#International
Indonesia-Malaysia joint mission to voices concerns on EU deforestation law
Top officials from Indonesia and Malaysia, the world’s largest palm oil producers, are scheduled to visit the European Union HQ in Brussel, Belgia on May 30-31, 2023. The joint team will voice their concerns about a new deforestation law that they believe could adversely affect small farming businesses.
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.
Exxonmobil settles a landmark case lawsuit by Aceh villagers
Villagers in Aceh sued ExxonMobil for gross human rights violations committed by the Indonesian military 22 years ago.
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).
Volkswagen expressed interest in making investment in nickel ore processing in Indonesia
German car manufacturer Volkswagen expressed its interest and commitment to becoming a part of the electric vehicle battery supply chain by making investment in nickel ore processing industry through one of its member of group of companies Volkswagen PowerCo.
Oil and gas businesses association explains reasons why foreign investors are leaving Indonesia's oil and gas industry
A number of problems have caused a number of foreign PMA to leave Indonesia, ranging from weak laws, lack of incentives and complicated bureaucracy such as the never-ending Oil and Gas Draft Bill revision, and lack of interesting incentives.
Indonesia cuts tax incentives to limit investment in lower quality nickel products
Indonesia has reduced tax incentives to restrict investment in lower-quality nickel products, including nickel pig iron (NPI) and second-class nickel ore processing products. The government has made the decision to make the most of its abundant nickel reserves and to encourage more high-value investments in the downstream.
Saudi Arabia steps up to help Indonesian evacuees amid Sudan clashes
Saudi Arabia, as a close ally of Indonesia, steps forward to provide assistance to Indonesians fleeing Sudan.
Indomie products withdrawn from Malaysia, Taiwan, carcinogenic substance detected
Indomie products from Indonesia were withdrawn from the Taiwanese and Malaysian markets after the discovery of traces of ethylene oxide (EtO), a carcinogenic compound. However, currently, there is no international regulation from FAO regarding the maximum level of EtO.
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.