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…
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…
ASEAN discusses 2025 blueprint development for financial sector
JAKARTA – The ASEAN Finance and Central Bank Deputies Meeting-Working Group (AFCDM-WG) discussed development of ASEAN Blueprint 2025 that was reflected in various working committee agendas in the ASEAN financial sector in 2022 and 2023 work plan. “During its leadership in ASEAN, Indonesia will work…
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…
ASEAN Countries in Talks for Regional EV Ecosystem
JAKARTA – ASEAN member states are in talks for a regional ecosystem of electric vehicles as chair Indonesia seeks to make Southeast Asia remain an epicenter of economic growth, according to the Foreign Affairs Ministry. “This is about how we can set up a regional [EV]…