ASEAN
Bali plans to expand ASEAN market share
The Bali provincial government is looking to expand the market share of Balinese products in the ASEAN region following the relaxed post-COVID situation.
Indonesia encourages use of ASEAN currencies as alternative to US Dollar
Indonesia is currently taking part in encouraging the reduction of the use of non-ASEAN currencies for transactions between ASEAN members. The move was made as part of the ASEAN Regulations and in response to the latest trends in global finance where major economies began to abandon the US Dollar as a means of transaction.
Indonesia drives effort to establish ASEAN power grids interconnection
The Director General of Electricity at the Ministry of Energy and Mineral Resources (ESDM) Jisman Hutajulu, said that Indonesia has initiated a power grid interconnection project with Brunei Darussalam, Malaysia, and the Philippines (BIMF).
ASEAN Economic Ministers retreat lay out key milestones and future priorities
On Wednesday, March 22, 2023, the 29th ASEAN Economic Ministers (AEM) Retreat was hosted by the Ministry of Trade in Magelang, Central Java. During the meeting, Indonesia manages to influence the AEM to approve seven Priority Economic Deliverables within the specific framework of AEM. The chair of the 29th AEM Retreat was the Minister of Trade of Indonesia Zulkifli Hasan.
Indonesia is pushing for a new ASEAN framework through 2023 ASEAN-BAC Chairmanship
The Indonesia chairmanship in the 2023 ASEAN Business Advisory Council (ASEAN-BAC) will be focusing on advancing the economic and business interest of the region. It is in line with the theme “ASEAN Centrality: Innovation Towards Greater Inclusivity” which highlights the centrality of economic growth in ASEAN which is not only driven by the government but also by the business and people-to-people approaches.
Indonesia is targeting 30 million MSMEs digitalization in ASEAN
Indonesia, as one of the largest economies in Southeast Asia, recognizes the importance of Micro, Small, and Medium-sized Enterprises (MSMEs) to its economy and has been prioritizing the digitalization of MSMEs in recent years. According to Coordinating Minister for Economic Affairs, Airlangga Hartarto, MSMEs play an important role in supporting Indonesia's economic resilience with 61.07 percent or Rp8,574 trillion contribution to the Gross Domestic Product (GDP) in 2021.
Jokowi's ASEAN vision: Securing stability and prosperity for 2045
As the ASEAN 2023's Chairman, Indonesia hopes to bring stability and prosperity in the region on various issues, including climate change, cyber security, digital economy and disruption of the regional supply chain. Therefore, the government must create a strong foundation of cooperation so that ASEAN can face all kinds of challenges in a responsive manner as a region.
Indonesia establishes largest sharia financial center in ASEAN despite lack of customers
Indonesia will have the largest Islamic Financial Center in ASEAN with the topping of the Syariah Tower in Pantai Indah Kapuk (PIK) 2 in North Jakarta on August 23, 2022. It is, somehow, contradicts to the fact that majority Muslims in Indonesia still use conventional banking, instead of sharia banking.