Indonesia enhances vigilance against money laundering

Indonesia enhances vigilance against money laundering

Indonesian President Joko Widodo on Wednesday called on the Financial Transaction Reports and Analysis Center (PPATK) and related ministries to remain alert to new methods of money laundering, including those involving the cryptocurrency market.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Apple eyes manufacturing in Indonesia: CEO Cook

Apple eyes manufacturing in Indonesia: CEO Cook

Apple CEO Tim Cook said the company will “look at” manufacturing in Indonesia following a meeting with the Southeast Asian country’s President Joko Widodo on Wednesday.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia speeds up purchasing rice from local farmers

Indonesia speeds up purchasing rice from local farmers

Indonesia’s State Logistics Agency (Bulog) has purchased 120,000 tonnes of unhusked rice (GKP) from farmers through domestic rice procurement, the agency announced.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia strives to control domestic rice prices

Indonesia strives to control domestic rice prices

Head of the National Food Agency of Indonesia (Bapanas) Arief Prasetyo Adi said on Thursday that the rice assistance programme for citizens is progressing positively, contributing to price control.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

US company steps up AI investment in Southeast Asia

US company steps up AI investment in Southeast Asia

The U.S. chip manufacturer Nvidia is planning to build a $200 million artificial intelligence (AI) centre in Indonesia as part of its push into Southeast Asia.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia buys two submarines from France’s Naval Group

Indonesia buys two submarines from France’s Naval Group

The Indonesian Navy has signed a contract to purchase two Scorpene-class submarines produced by French state-owned shipyard Naval Group as part of a defence cooperation agreement signed between the two countries in 2021.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam EV maker VinFast opens first dealership in Indonesia

Vietnam EV maker VinFast opens first dealership in Indonesia

Indonesian firm PT Gallerie Setia Utama has opened the country’s first VinFast dealership, marking a milestone for the Vietnamese electric vehicle (EV) maker.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia opens first direct shipping route to China

Indonesia opens first direct shipping route to China

The authorities of Indonesia's Batam Island officially started on Sunday the operation of direct shipment from Batuampar Port to China's Guangzhou and Shenzhen to boost bilateral trade.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia seeks measures to reduce domestic EV prices

Indonesia seeks measures to reduce domestic EV prices

Indonesia will be able to cut domestic prices of electric vehicles by up to 30% by manufacturing its own EV batteries, said Minister of Industry Agus Gumiwang Kartasasmita.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia’s palm oil exports account for 54% of the world’s

Indonesia’s palm oil exports account for 54% of the world’s

Indonesia is the world’s biggest palm oil supplier as its exports account for 54% of the global palm oil exports.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Jakarta to remain economic hub after Indonesia moves capital city

Jakarta to remain economic hub after Indonesia moves capital city

Indonesia's parliament on Thursday designated a special status for Jakarta, keeping the metropolis as the country's economic epicentre, as the Southeast Asian country is planning to move the capital city to Borneo island.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia expands startups’ access to financing

Indonesia expands startups’ access to financing

Indonesia’s Cooperatives and Small and Medium Enterprises Ministry has continued to exert efforts to expand access to financing and investment to the country’s startup companies, Minister Teten Masduki said on Wednesday.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesian President-elect pays attention to domestic market to attract investors

Indonesian President-elect pays attention to domestic market to attract investors

The Indonesian incoming administration led by President-elect Prabowo Subianto will highlight the country’s large domestic market to attract foreign investors.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Prabowo Subianto elected new president of Indonesia

Prabowo Subianto elected new president of Indonesia

Indonesia’s General Elections Commission (KPU) on Wednesday officially declared Defense Minister Prabowo Subianto the winner of the 2024 presidential election.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia emphasises three important steps to manage AI better

Indonesia emphasises three important steps to manage AI better

Indonesian Foreign Minister Retno Marsudi has emphasised three important steps that her country is following to better manage and apply Artificial Intelligence (AI) to make democracy better and deliver more benefits to the people.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia: dry season to be less severe this year

Indonesia: dry season to be less severe this year

Indonesia's dry season is forecast to be less severe this year compared to 2023, improving its chance of managing forest fires and crops.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia encourages use of electric vehicles

Indonesia encourages use of electric vehicles

Indonesia continues to push the use of electric vehicles (EVs) with the dream of bluer skies and cleaner air in the country.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Extreme weather looms over Indonesia

Extreme weather looms over Indonesia

Floods affected more than 16,700 people in at least 11 areas of Indonesia’s Central Java and East Java last week, of them 280 forced to flee to safer places, the country's National Disaster Mitigation Agency reported.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia to expedite construction of new capital

