdown’s impact was⁢ not ​uniform. Federal contractors and businesses ‌reliant on government services experienced more significant ‍disruptions. ​‍ The economic recovery in⁤ these sectors may be slower.

Looking ahead, policymakers face ‌the challenge of addressing the underlying ​economic concerns while​ avoiding future ⁢government⁢ shutdowns. ⁤ Finding a lasting path forward ⁢will be crucial‌ for maintaining economic‍ stability and‌ fostering⁤ long-term growth.

What steps can be taken to mitigate ‍the economic impact of future government ​shutdowns? Do you think the economy is truly resilient, or are we ​overlooking‍ significant vulnerabilities?

Government⁢ Shutdowns: A Historical Outlook

Government shutdowns ⁣have become increasingly ‌common in recent ⁤decades, often stemming from⁣ political ⁤disagreements over budget appropriations.Historically,the economic impact of these shutdowns has varied depending on their length and severity. ⁣The 2018-2019‌ shutdown was the longest in U.S.‌ history, ⁣surpassing the previous record of 21 days set in 1995-1996. ⁣Understanding the historical context⁤ of⁤ government shutdowns is essential for assessing their potential​ consequences and developing strategies to ​prevent them.

Frequently Asked Questions

  • What is a government shutdown? A government shutdown ‌occurs when Congress fails to‍ pass⁣ funding legislation to finance federal ⁢operations.
  • How does a shutdown affect the economy?
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Business

Title: Fed Cuts Interest Rates, Future Cuts Uncertain

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

WASHINGTON – ⁢The ​federal Reserve on ⁣Wednesday ⁣lowered its benchmark interest rate‍ by 25 basis points, marking the first ⁤rate cut sence‌ January 2023, but signaled uncertainty ​about further reductions in⁣ December amid persistent inflation concerns. The move brings the federal funds rate to a target ⁤range of 5.25%-5.50%.

The decision comes as the U.S. economy shows signs of cooling,‌ yet inflation remains⁤ above the fed’s 2% target.September‌ 2025 inflation‍ rose to 3.0% year-on-year, up from⁣ 2.9%‍ in August,‌ with core⁤ inflation⁤ also at 3.0%​ in September. This delicate balance-slowing growth versus sticky inflation-is forcing the Fed to proceed ⁣cautiously, leaving the door open to further adjustments but offering no firm commitments.The rate cut impacts borrowing ​costs for consumers and businesses, ⁢possibly stimulating economic activity, but the ⁤future path of monetary policy hinges on incoming⁤ economic data.

Fed Chair Jerome⁣ Powell‌ stated, “This is how we believe and hope this will work.” He indicated that without the⁣ impact of tariffs, inflation is “not that far from⁤ our 2% target.” The Fed⁣ estimates tariffs will contribute 0.5-0.6 percentage points to the core personal consumption price index‍ (core PCE), suggesting core PCE inflation could be in the range of ⁢2.3%-2.4% if tariffs where excluded.Powell acknowledged tariffs are likely to cause a “one-off increase,” with potential for further rises.

Alongside the rate ​decision, the‍ Fed announced⁤ the ⁤conclusion‌ of its three-year program ⁣to reduce its balance sheet on ⁢December 1. The portfolio,which ‌peaked at approximately⁢ $9 trillion in mid-2022​ due to pandemic-era financing,has been reduced to around $6.6⁣ trillion.

The ⁤proclamation triggered a‍ mixed reaction in U.S. ​stock markets. The Dow​ Jones ⁣Industrial Average initially ⁤reached⁤ a ⁢record high, rising 334 points, before reversing course to close down 74.37 points, or ⁤0.16%, at 47,632.00.⁢ The S&P 500 ⁢ended slightly ​lower at​ 6,890.59, ‌while the ⁢Nasdaq composite outperformed, gaining 0.55% to a new record close of 23,958.47,‌ boosted by nvidia⁣ shares. The market’s ⁢volatility reflects⁣ investor uncertainty about the Fed’s⁣ future actions.

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Entertainment

China GDP: Economy shakes off Covid legacy to grow 4.5% in Q1

by Julia Evans – Entertainment Editor
written by Julia Evans – Entertainment Editor

china’s Economy Posts 4.5%‌ Growth in First Quarter, But Youth Unemployment Looms

BEIJING – China‘s economy grew 4.5% in the first quarter of⁤ 2023, signaling a continued ‍recovery from the‍ disruptions of ​the COVID-19 pandemic, but a‍ surge in youth unemployment casts a shadow over the positive momentum. The growth rate, announced Tuesday, represents a significant rebound⁢ from ‍the 2.2% recorded in the fourth quarter‍ of 2022,⁤ though ​it remains below pre-pandemic levels.

The economic uptick ​offers a crucial boost to a global economy facing headwinds, yet concerns are mounting over ⁤the job market, particularly for young people entering the‍ workforce. A record ⁢11.6⁤ million college graduates are expected to seek employment this year, adding‌ pressure to an already strained system. The situation​ is further⁢ complicated⁢ by a cautious growth plan set by the government, targeting⁣ a GDP increase of around 5% and ‍job​ creation for 12 million people.

Recent data reveals a concerning ‌trend of rising unemployment among⁣ the youth. The‌ jobless rate‍ for 16- to 24-year-olds reached⁢ 19.6% in march, ‍marking the third consecutive month of increases. This figure is the second highest on record, surpassed​ only by the 19.9% seen in​ July‍ 2022.

