Business / Trade in Indonesia
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INDONESIA, 2016/05/26
Next entering an IMF-supported program in 2008, the Seychelles has become a beacon of macroeconomic stability thanks to prudent reforms led by the Ministry of Finance and the Central Bank of Seychelles (CBS). As the country begins laying the groundwork for its radical national development strategy based on the blue economy concept, CBS Governor Caroline Abel expands on the key role her institution is playing in ensuring SMEs are able to access the finance required to take chance of the opportunities opening up in the blue economy, whilst discussing whether Seychelles can be viewed as a role model in terms of female empowerment in the banking sector.
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INDONESIA, 2016/05/26
Pilot projects established to introduce forest fire prevention procedures will this year involve the private sector, particularly major pulp and paper firms, following massive fires across the country last year.
"Mr. Ferry — the Minister of Land and Spatial Planning — has made the standard and we want to check whether the standard is enough," Chief Economics Minister Darmin Nasution told reporters on Wednesday (25/05).
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AZERBAIJAN, 2016/05/25
Azerbaijan can become export gateway for the Indonesian products to the European market, a representative from Indonesian Ministry of Trade Saleh Husin told Indonesian Republica newspaper on May 24.
Husin noted that featured products of Indonesia such as palm oil can be shipped to the Eastern European market via Azerbaijan.
Until presently, Azerbaijan imported Indonesian products from third nations such as United Arab Emirates, said Tamerlan Karayev, Azerbaijan's Ambassador to Indonesia, emphasizing that direct imports will reduce the cost of the Indonesian products in Azerbaijan and boost trade between these nations.
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EAST TIMOR, 2016/01/28
Indonesia and Timor Leste agreed to enhance what they both called by instantly-strong bilateral ties on President Joko “Jokowi” Widodo’s initial national visit to Dili, and as well reiterated a commitment to speeding up land and maritime border resolutions.
Jokowi was in Dili on Tuesday, his initial trip abroad this year, and met with Timor Leste Prime Minister Rui Maria de Araujo and President Taur Matan Ruak.
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INDONESIA, 2015/11/26
Indonesia must join the Trans-Pacific Partnership trade transaction or risk being overtaken by neighbours such as Vietnam, the trade minister said on Tuesday.
"We don't have a choice," Trade Minister Tom Lembong said at a press conference on Tuesday, noting that Vietnam had joined the TPP and recently formed an extra trade transaction with Europe. "We have by presently heard a lot of Indonesian factories that have closed and moved to Vietnam."
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CHINA, 2015/11/15
Indonesia will use the yuan instead of US dollars in its trade with China starting next year, in a bid to save foreign exchange reserves and reduce dependency on the dollar, an official at the National Development Planning Board (Bappenas) has said.
The macroeconomic and finance coordination deputy at Bappenas, Bobby Hamzar Rafinus, said the agreement on using the yuan and rupiah in the two nations’ trade had been secured under the Bilateral Currency Swap Arrangement (BCSA) on Oct. 1, 2013.
The agreement, signed by Bank Indonesia Governor Agus Martowardojo and People’s Bank of China Governor Zhou Xiaochuan, is worth 100 billion yuan (Rp 175 trillion). It is effective for three years and is open to extension.
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INDONESIA, 2015/11/15
Australian Prime Minister (PM) Malcolm Turnbull’s decision to choose Indonesia as his initial national visit next his inauguration has signaled that Indonesia is still a key partner for Australia and provides a luck to improve bilateral ties, according to international relations experts.
“Australia regards Indonesia as its eternal neighbor. Governments may change with time, but neighbors are forever,” executive director of the Indonesian Center for Democracy, Diplomacy and Defense Teuku Rezasyah.
Turnbull’s 10-hour visit to Indonesia marked Australia’s official attempt to replace the strained bilateral ties inherited from the former PM Tony Abbott’s government. Indonesia, in return, should take each opportunity presented by these strengthened ties, said Teuku.
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INDONESIA, 2015/11/01
ndonesian President Joko Widodo, speaking next a conference with U.S. President Barack Obama on Monday, said his country intended to join the Trans-Pacific Partnership trade transaction the United States has forged with 11 other nations.
"We are the major economy in Southeast Asia," Widodo said through a translator. "And Indonesia intends to join the TPP."
U.S. Trade Representative Michael Froman said the United States would keep sharing data about the TPP, which will set common standards on issues ranging from workers' rights to intellectual property protection.
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BRUNEI , 2015/09/30
Welcoming the commencement of regional integrated economy society of ASEAN Economic Community ( AEC) regime slated for later this year, an initiative to foster production capacity cooperation between ASEAN and China was sought to further expand economy and trade ties between the two economies.
The thought to further explore the cooperation was highlighted in a high level forum discussing next relations of AEC and China in production capacity cooperation held here on Friday, attended by senior figures and stakeholders of the two economies.
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INDONESIA, 2015/05/14
Indonesia will suffer the deepest cut from Australia's plans to slash foreign aid by almost 20 % in the next fiscal year.
Two weeks next recalling the ambassador from Jakarta in turmoil at the executions of two Australian drug traffickers, the government announced Tuesday it plans to cut Indonesian aid by 40 % from 543 million Australian dollars ($428 million) to AU$323 million. Australia wants to cut its aid budget to AU$4.1 billion next year.