Indonesia to expedite construction of new capital

Indonesia will speed up site clearance for the development of the country’s new capital city Nusantara (IKN), said a senior official.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia firm on election of future Jakarta governors: official

Indonesia firm on election of future Jakarta governors: official

The Indonesian government is firm on its stance that future Jakarta governors should be elected by Jakarta residents instead of being appointed by the central government, said Home Affairs Minister Tito Karnavian.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia uses carbon for decarbonization

Indonesia uses carbon for decarbonization

Indonesia is developing CO2-to-X technology to transform captured CO2 into valuable materials, thus balancing energy needs with decarbonization goals.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia to impose 12% VAT from 2025

Indonesia to impose 12% VAT from 2025

The Indonesian Government plans to apply a 12% value-added tax (VAT) next year, marking a 1 percentage point increase from the current rate, according to a senior official.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

US supports Indonesia in developing new capital city

US supports Indonesia in developing new capital city

The U.S. Trade and Development Agency (USTDA) has approved grant funding of IDR31.3 billion (over $2 million) to Indonesia to develop its new capital city of Nusantara (IKN).

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia plans to establish emergency fund to ensure food security

Indonesia plans to establish emergency fund to ensure food security

Indonesia’s Finance Ministry is formulating a contingency fund dedicated to the National Food Agency (Bapanas) to ensure the distribution of food in markets and execute policy interventions.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia asks social media platform X to remove gambling ads

Indonesia asks social media platform X to remove gambling ads

Indonesia’s Communications and Information Ministry (Kominfo) summoned representatives from the Singapore office of social media platform X, formerly Twitter, to address concerns regarding online gambling advertisements on the platform.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia to unveil command centre of new capital city

Indonesia to unveil command centre of new capital city

The Authority of Indonesia’s new Capital City of Nusantara (OIKN) is set to launch the Nusantara Capital City (IKN) Command Centre in its fifth wave of groundbreaking on February 29 and March 1.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia to import additional 1.6 mln tonnes of rice

Indonesia to import additional 1.6 mln tonnes of rice

Indonesia’s National Food Agency (Bapanas) announced that the government is preparing to import an additional 1.6 million tonnes of rice to fill the government's rice reserves managed by the national logistic agency (Bulog).

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast's 2023 vehicle sales up 111% to $1.1 bln

VinFast's 2023 vehicle sales up 111% to $1.1 bln

VinFast Auto, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, earned $1,096.9 million from vehicle sales in 2023, up 111.3% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam automaker VinFast inks EV supply deal with Indonesian firms

Vietnam automaker VinFast inks EV supply deal with Indonesian firms

VinFast, the carmaker subsidiary of Vietnamese conglomerate Vingroup, has signed a memorandum of understanding (MoU) with three Indonesian business clients to provide 600 electric vehicles.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast links up with 5 Indonesia auto dealers to start sales in 2024

VinFast links up with 5 Indonesia auto dealers to start sales in 2024

VinFast, the electric vehicle arm of Vietnamese conglomerate Vingroup, has signed letters of intent with five dealers in Indonesia to expand its distribution network in the Indonesian market, the EV maker announced Friday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast debuts right-hand drive electric vehicles in Indonesia

VinFast debuts right-hand drive electric vehicles in Indonesia

VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, debut its first range of right-hand drive electric vehicles (EV) at the Indonesia International Motor Show (IIMS) 2024 on Thursday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast expects 40,000-50,000 vehicle sales by year-end: executive

VinFast expects 40,000-50,000 vehicle sales by year-end: executive

VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, expects sales of 40,000-50,000 units by year-end, chairwoman Le Thi Thu Thuy told CNBC in an interview on Thursday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam spends $1.4 bln on food delivery in 2023, up 30%: Momentum Works

Vietnam spends $1.4 bln on food delivery in 2023, up 30%: Momentum Works

Food delivery services in Vietnam reached a gross merchandise value (GMV) of $1.4 billion in 2023, up 30% year-on-year, according to Singapore-based market researcher Momentum Works.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Indonesia to cooperate in digital economy, EV ecosystem development

Vietnam, Indonesia to cooperate in digital economy, EV ecosystem development

Vietnam and Indonesia will expand cooperation to new fields including artificial intelligence, digital economy, green economy and renewable energy; and step up investment in developing electric vehicle (EV) ecosystems and batteries.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesian industrial agri-food firm Japfa appoints new Vietnam general director

Indonesian industrial agri-food firm Japfa appoints new Vietnam general director

Japfa Comfeed Vietnam Co., Ltd., a subsidiary of Indonesia’s industrial agri-food company Japfa, has appointed Clemens Tan its new general director.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7