Geopolitics
Explore the global forces shaking the world and their ripple effects on Indonesia’s destiny.
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.
Germany pushes for Indonesia-EU to reach trade deal soon
German Chancellor Olaf Scholz promised to push for a trade deal between the European Union and Indonesia as part of efforts to be less reliant on raw materials from China.
Jokowi meets US Congressional Members, urges stronger strategic partnership
Indonesian President Joko “Jokowi” Widodo met with five members of the US Congress from the Democratic Party at the Presidential Palace, on Wednesday (12/4). The US Congress members conveyed the commitment about the importance of strategic partnership with Indonesia.
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.
Indonesian minister Luhut invites China to invest in IKN
Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, conveyed President Jokowi’s message to invite Chinese investors to invest in the Nusantara Capital City (IKN). The message was conveyed during the meeting with the Chairman of China’s National Development and Reform Commission (NDRC) Zheng Shanjie, in Beijing, China, on Tuesday (4/4).
Jokowi meets UAE Ambassador, discusses economic strengthening and investment
Indonesian President Joko "Jokowi" Widodo met with the Ambassador of the United Arab Emirates (UAE) to the Republic of Indonesia, Abdulla Salem Al Dhaheri on Tuesday (4/4), to discuss efforts to strengthen economic relations and boost investment between the two countries. Jokowi hoped that the ratification of the Indonesia-UAE Comprehensive Economic Partnership can be finalized soon.
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).
World cup host cancellation may cause a domino effect for Indonesia
Indonesia has been stripped of the right to host the U-20 World Cup, as FIFA has announced on Wednesday (29/3). FIFA stated that Indonesia was canceled from hosting the 24-team tournament scheduled to start on May 20 “due to the current circumstances”, without specifying details.
SVB’s collapse: lessons learned for Indonesia’s banking industry
The collapse of Silicon Valley Bank, SVB, sent shockwaves through the financial system, reviving memories of the global crisis in 2008.
Indonesia commits to upholding human rights with 205 UPR recommendations
Indonesia's 4th Cycle Universal Periodic Review (UPR) Report was approved by the UN Human Rights Council during the 52nd UN Human Rights Council Session held in Geneva, Switzerland on March 27, 2023.
Indonesia signs IDR 717 million cocoa powder export deal with Egypt
PT Kans Agro Indonesia will export 25 tons of cocoa powder to Egypt through a contract worth IDR 717 million signed with A to Z for Import & Export on March 27, 2023.