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☆ Indonesia Scraps Plan to Buy Mirage Fighter Jets From Qatar
▼ + stars: | 2024-02-10 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

JAKARTA (Reuters) - Indonesia has ditched a controversial plan to buy 733 million euros ($790 million) worth of Mirage 2000-5 fighter jets previously used by Qatar, the defence ministry spokesperson said late on Saturday. "There is no purchase of Mirage jets. Last month, the ministry said the deal to purchase the 12 fighter jets was delayed due to fiscal constraints and that the military would order a retrofit for its existing Sukhoi and F-16 aircraft instead. The planned purchase garnered controversy when it was announced last year, as lawmakers said the secondhand jets were old. Prabowo has overseen the military's efforts to modernise its ageing fleet, which include purchases of Rafale fighter jets, drones from Turkish Aerospace and fighter jets and transport helicopters from U.S. companies Boeing and Lockheed Martin.

Persons: Dahnil Anzar Simanjuntak, Prabowo Subianto, Prabowo, Lockheed Martin, Ananda Teresia, Gayatri Suroyo Organizations: Mirage, Defence, Rafale, Turkish Aerospace, Boeing, Lockheed Locations: JAKARTA, Indonesia, Qatar, Israel, Gaza, U.S

☆ Indonesia Presidential Hopeful Prabowo Seen Getting Majority Votes Survey
▼ + stars: | 2024-02-10 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

JAKARTA (Reuters) - Indonesian defence minister Prabowo Subianto is predicted to secure over 50% of votes needed to win the country's presidential election in one round, a new opinion survey showed on Saturday, the last day of campaigning. Prabowo is projected to gain 51.9% votes, based on a survey of 1,220 respondents by Lembaga Survei Indonesia (LSI), conducted between Jan. 29 to Feb. 5. On Friday, pollster Indikator Politik projected Prabowo to pip the 50% threshold needed to win in a single round. A run-off between two candidates with the most votes will be held in June if no candidate gets more than 50% of votes. Jokowi, as the president is popularly known, has been accused of interference and bias over his implicit support for Prabowo, which his allies have denied.

Persons: Prabowo Subianto, Lembaga Survei, Anies Baswedan, Ganjar Pranowo, pip, Djayadi Hanan, Joko Widodo, Gibran Rakabuming Raka, Hanan, Jokowi, Gibran, Jokowi's, Gayatri Suroyo, Kanupriya Kapoor, Sam Holmes Organizations: Jakarta Locations: JAKARTA, Lembaga Survei Indonesia, Central Java, Anies

☆ Indonesia Approves 20% Rise in Defence Budget by 2024
▼ + stars: | 2023-11-29 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

JAKARTA (Reuters) - Indonesia's outgoing president has approved a 20% hike in defence spending through the end of next year, to upgrade the country's military hardware in response to geopolitical developments, its finance minister said. In a press conference on Wednesday, Sri Mulyani Indrawati said the approval came in a meeting she attended with President Joko Widodo and Defence Minister Prabowo Subianto. Prabowo is the leading candidate in the upcoming presidential election in February, and is running with Widodo's son. The defence budget will be increased from $20.75 billion to $25 billion, Sri Mulyani said. They considered them as a necessity given the condition of our military hardware as well as rising threats amid increasing geopolitical and geo-security dynamics," she said.

Persons: Sri Mulyani Indrawati, Joko Widodo, Prabowo Subianto, Prabowo, Mulyani, Lockheed Martin, Gayatri Suroyo, Ananda Teresia, Kanupriya Kapoor Organizations: Sri, Defence, Dassault Rafale, Turkish Aerospace Locations: JAKARTA, U.S

All three candidates vying to win the Feb. 14 election in Southeast Asia's largest economy have said they will prioritise cleaning up the power sector to reduce greenhouse gas emissions. To do that, Defence Minister Prabowo Subianto and former provincial governor Ganjar Pranowo, running neck-and-neck in recent surveys, would consider ending state-run Perusahaan Listrik Negara's (PLN) monopoly in order to allow renewable power producers to sell directly to customers. Former Jakarta governor Anies Baswedan, trailing in opinion polls, has called for improved leadership for the power sector but has not proposed breaking up PLN's monopoly. Proponents argue that opening the sector would accelerate adoption of renewables, as independent power producers will be incentivised to offer green power to companies pledging carbon neutrality. Agam, from the climate consultancy, said delaying renewable power to companies could mean lost investment.

