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August 17, 2022

Indonesia

Why Australia will work harder to build ties with Indonesia

BBC
https://www.bbc.co.uk/news/business-62078999?at_medium=RSS&at_campaign=KARANGA “Indonesia is by far our largest trading partner when it comes to exports of Australian wheat. It’s a pretty good relationship at the moment,” Brett Hosking, chair of GrainGrowers, an industry group, and a farmer in Victoria, told the BBC News website. “We have to be sensitive to the......

Indonesia inflation jumps to 7-year high, c.bank unfazed

Reuters
CPI +4.94% y/y, vs 4.82% in poll Core CPI +2.86%, vs +2.85% in poll C.bank: food inflation to come down, core infln still low Economist: 2022 headline inflation set to pass 5% JAKARTA, Aug 1 (Reuters) – Indonesia’s inflation accelerated to a seven-year high driven by soaring food prices, data......

Indonesia opens temporary access to PayPal after blocking sparks backlash

Reuters
The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration//File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register JAKARTA, July 31 (Reuters) – Indonesia temporarily opened access to online payment firm PayPal (PYPL.O) to allow users to access their......

Indonesia says Krakatau Steel, S.Korea’s POSCO plan $3.5 bln investment

Reuters
The logo of POSCO is seen at the company’s headquarters in Seoul, South Korea, July 20, 2016. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to Reuters.com Register JAKARTA, July 28 (Reuters) – Indonesia’s Krakatau Steel and South Korea’s POSCO Holdings have signed an agreement to invest $3.5 billion......

China, Indonesia pledge deeper ties after rare Beijing summit

Reuters
BEIJING, July 26 (Reuters) – The leaders of China and Indonesia pledged on Tuesday to scale up bilateral trade and expand cooperation in areas such as agriculture and food security, following a rare visit to COVID-wary China by a foreign head of state. China and Indonesia believe their relations have......

Indonesia c.bank sells govt bonds to absorb excess liquidity -official

Reuters
JAKARTA, July 18 (Reuters) – Indonesia’s central bank has sold some of its holdings of government bonds in the secondary market, an official said on Monday,stepping up its normalisation of monetary policy after keeping liquidity very loose during the pandemic. Bank Indonesia (BI) is among the world’s least hawkish central......

Putting a price cap on Russian oil won’t solve energy supply issues, Indonesian minister says

CNBC
CNBC – For more and to sign up click here Capping Russian oil prices won’t solve the world’s energy problems, said Indonesian Finance Minister Sri Mulyani Indrawati on Friday. Prices are high because demand outstrips supply, which has been disrupted, and a price ceiling will not resolve that, she said.......

Boosting supply is the best way to stabilize oil prices, says OECD chief

CNBC
CNBC – For more and to sign up click here The best way to stabilize oil prices is to boost supply, and alternatives to Russian oil are available to the world, said Mathias Corman, the secretary-general of the Organization for Economic Cooperation and Development. Speaking to “Squawk Box Asia” on......

Indonesia chases G20 progress with Russia but Germany, France sceptical

Reuters
Head of delegates prepare for a meeting on the last day of the G20 finance ministers and central bank governors meeting in Jakarta, Indonesia, February 18, 2022. Mast Irham / Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register JAKARTA, July 13 (Reuters) – G20 finance leaders......

Indonesia urges G20 to help end war in Ukraine as Russia’s Lavrov looks on

Reuters
Russian foreign minister attends G20 meeting in Bali Ukraine foreign minister to address meeting virtually Indonesia warns food prices to hit low-income nations hardest UK foreign minister Liz Truss cuts short Bali trip NUSA DUA, Indonesia, July 8 (Reuters) – Indonesia urged the G20 on Friday to help end the......

Indonesia sovereign wealth fund, China fund sign $3 bln investment deal

Reuters
JAKARTA, July 4 (Reuters) – Indonesia’s sovereign wealth fund and China’s Silk Road Fund have signed a framework agreement under which the Chinese fund aims to invest up to 20 billion yuan ($2.99 billion) in the Southeast Asian country, they said in a joint statement. The investment scope under the......

Indonesia president to visit Ukraine, Russia on peace-building mission

Reuters
Indonesian President Joko Widodo speaks to the media, as newly inaugurated Trade Minister Zulkifli Hasan and Minister of Agrarian Affairs and Spatial Planning Hadi Tjahjanto, who was former Indonesia’s military chief, stand besides him at a Presidential Palace in Jakarta, Indonesia, June 15, 2022. REUTERS/Willy Kurniawan Register now for FREE......

Indonesia Is Offering A Special Visa To Remote Workers, Allowing Them To Stay There For 5 Years Tax-Free, Including The Dream Destination, Bali

IA
The fresh air, the blue sea, the sky forever. Lots of us daydream about never having to work again. Whether it be a lucky lottery ticket, a rich husband, or a Nigerian prince kind enough to share his fortune. But the chances of those opportunities coming forth are slim, so......

Jokowi lays out his pitch for why Elon Musk should invest in Indonesia

CNBC
CNBC – For more and to sign up click here Elon Musk, here seen at an event in New York in early-May, is being aggressively courted to produce his electric vehicles “end to end” in resource-rich Indonesia. Angela Weiss | AFP | Getty Images President Joko Widodo denied that Indonesia......

Jokowi says rising food prices are dangerous and puts developing nations like Indonesia at risk

CNBC
CNBC – For more and to sign up click here Indonesian President Joko Widodo, here seen standing to the left of U.S. President Joe Biden during a summit meeting of Southeast Asian leaders at the White House in May, hinted that he may try to launch a peace initiative during......

Australian PM signals stronger ties with Indonesia on security, climate

Reuters
Anthony Albanese, leader of Australia’s Labor Party, addresses supporters after incumbent Prime Minister and Liberal Party leader Scott Morrison conceded defeat in the country’s general election, in Sydney, Australia May 21, 2022. REUTERS/Jaimi Joy Register now for FREE unlimited access to Reuters.com Register New Australian PM visits Indonesia in first bilateral trip......

Cargill to upgrade sweetener plant in Indonesia

FoodBusinessNews
MINNEAPOLIS — Cargill announced it has invested $2.4 million to upgrade its sweetener plant in Cikande, Indonesia. Cargill said the upgrades include additional filling stations, blending and storage tanks, and warehouse improvements, which will allow the company to more than double its annual production capacity for organic, non-GMO tapioca syrup......

How this millennial turned $700 into a multimillion-dollar fishery start-up

CNBC
CNBC – For more and to sign up click here When she was young, Utari Octavianty often felt like the underdog because of where she came from.  Her hometown is Kampung Bahru, a remote fishing village in North Sumatra, Indonesia, where many don’t have access to education.  There was even......

Returning to the office can be costly. Here are 3 ways to beat rising costs

CNBC
CNBC – For more and to sign up click here According to a new survey by Cisco, 75% of respondents said they save money on food and entertainment through hybrid work schedules. D3sign | Moment | Getty Images Hybrid work arrangements are popular these days for many reasons — and......

Indonesia policy uncertainty hampers resumption of palm oil exports

Reuters
Trucks with palm oil fresh fruit bunches are parked in a queue at a palm oil factory in Siak regency, Riau province, Indonesia, April 26, 2022. Picture taken with a drone April 26, 2022. REUTERS/Willy Kurniawan Register now for FREE unlimited access to Reuters.com Register JAKARTA, May 23 (Reuters) –......

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