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…
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…
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]…
ASEAN tourism adept at facing global challenges: Minister
YOGYAKARTA – Tourism and Creative Economy Minister Sandiaga Salahuddin Uno is optimistic that tourism in ASEAN would continue to grow through support from improvement of human resources and MSMEs to be able to face global economic challenges. The growth in international tourist visits in 2022…
ASEAN chairmanship: Kadin to introduce seven breakthroughs
JAKARTA – The Indonesian Chamber of Commerce and Industry (Kadin), which is chairing the 2023 ASEAN Business Advisory Council (ASEAN-BAC), will introduce seven legacy breakthroughs on five priority issues during Indonesia’s ASEAN chairmanship this year. The information was conveyed by Kadin chairperson and chair of…
President Jokowi kicks off Indonesia’s ASEAN chairmanship in Jakarta
JAKARTA – President Joko “Jokowi” Widodo delivered an opening speech at the 2023 ASEAN Indonesia Chairmanship Kick-Off event on Sunday, organized by the Foreign Ministry and the Jakarta administration Government of DKI Jakarta at the Hotel Indonesia traffic circle in Central Jakarta. Jokowi expressed confidence…
Indonesia’s Competitiveness Ranking Drops 5 Spots as Singapore Tops List: World Economic Forum
Indonesia’s ranking in the World Economic Forum’s global competitiveness index dropped five places in 2019 to 50th out of 141 economies, while Singapore takes over the United States as the world’s most competitive country. Indonesia, the largest economy in Southeast Asia, scored 65 out of…