In this edition, we focus on the planned move of Indonesia’s capital city to Kalimantan in 2024 and the increasing consumer confidence in the Indonesian economy.
Let’s dive into the summaries:
Daftar Isi
Indonesia’s Capital City to Move to Kalimantan in 2024
The Indonesian government has announced its decision to relocate the capital city from Jakarta to Kalimantan in 2024.
\This move aims to stimulate economic growth, alleviate overcrowding and congestion in Jakarta, and preserve the environment.
The shift presents an opportunity for regional development and a more balanced distribution of economic opportunities across Indonesia.
The construction of new infrastructure and the establishment of sustainable urban planning will play a crucial role in shaping the future capital city.
Consumer Confidence in Indonesian Economy Rises in May 2023
According to a survey conducted by Bank Indonesia (BI), consumer confidence in the Indonesian economy saw an improvement in May 2023.
The survey indicates an optimistic outlook among consumers, suggesting increased confidence in economic stability and growth.
Rising consumer confidence can have a positive impact on the overall economic landscape, as it typically leads to higher consumer spending, increased business activity, and a boost to economic growth.
This development bodes well for the Indonesian economy and reflects positive sentiments among consumers.
These developments in Indonesia indicate promising prospects for the country’s future.
The planned relocation of the capital city to Kalimantan presents an opportunity for economic stimulus and regional development, while the increasing consumer confidence signals positive sentiment and a potential driver for economic growth.
As always, we will continue to monitor these trends and provide you with the latest updates on the global economy.
Stay tuned for our next edition of the Weekly Digest for more insights into the ever-changing world of finance and economics.
S. Christy R. – Senior Market Researcher