Persons: Prabowo Subianto, Dita Alangkara, Ganjar Pranowo, Anies Baswedan, Agam Subarkah, Alexander Sonny Keraf, PLN, Prabowo, Eddy Soeparno, Soeparno, Gayatri Suroyo, Ananda Teresia, Stefanno Sulaiman, Stanley Widianto, Tony Munroe, Miral Organizations: Indonesia's Defense, Association of Southeast Asian Nations, ASEAN, REUTERS Acquire, Rights, Reuters, Defence, Former Jakarta, Cendekia, POWER WHEELING Ganjar, Thomson Locations: Jakarta, Indonesia, Rights JAKARTA, Southeast Asia's

Gross domestic product (GDP) grew 4.94% annually in the July-September quarter, compared with 5.05% predicted by economists surveyed by Reuters. Growth was 5.17% in the second quarter. In the July-September period, household spending growth decelerated to 5.06%, from 5.22% in the previous three months. A bright spot in the GDP breakdown came from investment, which recorded a 5.77% growth in the third quarter, versus 4.63% in the second quarter. On a non-seasonally adjusted, quarter-on-quarter basis, gross domestic product expanded 1.60% in the July-September period.

Persons: Gayatri Suroyo, Kanupriya Kapoor Organizations: Gross, Reuters, Growth, Bank Indonesia, Thomson Locations: JAKARTA, Asia's, Ukraine, Middle

☆ Indonesia says 200,000 hectares of palm plantations to be made forests
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

A general view of a palm oil plantation in Siak regency, Riau province, Indonesia, April 26, 2022. REUTERS/Willy Kurniawan/File Photo Acquire Licensing RightsJAKARTA, Nov 1 (Reuters) - Some 200,000 hectares (494,210 acres) of oil palm plantations found in areas designated as forests in Indonesia are expected to be returned to the state to be converted back into forests, a government official said late on Tuesday. While 3.3 million hectares (8.1 million acres) of the country's nearly 17 million hectares of palm plantation have been found in forests, only owners of plantations with a combined size of 1.67 million hectares have been identified, forestry ministry secretary general Bambang Hendroyono told reporters. Indonesia's chief security minister Mahfud MD has threatened to pursue legal action against palm oil companies that use land illegally after the Thursday deadline passes. Indonesia has launched several programmes to improve governance in its massive palm oil industry, amid criticism by environmentalists of the crop's impact on deforestation.

Persons: Willy Kurniawan, Bambang Hendroyono, Bambang, Mahfud, Bernadette Christina, Gayatri Suroyo, Raju Gopalakrishnan Organizations: REUTERS, Rights, Officials, Thomson Locations: Siak, Riau province, Indonesia, Rights JAKARTA

Coal barges are pictured as they queue to be pulled along the Mahakam river in Samarinda, East Kalimantan province, Indonesia, August 31, 2019. REUTERS/Willy Kurniawan/File Photo Acquire Licensing RightsJAKARTA, Oct 16 (Reuters) - Indonesia will seek China's help for renewable energy and infrastructure projects when President Joko Widodo attends the upcoming Belt and Road Forum in Beijing, a cabinet minister said. Erick declined to share JETP talk details, saying only: "We cannot wait...there hasn't been any funding as yet." "We want this to fit our grand plan, the Indonesia blueprint, not the blueprint of other countries," Erick said. Indonesia also discussed the plan with Chinese Premier Li Qiang when Li visited Jakarta in September.

Persons: Willy Kurniawan, Joko Widodo, Erick Thohir, Erick, JETP, hasn't, Xi Jinping, Jokowi, Premier Li Qiang, Li, Gayatri Suroyo, Stefanno Sulaiman, Edwina Gibbs Organizations: REUTERS, Rights, Forum, Indonesian, United, Premier, Thomson Locations: Samarinda, East Kalimantan, Indonesia, Rights JAKARTA, Beijing, China, U.S, United Nations, Jakarta, Jokowi, Surabaya

☆ Indonesia denies smog from forest fires drifted to Malaysia
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +2 min

Indonesia's Environment Minister Siti Nurbaya Bakar responded by saying Jakarta has not detected any travelling haze from Indonesia to neighbouring countries. "We continue to follow up any development and there is no trans-boundary haze to Malaysia," she said in a statement. At the moment, Indonesia is focusing on quelling forest fires in some provinces in Sumatra and Borneo with water bombing from helicopters, the minister added. As well as maritime boundaries, Malaysia shares a land border with Indonesia on Borneo island. While forest fires are typically started by farmers to clear land for plantations, authorities say putting out fires this year has been harder due to El Nino.

