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With the finalisation of the agreement for 18 Rafale aircraft, Indonesia’s military capability experiences an advancement. Source: Dassault Aviation Indonesia solidifies its standing as a regional power by activating the final tranche 18 Rafale fighter jets.  This concludes a contract signed in February 2022, reflecting the nation’s commitment to sovereignty, operational independence, and partnerships. This follows the preceding activations in September 2022 and August 2023, marking the completion of the 42-aircraft order made in February 2022. Indonesia’s expanding defence budget is anticipated to reach $9.7bn by 2028, with a focus on air capabilities, according to GlobalData. The nation’s defence spending growth is fuelled by…

Exciting news for travelers: Garuda Indonesia launches daily Jakarta-Doha flights – Travel And Tour World Copyright © Travel And Tour World – All Rights ReservedWe use cookies on our website of Travel And Tour World to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. Read MoreManage consent Source link

The introduction of mandated foreign exchange risk management hasn’t just brought benefits to Indonesia’s economic stability, it has also provided an excellent stream of business for CIMB Niaga, which retains its position as the country’s pre-eminent derivatives house. While the US Federal Reserve has been taking a gradual approach to raising interest rates, its peers in Jakarta have taken a more hawkish stance over the past 12 months. At the end of June, Bank Indonesia increased its policy rate, the seven-day reverse repo rate, by 50 basis points in one go. This move was the third hike in just six…

Indonesia has achieved a new milestone in restoring 86 public services following the Temporary National Data Center cyberattack. The cyberattack affected operations across 16 state institutions, including services for permits and scholarships. Coordinating Minister for Political, Legal, and Security Affairs, Hadi Tjahjanto, emphasized the collaborative efforts involved in the recovery process, stating, “Efforts to restore PDNS 2 services were carried out by a team consisting of the Ministry of Communication and Information, BSSN, PT Telkom Tbk, and active participation from all tenants”, reported The Star.  Indonesia Restores 86 Public Services Following the Temporary National Data Center Cyberattack The cyberattack on…

3 retail executives compare notes on rapid tech-driven growth of e-commerce at Retail Asia Forum. WITH e-commerce set to continue its rapid growth in Indonesia, a report by GlobalData predicts a 15.5% surge in the market for 2024, driven by a shift towards online shopping. The market saw an 18.3% increase in 2023, reaching $37.6 billion (IDR 573 trillion), and is projected to hit $43.4 billion (IDR 661.9 trillion) this year, indicating the rising popularity of e-commerce amongst Indonesians. This trend was echoed by Budi Primawan, vice chairperson of the Indonesian e-commerce association (idEA), who observed that the e-commerce landscape…

This article has been reviewed by Wego‘s editorial team to ensure that the content is up to date & accurate. Indonesia, with its varied landscapes and popular destinations like Bali and Jakarta, is a favorite among global travelers. Its appeal ranges from Bali’s untouched beaches to Jakarta’s bustling city life. In 2024, the Indonesian rupiah experienced a significant depreciation, becoming one of Asia’s weakest currencies. This economic downturn, influenced by historical, political, and economic factors, is particularly noticeable when compared to the USD. However, this depreciation presents a unique opportunity for travelers. It allows them to experience Indonesia’s rich culture…

University of Hawaiʻi at MānoaContact:Participants with Dr. Dolores Foley (front row, 4th from left) and Dr. Karl Kim (left of Foley).A dozen faculty members from Indonesian universities have come to the University of Hawai‘i at Mānoa this summer to learn about disaster risk management training and how it specifically can be applied to save lives in their country.Indonesia is one of the most natural-disaster prone countries in the world. In the last decade alone, it has been affected by more than 160 disasters, including over 60 floods, more than 40 earthquakes, approximately a dozen volcanic events and several wildfires.In response…

In this Friday, Aug. 5, 2011, photo, Acehnese browse Internet using free Wi-Fi access at a park in Banda Aceh, Aceh province, Indonesia. Venture capitalists from Silicon Valley to New York all have the same question about Indonesia’s come-from-nowhere tech frenzy: Are the young entrepreneurs that have piqued their interest, smart bets or just surfing a hype that will soon burn out. (AP Photo/Heri Juanda)INDONESIA is currently facing a shortage of skills and talent that threatens to impede the growth of its promising technology industry.According to Reuters, Indonesia is poised to take large portion of the potential US$200 billion internet economy in…

By the end of the year, citizens from 10 to 20 additional countries could benefit from visa-free travel to Indonesia. On the sidelines of the World Economic Forum in Dalian, a coastal city in northeastern China, Indonesian Tourism Minister Sandiaga Uno confirmed to the media that the project to extend the visa exemption policy is still under government consideration. Indonesia, which is particularly targeting Chinese tourists to boost its tourism sector, expects their spending to rebound this year, surpassing pre-pandemic levels. However, to truly compete with its neighbors on the regional tourism scene, the archipelago needs to review its visa…

he climate crisis is driving an increase in voluntary commitments by financial institutions to reduce emissions. National and international ESG (environmental, social and governance) policies are evolving and transitioning from voluntary to mandatory relatively quickly.Indonesia has made ESG disclosure mandatory through the Financial Services Authority (OJK) Regulation No. 51/2017 on sustainable finance. But disclosure is only the first step, and it does not do enough to push banks and portfolio managers to internalize ESG principles when assessing projects that land on their desks. Indonesia’s banks are not yet ready to fully account for ESG in their internal procedures and management…