May Inflation Lowest in Five Months
JAKARTA, 5 June 2023 – The inflation rate in May indicates a weakening trend after the post-Eid holiday period, even reaching the lowest inflation rate since January 2023, the Central Statistics Agency (BPS) announced on Monday. “The decrease in the inflation rate in May 2023…
Indonesia proposes demilitarised zone, UN referendum for Ukraine peace plan
SINGAPORE, 3 June 2023 – Indonesia’s defence minister on Saturday proposed a peace plan to end the war in Ukraine, calling for a demilitarised zone and a United Nations referendum in what he called disputed territory. Ukrainian foreign ministry spokesperson Oleg Nikolenko dismissed the plan,…
President Jokowi and ministers discuss Golden Visa policy
JAKARTA, 29 May 2023 – President Joko Widodo (Jokowi) and his cabinet ministers on Monday discussed the Golden Visa policy, which outlines stay permits and citizenship by investment programs. Tourism and Creative Economy Minister Sandiaga Uno said that the policy aims to attract more talent…
Nusantara Offers 80-Year Land Titles for Industrial Use
JAKARTA, 26 May 2023 – The government will grant land titles that span eight decades for industrial and residential properties in Nusantara, Indonesia’s planned new capital city which lies in East Kalimantan. “Nusantara will provide [investors] ease of doing business by granting land rights based…
NFA disburses 81.5% of stunting food assistance
JAKARTA, 26 May 2023 – The realization of food assistance distribution to 1.4 million families at risk of stunting (KRS) in 7 Indonesian provinces has reached 81.5 percent as of May 25, 2023, the National Food Agency (NFA) has said. “As we know, chicken meat…
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…
ASEAN invites UK businesses to invest in emission reduction efforts
JAKARTA – Chairperson of the ASEAN Business Advisory Council (ASEAN-BAC), Arsjad Rasjid, has invited business companies in the United Kingdom (UK) to invest in efforts to reduce carbon emissions and bolster health services in Southeast Asian countries. Rasjid and a number of representatives of ASEAN-BAC…
ASEAN to Work on Roadmap to Expand Payment Connectivity
JAKARTA – ASEAN will work on a roadmap to expand its regional payment connectivity to encompass all member states, according to the bloc’s chair Indonesia. The ASEAN-5 —Indonesia, Malaysia, the Philippines, Thailand, and Singapore— have inked an agreement on linking their QR code payment systems….