Indonesia’s economic growth far above global average: IMF
JAKARTA – Indonesia has recorded better economic growth, far above the global average, and has been able to maintain it amid global uncertainty, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva has said. She made the statement during a meeting with Indonesian President Joko Widodo…
ASEAN invites UK businesses to invest in emission reduction efforts
JAKARTA – Chairperson of the ASEAN Business Advisory Council (ASEAN-BAC), Arsjad Rasjid, has invited business companies in the United Kingdom (UK) to invest in efforts to reduce carbon emissions and bolster health services in Southeast Asian countries. Rasjid and a number of representatives of ASEAN-BAC…
ASEAN to Work on Roadmap to Expand Payment Connectivity
JAKARTA – ASEAN will work on a roadmap to expand its regional payment connectivity to encompass all member states, according to the bloc’s chair Indonesia. The ASEAN-5 —Indonesia, Malaysia, the Philippines, Thailand, and Singapore— have inked an agreement on linking their QR code payment systems….
22nd AECC discusses ASEAN role in responding to geopolitical dynamics
JAKARTA – The 22nd meeting of the ASEAN Economic Community Council (AECC) discussed ASEAN’s role in responding to geopolitical and geoeconomic dynamics, the Coordinating Ministry for Economic Affairs has said. “For instance, the ASEAN Outlook on the Indo-Pacific and ASEAN’s role in responding to geopolitical…
Indonesia quietly engaging key stakeholders in Myanmar crisis, foreign minister says
JAKARTA – Indonesia has for months been quietly engaging key stakeholders in Myanmar’s conflict, as well as neighbours India, Thailand, and China in an effort to kick-start a peace process as violence intensifies, its foreign minister said on Friday. Retno Marsudi earlier told Reuters exclusively…
Indonesia’s Textile and Clothing Export Predicted to Drop by 10 pct
JAKARTA, March 27 – Indonesia’s textile and apparel export is forecast to decline by 10 percent from $12 billion in 2022 to around $11 billion this year, according to the Indonesian Fiber and Filament Yarn Producers Association or APSyFI. The association attributed the declining exports…
Kadin pushes regional QR Code at ASEAN-BAC Meeting
Magelang, March 22 – The Indonesian Chamber of Commerce and Industry (Kadin) called for the adoption of the ASEAN Quick Response (QR) Code by all ASEAN countries at the ASEAN Business Advisory Council (BAC) Meeting on Wednesday. “The transactions carried out via ASEAN QR Code…
Indonesia passes jobs decree into law, easing investment uncertainty
JAKARTA, March 21 – Indonesia’s parliament on Tuesday passed into law an emergency decree on jobs and investment, eliminating legal uncertainty hanging over measures President Joko Widodo has pushed to spur investment in Southeast Asia’s largest economy. The new law replaces the 2020 Jobs Creation…
Indonesia has surplus food ahead of Ramadan, Eid al-Fitr: Ministry
JAKARTA, 10 March – The Trade Ministry has estimated a rice surplus of around 9 million tons, cooking oil surplus of around 352 thousand tons, and beef surplus of around 58 thousand tons for the January–April period this year. With these figures, the ministry is…
Gov’t Told to Issue Guideline on Waste Management Investment
JAKARTA, 8 March – The Indonesian government should issue an investment guideline on waste management, according to a startup founder. The lack of a guideline has become one of the challenges that businesses in the sector face when trying to invest in districts and municipalities. …