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. …
Indonesia tech firm GoTo to cut 600 more jobs – statement
JAKARTA, 10 March – Indonesia’s biggest tech firm PT Goto Gojek Tokopedia (GOTO.JK) announced on Friday another round of layoffs aimed at streamlining the organisation and boosting the company’s profitability. About 600 roles will be affected, the company said in a statement, following 1,300 jobs…
Kadin partners with local universities to improve vocational education
JAKARTA – The Indonesian Chamber of Commerce and Industry (Kadin) is cooperating with more than a dozen local universities to help close the gap between employers’ demands and graduates’ skills by expanding vocational education. The universities participating in the program include Prasetiya Mulya University, Pelita…
Trade ministry committed to removing trade barriers for exporters
JAKARTA – Indonesia’s Trade Minister Zulkifli Hasan has expressed his commitment to supporting business actors, especially exporters, with policies to help Indonesian products enter the global markets and remove any trade barrier. “One of our tasks at the ministry is to support Indonesian exporters. Therefore,…
ASEAN’s Natural Gas Demand to More Than Double in 2050
JAKARTA – ASEAN will more than double its natural gas demand to 350 billion cubic meters (bcm) by 2050 as the region shifts away from coal-fired power generation, according to the Gas Exporting Countries Forum or GECF. “Natural gas demand in ASEAN is expected to…
Mulyani meets OECD secretary-general on sidelines of G20 agenda
JAKARTA – Minister of Finance Sri Mulyani conducted a bilateral meeting with the Organisation for Economic Co-operation and Development (OECD) Secretary-General Mathias Cormann on the sidelines of a G20 agenda in India. This bilateral meeting was held to discuss several priority agendas of Indonesia and…
Indonesia to introduce EV purchase incentives in March
JAKARTA – The government plans to introduce incentives on electric vehicle (EV) purchases in March in a bid to boost EV adoption, while helping the country to reduce consumption of costly imported fuel. Energy and Mineral Resources Minister Arifin Tasrif said the policy would differ…
Indonesia plans to narrow 2024 fiscal deficit, sees higher GDP growth
JAKARTA, Feb 20 (Reuters) – Indonesia expects to bring its budget to a narrower fiscal deficit next year, even as its economic growth is predicted to accelerate, senior officials said on Monday, as President Joko Widodo aims to finish its remaining infrastructure projects. Indonesia recorded…
APEC pushes agenda to create resilient future for all
JAKARTA – The Asia-Pacific Economic Cooperation (APEC) is driving forward its 2023 agenda to create a resilient and sustainable future in the ongoing series of meetings of senior officials from its 21 member economies in Palm Springs, California. The meetings will take place from February…