Indonesia is Launching 6-month Loan Forgiveness Program for MSMEs Good news for micro, small, and medium enterprises (MSMEs): Indonesia launches a six-month loan forgiveness program. Under this initiative, banks can write off bad debts of up to 500 million rupiah ($31,888) until May 2025. MSMEs are encouraged to take advantage of this opportunity, which…
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Trade Pact Agreement Between Canada and Indonesia Will Explore Collaboration In Nuclear Energy Canada and Indonesia have signed the Comprehensive Economic Partnership Agreement (CEPA) trade pact, which is a significant step in the trade relationship between the two countries. The deal was signed after 2.5 years of negotiations and will be effective in 2026.…
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Indonesia Strengthens Its Partnership and Cooperation with US-ABC In Effort to Advance Tourism The Ministry of Tourism in Indonesia has strengthened its collaboration with the United States-ASEAN Business Council (US-ABC) to promote sustainable and inclusive tourism in the nation. Indonesia is emphasising the importance of this partnership in order to achieve shared goals and mutual…
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Indonesia and China Collaboration in Fisheries and Mining Sectors China and Indonesia have signed an agreement to boost collaboration in the fisheries and mining sectors, strengthening the strategic partnership between the two countries. The two countries have signed the agreement with the mutual aim of boosting economic growth, hoping both sectors will foster sustainable…
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Indonesia Targets Economic Growth In 2025 To achieve the desired economic growth in 2025, the Indonesian government is putting multiple key initiatives in motion, which will be supported by a green economy and energy policies. The Indonesian government is aiming for better economic growth in 2025, with rates being between 5.1% and 5.5%. For the…
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Committed To Collaborate On Low-Carbon Power Singapore will be importing more low-carbon electricity in collaboration with Indonesia. In its effort to further strengthen the nation’s commitment to sustainable energy, Singapore has identified Indonesia as a key partner in this green goal. On Thursday, Senior Minister, Mr Teo Chee Hean announced that Singapore will be issuing…
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Indonesia Seeks to Enhance Micro Loan Subsidy Program As Indonesia faces resistance to proposals for loan restructuring extensions, there is a rising consideration of revising its microloan subsidy program. It is related mainly to Indonesia’s president’s suggestion to revive the pandemic-era policy of boosting financial liquidity. The changing situation warrants a complete examination of the…
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New Two-Way Trade Agreement Between Indonesia and New Zealand Set to Boost Bilateral Trade New Zealand and Indonesia will trade two ways thanks to a new export agreement signed in Auckland. The agreement is poised to enhance the two countries’ trading relationship. Opening New Avenues With the new two-way trade agreement in place, Indonesia…
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Electric Motorcycle Subsidies Worth US$455 Million to Be Offered as Financing Incentives for Indonesians Dadan Kusdiana, secretary general of the Ministry of Energy and Mineral Resources, said the Indonesian government has prepared US$455 million as electric motorcycle subsidies in an effort to encourage the purchase and utilisation of the two-wheeled EVs. The minister further stated…
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60-Day Bridging Visa for Foreign Nationals in Indonesia Indonesia’s Directorate General of Immigration (DGI) has introduced a new Bridging Visa. This 60-day visa also known as a Transitional Stay Permit, is a legal way for foreign nationals to remain in the country while they apply for different residency permits. When to Apply For a…
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