Indonesian territory is composed of 34 provinces. A province (Indonesian:provinsi) is the highest tier of the local government divisions of Indonesia (Daerah Tingkat I - level I region). Provinces are further divided into regencies and cities (Daerah Tingkat II - level II regions), which are in turn subdivided into districts (kecamatan).
Each province has its own local government, headed by a governor, and has its own legislative body. The governor and members of local representative bodies are elected by popular vote for five-year terms.
Aceh, for the use of the sharia law as the regional law of the province.
Special Region of Yogyakarta, a sovereign monarchy within Indonesia with the sultan Hamengkubuwono as hereditary Governor and Paduka Sri Pakualam as hereditary vice-governor. SR Yogyakarta refused to call themselves as the province according to Law No. 03/1950 and No. 12/2012 about The Speciality of Special Region of Yogyakarta.
Papua Province (Indonesian:Provinsi Papua) is the largest and easternmost province of Indonesia. It lies in West Papua region, which comprises the Indonesian, western, half of the island of New Guinea and nearby islands. Papua is bordered by the nation of Papua New Guinea to the east, and by West Papua province to the west. Its capital is Jayapura. It was formerly called Irian Jaya (before that West Irian or Irian Barat) and comprised all of Indonesian New Guinea. In 2002 the current name was adopted and in 2003 West Papua province was created within West Papua region from western parts of Papua province.
"Papua" is the official Indonesian and internationally recognised name for the province.
During the Dutch colonial era the region was known as part of "Dutch New Guinea" or "Netherlands New Guinea". Since its annexation in 1969, it became known as "West Irian" or "Irian Barat" until 1973, and thereafter renamed "Irian Jaya" (roughly translated, "Glorious Irian") by the Suharto administration. This was the official name until the name "Papua" was adopted in 2002. Today, the indigenous inhabitants of this province prefer to call themselves Papuans.
It is largely on account of China that we have seen the emerging market (EM) pack underperform the developed markets (DMs) ... Countries like Thailand, Malaysia, Indonesia have been hit badly by a same kind of second wave and their stock markets are quite solid too. So, I do not know the reason why but markets are willing to look through this.
“I tried to understand what edtech was and why it was working in those markets and why it didn’t exist in Bangladesh,” said Chowdhury ...Indian edtech giant Byju’s to expand to international markets ... The market is primed for growth and we believe the team at Shikho is well-fit to lead the charge and take education to the next level.”.
We set a new June quarter revenue record of $81.4 billion, up 36% from last year, and the vast majority of markets we tracked grew double digits, with especially strong growth in emerging markets, including India, Latin America, and Vietnam.” ... TechnologyIndia, emerging markets ...
JAKARTA (Reuters) – Indonesia’s worsening COVID-19 crisis is raising pressure on the government to lift spending and widen the budget deficit, even as rating agencies warn any loosening of the country’s hard-won fiscal discipline could bode ill for its credit ratings.
Also on rt.com Asian Covid-hotspot Indonesia to receive 45mn Covid vaccines in August, as government eases curbs despite warnings. Even in the worst-hit areas of Indonesia, the relaxation has allowed traditional markets, vendors and open-air restaurants to join some businesses and mosques in reopening, although offices remain under shutdown orders.
Jakarta — Indonesia’s worsening Covid-19 crisis is raising pressure on the government to lift spending and widen the budget deficit, even as ratings agencies warn any loosening of the country’s hard-won fiscal discipline could bode ill for its credit ratings ... The three agencies give Indonesia the second lowest investment grade rating.
JAKARTA, July 27 (Reuters) - Indonesia's worsening COVID-19 crisis is raising pressure on the government to lift spending and widen the budget deficit, even as rating agencies warn any loosening of the country's hard-won fiscal discipline could bode ill for its credit ratings.
Our young, growing and English speaking population will continue to be the source of our above-average growth in the coming years, thanks to the remittances of our OFWs, the large dollar earnings of the BPO-IT sector and a big domestic market that makes us partly immune to the ups and downs of the world economy (like China and Indonesia).
China’s sharp selloff has caused emerging-market stocks to erase all their gains for the year, Bloomberg reports. The MSCIEmerging Markets Index is now negative for 2021 after a 2.4 percent drop on Monday ...State StreetGlobal Markets recommends allocating only about 20 percent of funds for equities to developing nations.