Indonesia’s Economy Stays On Track, BI Governor Says
Jakarta, 23 October 2023 – Bank Indonesia (BI) Governor Perry Warjiyo estimated that Indonesia’s economic growth will stay on track and resistant to international propagation. During the third quarter of 2023, the economic growth was supported by private consumption, including the youths. “In line with the increase…
Bank Indonesia to stay put till year-end, cut in Q2 2024
Jakarta, 20 October 2023 – Bank Indonesia (BI) will follow its regional peers and leave its interest rate unchanged on Oct. 19, staying on the sidelines for longer than previously expected, a Reuters poll found. With inflation at a 19-month low of 2.28% in September, firmly within…
Indonesia backs global fight against plastic waste
The Indonesian government has voiced its full support for the global agenda to combat plastic waste polluting land and seas, according to the Ministry of Environment and Forestry (KLHK). “Indonesia is currently implementing policies aimed at combating plastic waste and pollution,” said Ary Sudijanto, Head…
PepsiCo Returns to Indonesia with $200 Million Investment
CIKARANG, 31 August 2023 – US food and beverage giant PepsiCo has announced a substantial investment of $200 million to build a new snack factory in Indonesia. This move marks the company’s return to the country after a four-year absence. The factory, located in the…
UK, Indonesia Extend Clean Energy Partnership with £6.5M New Funding
JAKARTA, 4 August 2023 – Indonesia and the United Kingdom on Friday agreed to extend the bilateral partnership for clean energy transition with £6.5 million (Rp 135 billion) in new funding and technical assistance from the UK to attract investment for renewable energy projects. Called…
TikTok in talks to gain Indonesian payments licence
JAKARTA, 4th August 2023 – TikTok told Reuters it is in early-stage talks with regulators to obtain a payments licence in Indonesia, a move that would further its e-commerce ambitions in a major market at a time when it is under intensifying scrutiny in the…
PUPR Ministry completes 10 development packages in IKN
JAKARTA, 28 July 2023 – The Public Works and Public Housing (PUPR) Ministry stated that 10 basic infrastructure development packages in the new capital city of Nusantara (IKN) had been completed, including Sepaku Semoi Dam, North Penajam Paser, East Kalimantan. “From the total of 75…
Sports ministry welcomes RI’s appointment as U-17 World Cup host
JAKARTA, 24 June 2023 – Minister of Youth and Sports Dito Ariotedjo stated that Indonesia welcomed its appointment as FIFA U-17 World Cup host, as decided by FIFA Council on Friday. “The Ministry of Youth and Sports welcomed FIFA’s decision to select Indonesia as host…
Japan’s emperor meets with Indonesian president on his first official foreign trip as monarch
BOGOR, 19 June 2023 — Japanese Emperor Naruhito met with Indonesian President Joko Widodo on Monday during his first official foreign trip since ascending the Chrysanthemum Throne in 2019. Widodo and first lady Iriana welcomed Naruhito and Empress Masako at the Bogor presidential palace, along…
TikTok to invest billions of dollars in Southeast Asia to boost e-commerce
JAKARTA, 15 June 2023 – Short video app TikTok, owned by China’s ByteDance, said on Thursday it would invest billions of dollars in Southeast Asia over the next few years, as it doubles down on the region amid intensifying global scrutiny over its data security….