#International
Indonesia-Israel export-import improves despite recent U20 rejections
Despite the recent protest and rejection against the Israeli national football team, which leads to the cancellation of the U-20 World Cup scheduled to be held in Indonesia in May 2023, it is interesting to know that Indonesia trade between Indonesia and Israel was improving in the past five years.
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.
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.
Indonesia-China strengthen ties through trade, investment, and cooperation
From March 22nd to March 28th 2023, the "Indonesia-China (Shandong) Exchange Week" was conducted by the Indonesian Embassy and Bank Indonesia Representative Office in Beijing in collaboration with the Dezhou City Government and the Shandong Provincial Government.
Indonesia, Papua New Guinea meets, discuss issues related to border and bilateral relations
On March 21, 2023, Indonesian Minister of Foreign Affairs Retno LP Marsudi met Papua New Guinea (PNG) Minister Tkatchenko at Bogor Botanical Garden to conclude the 3rd Joint Ministerial Commission (JMC) between Indonesia and Papua New Guinea.
Government plan to grant early extension of Freeport permit will violate mineral and coal law
The Indonesian government is awaiting the submission of PT Freeport Indonesia's request for an early extension of its special mining business permit. The current permit will expire in 2041. "We are currently waiting for Freeport to request an extension," Minister of Energy and Mineral Resources Arifin Tasrif stated on March 17, 2023.
Air Products withdraws from their Indonesian projects following incentive offer from the US
Air Products and Chemical Inc. has decided not to pursue two downstream coal development projects in Indonesia. The company decided to withdraw from its coal gasification into DME collaboration with PT Bukit Asam Tbk (PTBA) and PT Pertamina. It also decided not to continue their engagement in developing methanol gas production facility in cooperation with Bakrie Group companies, PT Kaltim Prima Coal and PT Arutmin Indonesia.
Russia gives simplifying visa for 'friendly countries'
Moscow is working on simplifying visa procedures for six of its friendliest countries, including Indonesia, due to the recent drop on tourist number in Russia. The other nation receiving the simplifying visa procedures are Angola, Vietnam, Syria and the Philippines.
I'm the optimistic type that hopes… we can make a change for ourselves: Nicolas Parrot
Nicolas Parrot is the President Director at PT Bank BNP Paribas Indonesia and an Executive member of the Indonesia International Banks Association and board member of the Indonesian French Chamber of Commerce. He recently spoke to Indonesia Business Post on his career at BNP Paribas, being a banker in Indonesia and his views on Indonesia’s biggest challenges.
PepsiCo, FrieslandCampina suspend palm oil sourcing from Astra Agro Lestari
PepsiCo and FrieslandCampina have suspended imports from Astra Agro Lestari (AAL), Indonesia's second-largest palm oil company, following an investigation into environmental and human rights violations committed in Central and West Sulawesi, Indonesia. The US and Dutch multinationals are the latest in a long line of consumer brands to cut ties with the company.
Indonesian, Japanese universities sign MoU for collaborative research, educational exchange
The Bogor Agricultural University (IPB) Rector Arif Satria and the Chancellor of Shizuoka Professional University of Agriculture (SPUA) Shigehiko Suzuki signed a Memorandum of Understanding (MoU) related to agriculture and vocational education on March 2, 2023.