A widely circulated infographic on social media recently claimed that Indonesia ranks as the second-poorest country in the world, reporting a poverty rate of 60.3 per cent, compared with Zimbabwe’s 84.2 per cent, and attributed the figures to the World Bank.

Lecturer at the Department of Economics, Faculty of Economics and Business, Gadjah Mada University (FEB UGM), as well as the Poverty and Inequality Research Division/EQUITAS (Equitable Transformation for Alleviating Poverty and Inequality), Wisnu Setiadi Nugroho, Ph.D., said that the World Bank has never issued any documents through the Global Poverty Line, Poverty and Inequality Platform (PIP), nor the Macro Poverty Outlook that mentions Indonesia as the second poorest country in the world. read more

The shadow economy, economic activities that go unrecorded, poses a challenge to a country’s economy.

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Sharp volatility has shaken the Indonesia Stock Exchange (IDX). The Composite Stock Price Index (IHSG), which had previously reached an all-time high of 9,134.70, plunged dramatically on January 29, triggering a trading halt for the second time.

Professor of Finance at the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), Prof.

Indonesia’s economy continues to grow. However, behind this achievement, more than half of Indonesian workers still earn wages below the minimum standard.

The Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), held a Retired Staff Gathering attended by 60 retired staff members at the FEB UGM Alumni Corner.

The Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), held a training program on Official Correspondence, Organizational Structure and Governance (SOTK), and Secretariat Administration as part of efforts to enhance the competencies of FEB UGM professional staff in administrative and correspondence management.

Gold prices continue to strengthen in the global market, in line with rising investor demand for safe-haven assets amid growing global uncertainty.

The transportation sector is one of the key drivers of the modern economy, supporting human mobility, logistics, and interregional connectivity elements essential to economic growth.

The Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), continues to demonstrate its commitment to supporting environmental sustainability.