Indonesia Airlines Group (INA), a new carrier backed by Singapore-based Calypte Holding Pte Ltd, is set to enter Indonesia’s aviation sector with a focus on international routes. Unlike most local airlines, INA aims to position itself as a premium airline.
Business
Indonesia’s consumer price index fell for the first time in more than two decades in February, official data showed on Monday, after the government gave a substantial discount on electricity bills to support economic growth.
Indonesia launched on Feb 26 its first gold bullion banks, a move aligned with the country’s move to develop its metal processing industry and promote local management of gold deposits.
The Indonesian Ministry of Energy and Mineral Resources (ESDM) is collaborating with the Northern Territory (NT) of Australia in strengthening the supply chain of critical and strategic minerals.
In the wake of the temporary disruption to durian exports from Thailand and Vietnam to China due to issues with auramine O dye contamination, Liferdi Lukman, director of fruit and floriculture at Indonesia’s Ministry of Agriculture, noted that this presents a prime opportunity for Indonesia to directly export its own durians to China.
Charles Darwin University is pleased to announce the appointment of Dr Nathan Franklin to the role of Associate Vice-Chancellor (AVC) Indonesia.
For Indonesian manufacturing companies, the need to become more sustainable comes from two urgent priorities: decarbonising production and more efficient energy use.
Indonesia is aiming to increase the share of renewable energy under its electricity supply plan over the next ten years, fueled by more solar, hydro and geothermal capacity, a deputy minister said on Tuesday.
Indonesia, Southeast Asia’s largest economy, welcomed 13.9 million foreign tourists in 2024, marking a 19% year-on-year increase and the highest figure over the past five years.
In a bold move to strengthen its foreign exchange reserves and stabilize the local currency, Indonesia has announced that natural resource exporters will be required to retain all export proceeds onshore for at least one year.
India and Indonesia have agreed to address technical trade barriers, according to Chief Economic Affairs Minister Airlangga Hartarto.
The Indonesian government is finalizing a regulation that will require natural commodity exporters to retain all their foreign exchange revenues in local banks or financial markets for at least one year, Coordinating Minister for Economic Affairs Airlangga Hartarto said.
Indonesia’s Finance Minister Sri Mulyani Indrawati has forecast a growth rate of 5.01% for the country’s economy in the fourth quarter of 2024.
China’s economic malaise, however, means its people have been slower to join the global wave of post-pandemic ‘revenge travel’.
Last September, Indonesia submitted a formal application for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
Indonesia plans to form a state revenue ministry to improve revenue collection, Hashim Djojohadikusumo, brother and a close advisor of President Prabowo Subianto, said on Sunday, according to a report by news portal Detik.com.
