Geopolitics
Explore the global forces shaking the world and their ripple effects on Indonesia’s destiny.
Prabowo welcomes US$1.7 B investment boost from South Korean firms
President Prabowo Subianto met with a high-level delegation from the Federation of Korean Industries (FKI) at the Merdeka Palace in Jakarta on Monday, April 28, 2025, which ended with a commitment of the federation to inject an additional US$1.7 billion (Rp28.6 trillion) into various strategic projects across the country.
Indonesia asks IMF to reinforce global trade amid rising tensions
Governor of the Indonesian Central Bank (BI) Perry Warjiyo has called for a stronger role by the International Monetary Fund (IMF) in safeguarding global economic stability in the face of rising trade tensions and protectionist policies, particularly from major economies such as the United States.
No Indonesian victims in Iran port explosion: FM Spokesman
Indonesian Foreign Ministry spokesman Rolliansyah Soemirat has confirmed that there were no Indonesian citizens among victims of a deadly explosion at Shahid Rajaee Port in Bandar Abbas, Iran, on Friday, April 26, 2025.
Government's trade strategy in the spotlight as current account deficit may widen
The International Monetary Fund (IMF) has projected that Indonesia's current account deficit will widen to 1.5 percent of Gross Domestic Product (GDP) in 2025 and increase to 1.6 percent in 2026, signaling a weakening trend in the country's external resilience amid the government's strategy of increasing imports from the United States in order to ease President Donald Trump's trade tariffs.
BCA CEO stresses effects of global uncertainty, Trump's policy as Stocks corrected
President Director of PT Bank Central Asia (BCA) Jahja Setiaatmadja responded to the recent downward trend in banking sector stock prices, citing correction has not only been experienced by BCA shares, but also other large banks − both state-owned and private.
BI maintains benchmark interest rate amid threat of global economic slowdown
The Board of Governors Meeting of the Indonesian Central Bank (BI) on April 22-23, 2025 decided to maintain the benchmark interest rate (BI Rate) at 5.75 percent over consideration of increased uncertainty amidst U.S.-China trade tariffs war and threat of slowing global economic growth.
Economists praise Indonesia’s trade talks with U.S.
Indonesia’s recent negotiations with the United States are seen as a strategic move aimed at safeguarding national economic interests rather than signaling a geopolitical shift away from China, said Fithra Faisal Hastiadi, Chief Economist at Samuel Sekuritas Indonesia.
Palestine allows temporary evacuation of 1,000 Gazans for medical treatment, recovery
Jakarta claims to have secured the green light from the Palestinian Government regarding President Prabowo Subianto's proposal to evacuate 1,000 Gaza Strip residents to Indonesia.
Indonesia affirms neutrality in U.S.-China trade war, chooses diplomacy path
The government has affirmed its commitment to maintaining balanced trade relations with all international partners, including the United States and China.
BI ready to cooperate on QRIS payment system with the U.S
The Indonesian Central Bank (BI) has expressed its readiness to cooperate with the United States in using the Quick Response Code Indonesian Standard (QRIS) digital payment system.
Pope Francis passes away at age 88
The supreme leader of the Catholic Church and Head of State of the Vatican, Pope Francis, passed away on Monday, April 21, 2025, at 07.35 local time in Vatican.
Indonesia fast-tracks talks with U.S., aiming to finalize tarif and trade deal in 60 days
An Indonesian delegation led by Coordinating Minister for the Economy Airlangga Hartarto has met with United States Trade Representative Jamieson Greer and U.S. Secretary of Commerce Howard Lutnick in Washington D.C. to discuss tariff policy issues and strengthen bilateral economic partnerships.