Tokyo to remove tariffs on processed fishery items, sides to improve banking relations.
Business
Japanese companies today favor investing in Southeast Asia as Tokyo’s economy slows, according to Shujiro Urata, a senior research advisor to the president of the think-tank Economic Research Institute for ASEAN and East Asia (ERIA).
Economists have long advised Indonesia to reduce its reliance on commodity exports and promote economic diversification. In 2020, the COVID-19-induced recession led to a more draconian diversification approach with a ban on the export of all unprocessed nickel.
Indonesia’s wheat imports are expected to rebound in 2023-24, assuming an improved global economy, population growth and increasing demand from the upcoming general election, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.
Indonesia’s Minister for Tourism and Creative Economies, Sandiaga Uno, has revealed tourism targets for the country for 2024. He said “The achievement of foreign tourist visits to Indonesia this year is around 11 million or above the target of 8.5 million”.
Indonesia was one of the top five health food exporters of health foods to China last year and has continued to surpass even Japan.
A first for Southeast Asia is worth celebrating. But infrastructure spending still must prove itself effective.
MELBOURNE : Nickel Industries is inviting electric vehicle and battery makers including Tesla to its Indonesian facilities as it seeks potential investors to the plant, the Australian company’s chief executive said.
Australia and Indonesia have agreed to advance mutually beneficial cooperation on battery manufacturing, critical minerals processing and other aspects of the electric vehicle ecosystem.
President Joko Widodo has overseen an era of strong growth and rapid development. In an interview, he reveals far larger ambitions.
When the G20 summit opened in Bali in November 2022, rancour over Russia’s ongoing invasion of Ukraine was high. According to the host, Indonesia’s President Joko Widodo, this was the “most difficult” G20 summit ever.
Indonesia has inked three different trade agreements meant to improve access to the Australian market, but the country’s exports to its southern neighbor have barely budged over the past years, the government said.
Indonesia President Joko Widodo on Thursday (Nov 2) said the government will push for the development of a domestic seaweed processing industry, including for the production of fuel.
Indonesia’s gross domestic product is expected to grow 5.0-5.1 per cent year on year at 2023-end, supported by factors, including spending before 2024 General Elections, an economist of the University of Indonesia Teuku Riefky stated.
Not only is the country grappling with a falling rupiah, food insecurity and a current account deficit, but investors are also staying on the sidelines until a winner emerges from the Feb 14 poll.
Chinese group sets up teams to explore way forward after biggest ecommerce market imposes curbs.
