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….
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…
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 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…
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,…
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…
Indonesia readies road map for Timor Leste’s full ASEAN membership
JAKARTA – Indonesia, as the chair of ASEAN this year, is preparing a road map to support the full membership of the Democratic Republic of Timor Leste in the regional association. Indonesian President Joko Widodo (Jokowi) made the announcement in a joint statement issued with…
Indonesia’s 2022 GDP growth races to a 9-year high on resource boom
JAKARTA – Indonesia’s economic growth climbed to its strongest in nine years last year fueled by revived spending from the lifting of pandemic restrictions and as a global commodity boom sent exports to a record high. Southeast Asia’s largest economy gained from high global commodities…
Indonesia to suspend some palm oil export permits – officials
JAKARTA – Indonesia will suspend some palm oil export permits to secure domestic supply amid rising cooking oil prices ahead of upcoming Islamic festivals, senior cabinet minister Luhut Pandjaitan said on his official Instagram account on Monday. Palm oil exporters had accumulated large shipment quotas…