S. Korea to Make Indonesia Production Base in ASEAN with IK-CEPA
JAKARTA – South Korea intends to make Indonesia a production base in ASEAN, now that both countries are eliminating most of their tariffs, including on auto parts and steel, according to its government official on Thursday. The Indonesia-Korea Comprehensive Partnership Agreement (IK-CEPA) came into force…
2023 state budget focused on employment, poverty alleviation: Jokowi
JAKARTA – President Joko Widodo (Jokowi) appealed to all ministerial ranks to channel the 2023 state budget into productive activities, especially pertaining to job creation. “The 2023 state budget must be focused on productive activities, especially in the context of job creation and poverty alleviation,”…
Inflation stable in March but COVID-19 risks loom over outlook: Economists
Indonesia recorded a benign inflation rate in March as the government’s measures to maintain food prices remain in check but the COVID-19 pandemic poses risks to this year’s outlook, economists have said. The consumer price index (CPI) stood at 0.1 percent in March, slightly lower…
Exclusive Interview
Jaspal Sidhu
Founder and Chairman of SIS Group of Schools
In the first of a two-part episode in IEF’s series dubbed Game Changers, Jaspal Sidhu, Founder, and Chairman of SIS Group of Schools, disclose key factors shaping the education sector in Indonesia today.
International dignitaries, communities mourn BJ Habibie’s demise
Condolences continue to pour onthe first day of mourning. International dignitaries are offering their condolences over the demise of Indonesia’s former president Bacharuddin Jusuf Habibie at the age of 83 on Wednesday. Australia Prime Minister Scott Morrison, tweeted his condolences on Thursday on his official…
Jokowi tells ministers to take advantage of US-China trade war, as investors bypass Indonesia
President Jokowi underlines foreign direct investment as the key to shield Indonesia from looming global slowdown Research by the World Bank revealed that Chinese companies seeking to shift operations due to the trade war with the US had gone to Vietnam, Malaysia, Thailand and Cambodia…
Exclusive Interview with Tom Lembong
In the first of a three-part series, Thomas Lembong, Chairman of the Indonesia Investment Coordinating Board, shares his advice for developing countries amidst the backdrop of the US-China trade war.
Products Labelled ‘Palm Oil-Free’ Banned from Shelves in Indonesia
Indonesia and Malaysia have threatened to retaliate a potential trade war with the EU on palm oil products JAKARTA (BLOOMBERG) – Indonesia, the world’s top palm oil producer and consumer, is joining Malaysia in removing anti-palm oil products from grocery store shelves. Local and imported…