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TOKYO (AP) — The leaders of Japan and Indonesia agreed Wednesday to bolster their ties in maritime security and their cooperation on climate change, energy and investment between the Asian archipelago nations.Japanese Prime Minister Fumio Kishida, at a joint news conference after holding talks with Indonesian President Joko Widodo in Tokyo, said Japan will provide support to “further reinforce Indonesian maritime security capability to ensure peace and safety at sea in the Indo-Pacific region.”Kishida also announced that Tokyo is loaning 43.6 billion yen ($318 million) to fund Indonesian infrastructure projects and disaster prevention. Widodo’s Japan visit follows his trip to…

Chinese tourists are headed overseas for the extended May Labour Day holiday at near pre-pandemic levels, accelerating a rebound of what used to be the world’s biggest travel market.Outbound trips between April 27 to May 5, which includes the five-day break that started Wednesday, are just 7 per cent below 2019 levels, according to ForwardKeys, a travel forecaster that analyses air ticketing, travel agency and other industry data.A last-minute rush has seen bookings surge at a faster pace than was expected based on ticket sales at the beginning of April, according to the travel insights company. Meanwhile, domestic ticketing has…

Subscribe Stay current on your favorite topics 40% Indonesia represents approximately 40% of the ASEAN economy and population Indonesia represents approximately 40 percent of the ASEAN economy and population, and investors are particularly attracted to its strong economic growth and resilience. The construction industry has largely been considered the backbone of Indonesia’s economic and social development. In 2019, the construction industry registered an annual growth rate of 5.8 percent,5 and is expected to continue to grow throughout 2021 – 2024. Are there any restrictions on foreign investment? Foreign investment in Indonesia was first recognized in the Foreign Investment Law of…

t is indisputable that Indonesia has been grappling with deindustrialization over the past decade: The plummeting of manufacturing contribution to the gross domestic product (GDP) ratio from 27 percent in 2004 to 18 percent in 2022 and the slowing down of the investment-to-GDP ratio from 34 percent in 2013 to 27 percent in 2022.Compared with China, one of the world’s fastest investment and manufacturing-driven economies, Indonesia’s manufacturing- and investment-to-GDP ratios appear significantly lower, almost half that of China’s. Contrary to the perception that China’s strength lies in its low-cost labor, the reality is that China heavily invests in productive assets,…

JAKARTA: Indonesia has introduced tight security arrangements in Bali, as it prepares to welcome world leaders and thousands of international delegates for the G20 Summit next week. The world’s largest Muslim-majority nation this year holds the rotating presidency of the Group of 20 largest economies, which will culminate in a meeting of the heads of state and government on Nov. 15 and 16. The summit will take place on the island of Bali, one of the planet’s most popular holiday destinations, where Indonesia has previously hosted other major international events, including the World Bank Group and International Monetary Fund annual…

VATICAN CITY (AP) — Pope Francis will visit Indonesia, East Timor, Papua New Guinea and Singapore in September, the Vatican announced Friday, confirming the longest trip of Francis’ papacy that is sure to test his health, stamina and mobility.The Vatican confirmed the Sept. 2-13 visit, saying the 87-year-old pope would visit Jakarta, Indonesia; Port Moresby and Vanimo, Papua New Guinea; Dili, East Timor; and Singapore. Further details will be announced later.Francis’ health has become a source of increasing concern and speculation, even though the pontiff is able to carry on with a rigorous schedule of meetings at the Vatican and…

The World Bank, with support from the Swiss State Secretariat for Economic Affairs (SECO), has closely partnered with the Indonesian government to develop the DRFI strategy and continues to work with the government on its implementation. In January 2021, the World Bank approved a US$500 million lending operation to support Indonesia’s efforts to build and strengthen its financial response to natural disasters, climate risks, and health-related shocks such as the COVID-19 pandemic. The loan supports the establishment of a Pooling Fund for Disasters, that was legally created in August 2021 through a Presidential Regulation. It will serve as a central mechanism…

Every country wants to lower their stunting rate. It is a way of achieving the second sustainable development goal of creating a world free of hunger by 2030. It is also a way to achieve food security.  The Indonesian Nutrition Status Survey (SSGI) shows that Indonesia’s stunting prevalence had dropped from 24.4 percent (2021) to 21.6 percent the following year. Indonesia wants to further reduce the stunting prevalence to 14 percent by 2024. Of course, we will not be able to achieve this without collaborating with all sorts of stakeholders. But have we done our best in stunting intervention to…

An Indonesian government plan to build a vast agricultural estate to shore up food security threatens Indigenous territory and risks destroying millions of hectares of climate-critical tropical rainforests, environmental activists have warned as the Southeast Asian nation hosts the G20 Summit in Bali. The Jokowi government’s food estate programme was announced in 2020 in response to food security concerns triggered by the Covid-19 pandemic. The programme is now in its third year, and President Joko Widowo had in October urged ministers to scale it up, despite techinical problems and reports that crop yields have fallen. The project aims to increase food…

VATICAN CITY – Pope Francis will visit Indonesia, East Timor, Papua New Guinea and Singapore in September, the Vatican announced Friday, confirming the longest trip of Francis’ papacy that is sure to test his health, stamina and mobility. The Vatican confirmed the Sept. 2-13 visit, saying the 87-year-old pope would visit Jakarta, Indonesia; Port Moresby and Vanimo, Papua New Guinea; Dili, East Timor; and Singapore. Further details will be announced later. Francis’ health has become a source of increasing concern and speculation, even though the pontiff is able to carry on with a rigorous schedule of meetings…