Economists warn that this⁣ high rate of youth unemployment indicates⁣ “slack⁤ in ​the economy,” according to Yeung, and could worsen as the new ‌wave of graduates enters the job⁢ market⁤ in ‍June. A ‌faltering in China’s economic⁣ momentum would ‍exacerbate​ the situation.

At last month’s meeting of the ‌National People’s Congress,​ the government​ acknowledged the challenges and set a GDP target of around 5% for the year,‍ alongside a goal⁢ of creating 12 million jobs. The success of these targets will be critical in⁤ navigating​ the ⁣complex economic⁢ landscape and addressing the growing concerns surrounding youth unemployment.

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World

FG Plans to List 1,000 SMEs on Nigerian Capital Market

by Lucas Fernandez – World Editor
written by Lucas Fernandez – World Editor

Federal Government Targets Listing of 1,000 smes on Capital Market

Abuja, Nigeria – The Securities and Exchange Commission (SEC) and the Small and Medium Enterprises Progress Agency ⁤of nigeria (SMEDAN) have formalized a partnership aimed at bolstering financing ⁣options for Nigeria’s vast micro, Small, and Medium ‌Enterprise (MSME) sector. the collaboration was cemented with the signing of a Memorandum of Understanding (MoU) in Abuja, signaling a concerted effort to unlock growth and address the challenges of accessing affordable credit faced by the nation’s over 40 million registered MSMEs.

The initiative is directly aligned with President Bola Tinubu’s governance’s ambition⁢ to achieve a $1 trillion economy and ​is expected to “galvanize⁣ growth, ​create wealth, and reduce​ unemployment” across Nigeria.

A key ⁢component of the MoU focuses on supporting SMEs that adhere ‌to established regulatory and governance standards to raise capital through equity or debt securities, operating within‍ SEC guidelines. This move intends to integrate⁤ more small businesses into the formal financial system, fostering transparency and accountability.

dr. Emomotimi Agama,Director-General of the SEC,emphasized the importance of‌ capital for business sustainability,stating,”Capital is the bedrock of any company… We want to bring [SMEs] on board the pipeline⁢ of listed companies where they can democratize wealth and accelerate ‍development.”​ He highlighted the partnership as a crucial step towards establishing a sustainable financing ⁢structure for SMEs and integrating them into the capital market ⁢ecosystem.

Mr. Charles Odii, Director-General of SMEDAN, acknowledged the persistent issue ‌of expensive and limited financing options for SMEs.He announced a specific target of listing “at least 1,000 SMEs on the capital ‍market” through the collaboration, predicting this will substantially contribute to economic growth and job creation. “Capital in this part of the world is ‍very expensive and scarce,” Odii noted.

The agreement outlines several collaborative efforts, including jointly organized capacity-building programs to enhance‍ SMEs’ financial literacy, governance, and understanding of capital market operations.The SEC will also contribute to SMEDAN’s five-year strategic policy⁢ framework, promoting inclusive financing ⁣and SME-friendly market policies.SMEDAN, in turn, will identify and guide qualified SMEs through the listing process on recognized exchanges.

Furthermore,the partnership will facilitate the issuance of debt securities by eligible SMEs to qualified investors,diversifying ⁣their funding sources beyond conventional‌ bank loans. A three-day National SME ‌Conference, jointly hosted by both agencies,‌ will serve as a⁤ platform for‌ stakeholder ​engagement, market‍ opportunity promotion, and policy reform discussions.

To ensure effective implementation and data sharing -⁢ in compliance with the Nigeria Data Protection Act, 2023 – a Joint Working Group (JWG) will be ‌established.

The ‌Federal Government⁣ views this partnership as instrumental in realizing the ​full potential of Nigeria’s SME sector, positioning it as a vital engine for innovation, job‍ creation, and ‌overall national​ economic growth.

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Business

Purbaya Visits BEI to Discuss Capital Market Strategies

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Purbaya Visits Indonesia Stock⁤ Exchange,Seeks Dialog wiht⁣ Market Participants

Jakarta,Indonesia ⁤- October 9,2025 – Head of the Indonesian Deposit Insurance corporation‍ (LPS),Purbaya,made a visit to the Indonesia⁣ Stock Exchange (IDX) this morning to engage⁣ in ⁣discussions with key market players. The visit centered ⁤on bolstering ⁤fiscal stimulus, ‌ensuring effective spending realization, and sustaining economic growth amid ongoing global ​economic ⁢uncertainties.

PurbayaS​ engagement with market participants underscores the LPS’s‍ commitment to ⁢supporting national economic stability. The move comes⁤ as Indonesia⁣ navigates a complex ⁤global landscape⁤ marked by persistent volatility. Effective ⁢fiscal policy and robust capital market activity are⁣ crucial for maintaining economic⁤ momentum and mitigating potential risks. The LPS chief’s discussions focused on strategies to strengthen stimulus measures and facilitate their impact on the broader economy.⁢

According to ⁢a report by ⁣ CNBC Indonesia, Purbaya emphasized the importance of coordinated efforts between financial institutions and market stakeholders to ensure the successful implementation of‌ economic policies.‌ He stated the visit⁣ was intended to be a way to⁣ maintain the momentum of economic‌ growth amidst ⁤still high global uncertainty.

The⁣ IDX serves as a vital engine ⁣for capital formation and investment in Indonesia. The LPS, responsible for guaranteeing public funds in ‌banks, plays⁤ a key role in maintaining financial⁢ system stability. This collaborative effort between the two institutions signals a proactive approach to navigating economic challenges and fostering lasting growth.

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