Thousands of protesters have rallied in Indonesia’s biggest cities seeking to pile pressure on the government to reverse the country’s first subsidised fuel price hike in eight years amid soaring inflation.
Business
When Indonesia, Southeast Asia’s largest economy, first began grappling with COVID in 2020, its government was widely criticized for choosing to save the economy over people’s lives in its COVID-19 policies.
Indonesian President Joko Widodo has raised some fuel prices by around 30% to contain ballooning spending on energy subsidies in Southeast Asia’s biggest economy.
Pemerintah Indonesia menjadi target kritik karena dianggap memilih menyelamatkan perekonomian alih-alih masyarakat dalam manajemen COVID-19 yang dilakukannya.
PT Indosat is considering selling some telecommunications towers, as the Indonesian carrier continues to offload assets amid rising demand for digital infrastructure, people familiar with the matter said.
It’s clear that economic development assistance has to be at the forefront of this new engagement. However, large-scale investments and infrastructure projects—while necessary—are difficult.
The IndOz Conference 2022 in Brisbane featured discussions about energy, education, digital economy and health and carried the theme of “stronger together”.
President Joko Widodo wants Indonesia to be more than a source of commodities, and investors are buying it.
In a statement, a senior communications ministry official, disclosed that the ministry had sent recommendations on data protection to Telkom and PLN, after calling on the firms following the incident.
Indonesia’s first interest rate hike in four years made its central bank one of the last to abandon pandemic-era monetary settings, but it’s also given investors cause to stay bullish on one of the world’s more resilient emerging markets.
Coming after two years of pandemic-induced deficit spending, the budget assumes a strong return to growth and revenue potential in the years to come.
Australia wants to put more of its $2.3 trillion pool of retirement savings to work in Indonesia as the government seeks to strengthen economic ties with its neighbor.
A new movement is underway across Asia Pacific’s gaming landscape: play-to-own. Home to a thriving online gaming ecosystem along with a young, connected, digitally-native population, the region is well-equipped for this latest innovation in gaming.
Indonesia stands at the “pinnacle” of international leadership and its economy is strong enough to withstand global headwinds, Indonesian President Joko “Jokowi” Widodo has said in an annual address to parliament.
With IA-CEPA now in full swing, businesses in eastern Indonesia are highly encouraged to tap into the many opportunities available to maximise the benefits of the agreement.
The Alva One motorcycle, classified as a battery electric vehicle (BEV), will be produced in a manufacturing plant in Cikarang, West Java, which has an annual output of 100,000 vehicles.
