Geopolitics and Diplomacy
Explore the global forces shaking the world and their ripple effects on Indonesia’s destiny.
Indonesia, Iran sign preferential agreement to boost trade cooperation
The governments of Indonesian and Iran signed a preferential Trade Agreement (PTA) at the Bogor Palace, on Tuesday (23/5). The signing was carried out by the Indonesian Trade Minister Zulkifli Hasan and the Minister of Foreign Affairs of Iran Hossein Amirabdollahian, witnessed by Indonesian President Joko Widodo and Iranian President Seyyed Ebrahim Raisi.
Jokowi seizes opportunity at G7 Summit to attract investors for key projects
During the G7 Summit held from May 19 to 23, President Joko “Jokowi” Widodo utilized the forum to engage with countries that possess promising investment prospects in major projects, extending beyond the Nusantara Capital City (IKN) initiatives.
Indonesia seeks support from IPG and GFANZ for energy transition through JETP implementation
The government is pushing for real support from the International Partners Group (IPG) and the Glasgow Financial Alliance for Net Zero (GFANZ) for the energy transition in Indonesia, by creating transparent and accountable financing mechanisms and structures.
Indonesia’s share in Islamic Development Bank surges to third-largest in 2023
The Indonesian government has increased its shares in the Islamic Development Bank (IsDB), making it the third-largest shareholder in the institution after Saudi Arabia and Libya, according to a statement released on Sunday (14/5).
PT Timah eyes Canadian company to develop rare earth minerals
PT Timah Tbk (TINS) is struggling to develop its rare earth mineral business due to various challenges, including a lack of partners, limited technology, and the need for significant funding.
KAI Commuter to purchase 16 new trains from INKA in IDR4 trillion investment
PT Kereta Commuter Indonesia (KCI) or KAI Commuter has prepared an investment of IDR 4 trillion for the procurement of 16 new trains produced by PT Industri Kereta Api (Persero) or PT INKA. This procurement will be operational in 2025-2026, according to the KAI Commuter VP Corporate Secretary Erni Sylviane Purba on Wednesday, May 3, 2023.
Indonesia collaborates with FAO, Australia to combat costly livestock disease
Indonesia has moved another step closer to eradicating costly livestock diseases such as lumpy skin disease (LSD) and foot-mouth-disease (FMD) with the help of the United Nations’ Food and Agriculture (FAO) and Australia.
Indonesia, Netherlands seek to expand dairy industry cooperation
The Indonesian Ministry of Industry explores cooperation and investment opportunities with the Dutch government and companies in the provision of dairy cows to spur the development of Indonesia’s dairy processing industry.
Indonesia cooperates with Korean company for IKN housing projects
The Indonesian government will start building state civil apparatus (ASN) residences in the new Nusantara capital city (IKN) in the middle of this year.
Indonesia, Czech Republic partnership strengthens defence modernization plans
The Czech Republic, the country with one of the most prominent defense and security industry, is seeking to help Indonesia in the modernization of the country's arsenal.
Bank Indonesia to sign LCT agreement with South Korean Central Bank
The Indonesian Central Bank (Bank Indonesia) is looking forward to signing a local currency transaction (LCT) agreement with the South Korean Central Bank (the Bank of Korea). As previously reported, ASEAN member countries have been focusing to reduce international transactions from using the US Dollar.
Jokowi and Scholz forge ahead with a joint committee on investment, digitization, and IEU-CEPA
President Joko Widodo and German Chancellor Olaf Scholz met in Germany to agree on Government to Government (G2G) cooperation regarding the Joint Declaration of Intent on Joint Economic and Investment Committee.