Indonesia Carbon Exchange Outpaces That of Malaysia, Japan
Jakarta, 26 October 2023 – Since its inauguration by President Joko Widodo (Jokowi) on September 26, the Indonesia Carbon Exchange (IDX Carbon) has surpassed the performance of similar exchanges in Malaysia and Japan. The Indonesia Stock Exchange (IDX) has introduced the latest developments in the…
IA-CEPA Increases RI-Australia Trade by Up to 85%
Jakarta, 25 October 2023 – The trend of trade cooperation between Indonesia and Australia continues to increase following the implementation of the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), which was agreed upon in 2019. As conveyed by the Indonesian Ambassador to Australia Siswo Pramono at…
Jakarta’s Plan on Online Shops, Ojek Tax Implementation Awaits Central Govt’s Approval
Jakarta, 25 October 2023 – The provincial government of Jakarta is expressing its plan to tax online shops and online ojek. However, as stated by the Head of Jakarta Local Revenue Office Lusiana Herawati, the capital city still awaited a clear regulation on online shops and online ojek to be released…
Indonesia president says rupiah’s drop still ‘safe’, flags tax incentives
Jakarta, 24 October 2023 – Indonesia President Joko Widodo said on Tuesday the rupiah’s recent depreciation rate against the dollar was still “safe” for Southeast Asia’s largest economy and its inflation targets and that his government was drafting tax incentives to boost growth. Speaking at…
Indonesia Helps Vanuatu Fix Cyclone-Hit Airport
Jakarta, 24 October 2023 – Indonesia sent 20 tons of building materials over the weekend to help Vanuatu fix its cyclone-hit Port Vila International Airport. The Judy and Kevin cyclones swept through Vanuatu in early March. Following the disaster, Indonesia announced it would provide humanitarian…
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…
KCIC records 11,000 passengers of Whoosh HSR on Saturday
Jakarta, 23 October 2023 – PT Kereta Cepat Indonesia China (KCIC) on Saturday (October 21) recorded Whoosh’s highest train occupancy rate with 11,329 passengers boarding this Jakarta-Bandung High-Speed Railway in a day since its commercial operations were commenced on October 17. This train occupancy rate (TOR)…
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…
Jokowi-Xi Jinping Talks: Indonesia Wants Stronger Investment Ties
Jakarta, 20 October 2023 – President Joko “Jokowi” Widodo recently met with his Chinese counterpart Xi Jinping and as expected, Jakarta tried to pursue stronger investment ties with Beijing, particularly in the electric vehicle (EV) battery and petrochemicals sectors. The two leaders had a bilateral…