The Indonesian leader “says he hopes to clinch a landmark deal” with Australia on electric vehicles that he believes can make the countries major players in a mega-industry dominated by China”.
Business
Kevin Evans, of the Australia-Indonesia Centre, says it would be difficult for Indonesia to achieve its EV ambitions without Australian lithium.
Solo Mayor Gibran Rakabuming, eldest son of Indonesian President Joko Widodo, has just handed out 61 electric motorcycles to government workers in the Central Java city of Surakarta.
Minister of Maritime Affairs and Investment, Luhut Binsar Pandjaitan, plans to visit the International Monetary Fund (IMF) to discuss the IMF’s request for Indonesia to consider lifting the policy banning nickel exports.
Mitsubishi UFJ Financial Group (8306.T) said on Monday it was buying Indonesian auto loan provider Mandala Multifinance (MFIN.JK) for 7 trillion rupiah ($467 million) to deepen its Asian presence and tap consumption growth in emerging markets.
Dubai-based ports operator aims to increase BNCT’s capacity to 1.4 million TEUs, up from 600,000 TEUs.
Indonesia has launched its first satellite into space to “ensure equal” access to the internet throughout the country.
“During the COVID-19 pandemic, only the agricultural sector grew. It was not the Ministry of Agriculture that made the data but Statistics Indonesia (BPS),” the minister remarked on Saturday.
The governments of Australia and Indonesia have announced the completion of two facilities in Jakarta to improve safety measures across the maritime sector – a Solid Bulk Cargoes Testing and Training Facility and the Ship Safety Inspection Centre of Excellence.
Indonesia’s trade logistics performance is still lagging behind other ASEAN member states and the government is blaming the country’s geographical traits for its underwhelming performance.
In the wake of COVID-19, Indonesia has the opportunity to shift away from a growth-oriented economic model towards an inclusive blue economy.
Indonesia’s transport ministry and three consultants have pushed back on a China-funded consortium’s plan to start full commercial operations of the country’s $7.3 billion first high-speed train service in August, an internal document shows.
India and China get the plaudits, but Indonesia is also taking impressive digital strides capitalising on local talent.
Indonesia has renewed its threat to take back Shell’s (SHEL.L) stake in the gas-rich Masela block if it fails to sell it by next year, according to a senior government official, who confirmed Malaysia’s state-run Petronas was a potential buyer.
Covid-19 forced Southeast Asia’s largest economy to make do without foreign capital and reimagine its economic destiny.
The $31bn development project on Borneo is so far falling short of its investment goals.
