Indonesia’s parliament approves $1 billion budget top-up for new capital
JAKARTA, 9 June 2023 – Indonesia’s parliamentary budget committee has approved additional 15 trillion rupiah ($1.01 billion) to speed up construction of the flagship new capital Nusantara, a senior lawmaker said on Friday. Said Abdullah, the committee’s chair, said the additional 15 trillion will go…
GOTO to Appoint Patrick Walujo as New CEO
JAKARTA, 8 June 2023 – Technology company GoTo Gojek Tokopedia Tbk (GOTO) announced on Thursday the plan to appoint Patrick Sugito Walujo as the chief executive officer replacing Andre Soelistyo. The appointment will be confirmed in shareholders’ meetings, which will include the annual meeting and…
Environment Ministry applies circular economy for waste management
JAKARTA, 6 June 2023 – Environment and Forestry Ministry (KLHK) has stated that they are implementing the circular economy as a strategy for sustainably managing waste in Indonesia. “Circular economy is a concept of maximizing the value of a product and its components by using…
May Inflation Lowest in Five Months
JAKARTA, 5 June 2023 – The inflation rate in May indicates a weakening trend after the post-Eid holiday period, even reaching the lowest inflation rate since January 2023, the Central Statistics Agency (BPS) announced on Monday. “The decrease in the inflation rate in May 2023…
Indonesia proposes demilitarised zone, UN referendum for Ukraine peace plan
SINGAPORE, 3 June 2023 – Indonesia’s defence minister on Saturday proposed a peace plan to end the war in Ukraine, calling for a demilitarised zone and a United Nations referendum in what he called disputed territory. Ukrainian foreign ministry spokesperson Oleg Nikolenko dismissed the plan,…
President Jokowi and ministers discuss Golden Visa policy
JAKARTA, 29 May 2023 – President Joko Widodo (Jokowi) and his cabinet ministers on Monday discussed the Golden Visa policy, which outlines stay permits and citizenship by investment programs. Tourism and Creative Economy Minister Sandiaga Uno said that the policy aims to attract more talent…
Nusantara Offers 80-Year Land Titles for Industrial Use
JAKARTA, 26 May 2023 – The government will grant land titles that span eight decades for industrial and residential properties in Nusantara, Indonesia’s planned new capital city which lies in East Kalimantan. “Nusantara will provide [investors] ease of doing business by granting land rights based…
NFA disburses 81.5% of stunting food assistance
JAKARTA, 26 May 2023 – The realization of food assistance distribution to 1.4 million families at risk of stunting (KRS) in 7 Indonesian provinces has reached 81.5 percent as of May 25, 2023, the National Food Agency (NFA) has said. “As we know, chicken meat…
Indonesia, Malaysia to visit Brussels over concern about EU deforestation law
JAKARTA – The world’s two biggest palm oil producers Indonesia and Malaysia will send top officials to the European Union next week to voice concern over a new deforestation law they believe could be detrimental to small farming businesses. Indonesia and Malaysia accounts for about…
Indonesia, EU to Conclude Trade Deal Negotiations This Year: Official
JAKARTA – Indonesia and the European Union are aiming to wrap up the negotiations on their trade pact by the end of 2023, a Trade Ministry official said on Wednesday. Negotiations for the Indonesia-EU Comprehensive Economic Partnership Agreement (CEPA) have been going on since 2016….