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…
Japan’s emperor meets with Indonesian president on his first official foreign trip as monarch
BOGOR, 19 June 2023 — Japanese Emperor Naruhito met with Indonesian President Joko Widodo on Monday during his first official foreign trip since ascending the Chrysanthemum Throne in 2019. Widodo and first lady Iriana welcomed Naruhito and Empress Masako at the Bogor presidential palace, along…
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…
SoftBank Offers to Invest Up to $40bn in Indonesia’s New Capital
Source: BangkokPost, January 19 2019 JAKARTA: Japan’s SoftBank Group has offered to invest between US$30 billion and $40 billion in the development of the new Indonesian capital on Borneo Island, a close aide of President Joko “Jokowi” Widodo said Friday. In a meeting last week…
A Paradigm Shift in Education Underway
As Indonesia enters a new decade, the nation of 260 million people faces a make or break opportunity. Endowed with a young productive population, strong macroeconomic fundamentals, rich natural resources and political stability, the country is poised to make the jump to becoming a higher…
Private Equity Fund Led By Former World Bank Boss to Invest $3b in Indonesia: Luhut
Source: Jakarta Post, December 16 2019 Private equity fund Global Infrastructure Partners (GIP) is interested in investing in three projects in Indonesia, a high-ranking official has said. The GIP’s total investments could reach around US$3 billion, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said…
Jokowi Named 2019 Asian of the Year by ‘The Straits Times’
Source: Jakarta Post, December 5 2019 Singaporean daily The Straits Times has named Indonesian President Joko “Jokowi” Widodo as its 2019 Asian of the Year for “dexterity and nous in navigating the tricky cross-currents of domestic politics and international affairs”. This year has been a tumultuous one for the…
Jokowi wants Trump-style Deregulation in Indonesia
Source: Jakarta Post, November 11 2019 By: Marchio Irfan Gorbiano President Joko “Jokowi” Widodo has instructed his ministers to slash regulations for every new rule issuance, inspired by a story shared with him by US Secretary of Commerce Wilbur Ross about President Donald Trump’s deregulation…
Why Indonesia Is Missing Out as Companies Move Out of China
Source: Bloomberg, November 11 2019 By: Karlis Salna Follow Bloomberg on LINE messenger for all the business news and analysis you need. Indonesia is Southeast Asia’s biggest economy, with one of the biggest labor pools in the world. But it punches beneath its weight when it…
Indonesia Misses Ease of Doing Business Target
Source: Jakarta Globe, October 25 2019 BY: DION BISARA Jakarta. Indonesia failed to improve its rank in the latest ease of doing business list issued by the World Bank, falling short of President Joko “Jokowi” Widodo’s promise to put the country in the top 40 this year. The list,…