In 2022, Indonesia began implementing its Just Energy Transition Partnership (JETP), aiming to mobilise $20 billion over three-to-five years.
Trade
Indonesia is seeking to sign its trade pact with Sri Lanka by next March while hoping that one year of negotiations is enough to close the deal.
Indonesia’s move to get more goods produced onshore is already starting to backfire, with companies warning that supplies of products including Apple Inc.’s MacBook Pro could start to run out as soon as the end of April.
Indonesia is evaluating regulations designed to curb imports of more than 3,000 products, a senior trade ministry official said on Friday, following industry concerns the rules could disrupt the domestic supply chain and disrupt exports.
More than 100 Australian cattle have died on a live export ship to Indonesia — likely one of the highest mortality rates ever reported on an Australian cattle shipment.
A PTA typically reduces or eliminates tariffs on selected goods, making it the first step in economic integration. During the launch, both countries found the PTA to become a key building block towards a free trade agreement (FTA) — a more comprehensive deal that usually aims to lift the tariffs across all goods.
Indonesia and Sri Lanka on Thursday launched the negotiations for a preferential trade agreement (PTA) after waiting since 2017.
Backed by Chinese capital, Indonesia’s rapidly growing nickel sector has shown how important geology, technology and controlling the means of production is to the battle lines being drawn over critical minerals.
Plans to introduce 40-75 percent tax rate for entertainment services prompt fierce backlash from businesses.
Indonesia’s economy grew 5.0% in the fourth quarter from a year earlier, supported by resilient domestic consumption, despite exports shrinking and commodity prices falling, a Reuters poll of 23 economists found.
Australia’s northern cattle trade is in limbo as the industry waits for Indonesia to issue official cattle import permits for 2024.
Tokyo to remove tariffs on processed fishery items, sides to improve banking relations.
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).
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.
A first for Southeast Asia is worth celebrating. But infrastructure spending still must prove itself effective.
President Joko Widodo has overseen an era of strong growth and rapid development. In an interview, he reveals far larger ambitions.
