Indonesia A Step Closer to Becoming An OECD Member Indonesia is one step closer to becoming an Organisation for Economic Cooperation and Development (OECD) member, a significant milestone as the first Southeast Asian nation to join the OECD. It becomes the third country in Asia (after South Korea and Japan) to join. A Historic…
Indonesia Introduces Visa-Free Entry Policy, AIming to Secure Extra $25 Billion Revenue Indonesia hopes to generate an extra $25 billion in revenue with a visa-free entry policy for foreigners. The goal is to give a major boost to the tourism sector. The Ministry of Tourism and Creative Economy is committed to this goal. It plans…
Indonesia Offering Investments in SEZs to the UAE A proposal has been put forth by Indonesia’s Ministry of Tourism and Creative Economy to encourage more investments from the United Arab Emirates (UAE) in SEZs. Investment opportunities are being made available in eight special economic zones (SEZs). Investment opportunities will be focused primarily on the creative…
MoU Signed by Indonesia and Australia to Boost EV Collaboration A Memorandum of Understanding (MoU) was signed on 23 November 2023 to boost EV collaboration between Indonesia and Australia. The MoU aims to unlock opportunities within the global EV supply chain. The MoU was signed between the Australian Minister for Industry and Science and the…
$20 Billion Renewables Investment Plan Launched by Indonesia Indonesia has begun implementing its $20bn renewables investment plan to reduce carbon emissions and speed up the shift toward clean energy. The plan was launched under the Just Energy Transition Partnership (JETP), with support from Japan, the US, and other global leaders. A Plan to Cut…
Indonesia and China Look Forward To Strengthening Digital Cooperation With Indonesia and China digital cooperation strengthened, the Indonesian government encouraged both nations to collaborate in a comprehensive future of innovative city development. The areas concerned are research, technological advancements, and enhancing digital human resource competence and skills. The bilateral meeting between Communication and Informatics Minister…
Indonesia Sets Its Sights On 40% Investment from Southeast Asian Countries Indonesia sets its standards high, aiming for at least 40% foreign direct investment (FDI) from Southeast Asian countries. The Government aims to attract Rp80 billion in FDI. Since Indonesia accounts for 40% of ASEAN’s total economy, the stipulation is that at least 40% of…
To Reach Net Zero Emissions Target Definitely A Possibility for Indonesia Indonesia’s Government is optimistic that it can achieve its aim to reach net zero emissions target before 2050. Achieving this by 2050 means Indonesia would have reached its target before 10 years. The Government firmly believes that decarbonisation of the industry sector is achievable.…
Indonesia and Bangladesh Sign Memorandum of Understanding for Energy and Agricultural Cooperation Indonesia and Bangladesh sign MoU (Memorandum of Understanding) on cooperation in the energy and agricultural sectors. The MoU aims to promote the long-term sale and delivery of conventional energy forms in Bangladesh. It also aims to develop new and renewable energy sources in…
Indonesia Set to Become the World’s Sixth-Largest Economy By 2026 Indonesia is set to become the world’s sixth-largest economy by 2026, surpassing Russia. At least, that is what the International Monetary Fund (IMF) is projecting. The Growing Strength Of the Labour Force Indonesia’s growing labour force is driving its ascent toward becoming the world’s…
