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How Indonesian companies dodge fines for forest & peatland fires

How Indonesian companies dodge fines for forest & peatland fires

While Indonesia’s courts have fined plantation companies more than $21 trillion rupiah ($1.3 billion) for forest and peatland fires, almost none of that money has been collected. This fuels a cycle of impunity where fires continue to flare up in...

Bank Indonesia to hold rates at 5.25% on August 20, resume easing in Q4: Reuters poll

Bank Indonesia to hold rates at 5.25% on August 20, resume easing in Q4: Reuters poll

By Rahul Trivedi BENGALURU (Reuters) -Bank Indonesia is expected to pause its easing cycle on Wednesday to assess the impact of earlier rate cuts as inflation has ticked up recently and economic momentum remained solid last quarter, a Reuters poll...

Financial Security (FinSec) series with Philip TAKYI (Dr): Global Sovereign Wealth Funds: Strategic allocation trends towards emerging markets

Financial Security (FinSec) series with Philip TAKYI (Dr): Global Sovereign Wealth Funds: Strategic allocation trends towards emerging markets

Sovereign Wealth Funds (SWFs) have become pivotal players in global financial markets, managing trillions of dollars in assets and influencing economic trends across developed and emerging economies. Historically, SWFs have concentrated their...

Indonesia activates online arrival card

Indonesia activates online arrival card

JAKARTA, 19 August 2025: Effective since Monday, 18 August 2025, Indonesia has implemented a new, integrated system for international arrivals called “All Indonesia”. The new system is designed to streamline the entry process by combining several...

Indonesia monitors inbound travel growth

Indonesia monitors inbound travel growth

JAKARTA, 19 August 2025: Indonesia recorded 7.05 million foreign tourist visits from January to June 2025, representing a positive year-on-year growth of 9.44%, Tourism Minister Widiyanti Putri Wardhana reported during the Ministry of Tourism’s...

Show, don’t tell: Asian banks need to prove simplification works – here’s how

Show, don’t tell: Asian banks need to prove simplification works – here’s how

The choice is clear: simplify or stagnate — the future of Asian banking depends on it. Asia’s economic engine is a powerhouse, attracting investors and institutions to the region’s dynamic markets. However, beneath the glittering skyscrapers of...

Honorary Consul Paskal A.B. Rois Hails 80 Years of Indonesia and Ghana’s Shared Journey

Indonesia yesterday marked the 80th anniversary of its independence, a historic moment that recalls the proclamation of freedom on August 17, 1945, by President Soekarno and Dr. Mohammad Hatta. The day is celebrated as a sacred occasion,...

Studio Ubud Rides 'Demon Slayer' Success, Puts Indonesia on Anime Map

Studio Ubud Rides 'Demon Slayer' Success, Puts Indonesia on Anime Map

Jakarta. Indonesia’s anime industry is booming, generating Rp 90.9 trillion ($5.99 billion) in 2022 and projected to reach Rp 109.6 trillion by 2026, according to PwC. With Japan’s anime production expected to shrink due to population decline and...

Indonesia and Peru’s New FTA is a Model for South-South Cooperation

Indonesia and Peru’s New FTA is a Model for South-South Cooperation

Just days after reciprocal tariffs took effect on global imports entering the United States, a new trade agreement between two major Asia-Pacific economies – Peru and Indonesia – quietly came into force. Both countries, despite having a free trade...

World Reuters Fire at illegal oil well in Indonesia kills three, hundreds evacuated

World Reuters Fire at illegal oil well in Indonesia kills three, hundreds evacuated

JAKARTA (Reuters) -Firefighters in Indonesia are struggling to contain a three-day-old fire at an illegal oil well that has killed at least three people and injured two others, a disaster relief official said on Tuesday. Some 750 people have been...

asia Fire at illegal oil well in Indonesia kills 3, hundreds evacuated

asia Fire at illegal oil well in Indonesia kills 3, hundreds evacuated

JAKARTA — Firefighters in Indonesia are struggling to contain a three-day-old fire at an illegal oil well that has killed at least three people and injured two others, a disaster relief official said on Tuesday (Aug 19). Some 750 people have been...

Pelita Air makes international debut with Jakarta–Singapore flight

Pelita Air makes international debut with Jakarta–Singapore flight

elita Air made its international debut on Monday with a new Jakarta–Singapore route, marking the Pertamina-owned carrier’s first overseas service since transforming from a private charter operator to a commercial airline in 2022. The daily flight,...

AllianzGI Appoints President Director in Indonesia

AllianzGI Appoints President Director in Indonesia

The investment management unit of Allianz has announced the appointment of a president director of its Indonesia business. Allianz Global Investors (AllianzGI) has appointed Aliyahdin Saugi as president director in Indonesia, according to a...

Moderate gains, rising challenges: Navigating the multi-finance industry in 2025

Moderate gains, rising challenges: Navigating the multi-finance industry in 2025

he multi-finance industry this year faces a rather complex dynamic amid global uncertainty and persistently weak household purchasing power. Several macro indicators suggest that demand recovery has not yet fully materialized. The Consumer...

MPR final guardian of Indonesia's Constitution, says Muzani

MPR final guardian of Indonesia's Constitution, says Muzani

Jakarta (ANTARA) - People's Consultative Assembly (MPR) Speaker Ahmad Muzani reaffirmed the body's strategic role as the final guardian of Indonesia's constitution during a speech marking Constitution Day and the MPR's 80th anniversary on Monday...

Fire at illegal oil well in Indonesia kills three, hundreds evacuated

Fire at illegal oil well in Indonesia kills three, hundreds evacuated

JAKARTA (Reuters) -Firefighters in Indonesia are struggling to contain a three-day-old fire at an illegal oil well that has killed at least three people and injured two others, a disaster relief official said on Tuesday. Some 750 people have been...

Indonesia prioritises defence spending in 2026 State Budget

Indonesia prioritises defence spending in 2026 State Budget

Jakarta (VNA) - Indonesian President Prabowo Subianto affirmed that national defence will be one of the eight primary areas in the 2026 Draft State Budget (RAPBN), alongside food and energy security, quality education and health care, rural...

Is Prabowo’s big budget for Indonesia achievable or overly ambitious?

Is Prabowo’s big budget for Indonesia achievable or overly ambitious?

Indonesia’s President Prabowo Subianto has unveiled an ambitious draft budget for 2026 that seeks to boost growth and expand social spending while maintaining financial discipline, but economists caution the plan may be based on optimistic revenue...

Indonesia's economic targets must be real, people-centered: lawmaker

Indonesia's economic targets must be real, people-centered: lawmaker

Jakarta (ANTARA) - An Indonesian lawmaker said the government may target ambitious economic growth, but it must remain realistic, measurable, and directly benefit the public. "Economic growth should go beyond statistics — it must translate into...

Indonesia optimistic about economic growth outlook for 2026

Indonesia optimistic about economic growth outlook for 2026

Jakarta (VNA) – Indonesian President Prabowo Subianto has set an economic growth target of 5.4% in 2026, with inflation at 2.5% and stable macroeconomic indicators. Speaking at the opening session of the House of Representatives in Jakarta on...

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