Persons: Antara, Siti Nurbaya Bakar, El, Ananda Teresia, Danial Azhar, Gayatri Suroyo, Sharon Singleton Organizations: Rights, Environment, El, El Nino, Authorities, Danial, Thomson Locations: Palembang, South Sumatra, Indonesia, REUTER, Rights JAKARTA, Sumatra, Borneo, Malaysia, Peninsular Malaysia, Sarawak, Jakarta, Central Kalimantan, Jambi, Kuala Lumpur

☆ Indonesia launches China-backed 'Whoosh' high-speed railway
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

Indonesia's President Joko Widodo speaks about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsJAKARTA, Oct 2 (Reuters) - Indonesian President Joko Widodo on Monday inaugurated a $7.3 billion high-speed railway connecting the country's capital with the city of Bandung, a China-backed project that has been marred with problems. Monday's launch for the bullet train named "Whoosh" is far behind an original target of operations in 2019. "The name is inspired by the sound of a rushing high speed train," Jokowi, as the president is popularly called, said during the launch. Reporting by Yuddy Cahya Budiman; Writing by Ananda Teresia; Editing by Gayatri Suroyo and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Joko Widodo, Edgar Su, Jokowi, Luhut, Yuddy Cahya, Ananda Teresia, Gayatri Suroyo, Gerry Doyle Organizations: Nusantara, REUTERS, Rights, Initiative, Thomson Locations: Singapore, Rights JAKARTA, Bandung, China, Indonesian

☆ Indonesia's president launches carbon emissions credit trading
▼ + stars: | 2023-09-26 | by ( Stefanno Sulaiman | ) www.reuters.com time to read: +3 min

Indonesia's President Joko Widodo speaks about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsJAKARTA, Sept 26 (Reuters) - Indonesian President Joko Widodo on Tuesday launched the country's first carbon emission credit trading, with the aim of creating a market to fund cuts in greenhouse gas emissions and become a major participant in the global carbon trade. Jokowi, as the president is popularly known, said Indonesia has tremendous potential for carbon reduction efforts, particularly nature-based solutions, and its carbon market could grow to 3,000 trillion rupiah ($194.30 billion). Some of Indonesia's biggest coal power plants have begun trading emission allowances since February. Transactions in the emission trading system are recorded using blockchain technology, Luhut said.

Persons: Joko Widodo, Edgar Su, Jokowi, Luhut, Stefanno Sulaiman, Gayatri Suroyo, Martin Petty Organizations: Nusantara, REUTERS, Rights, Tuesday, Pertamina, Indonesia Stock Exchange, Bank Central Asia, Bank, Christian, Thomson Locations: Singapore, Rights JAKARTA, Indonesia, North Sulawesi, Paris

☆ Indonesia proposes critical minerals trade deal with US
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

Indonesian President Joko Widodo and U.S. Vice President Kamala Harris ride on an escalator during the 43rd ASEAN Summit in Jakarta, Indonesia, September 6, 2023. REUTERS/Willy Kurniawan/Pool Acquire Licensing RightsJAKARTA, Sept 7 (Reuters) - Indonesia has asked the United States to begin talks on a trade deal for critical minerals so that exports from the Southeast Asian country can be covered under the U.S. Inflation Reduction Act, an Indonesian ministry said on Thursday. Indonesia does not have a free trade agreement with the United States, but the resource-rich country has ambitions to become a major player in the manufacturing of EVs and their batteries, leveraging its vast nickel reserves. "Indonesia invites the U.S. to discuss the formation of the Critical Mineral Agreement," Jokowi added. Harris, during the opening speech of the bilateral meeting, said she would continue to work with Indonesia to build supply chains that included "critical minerals required to expand our clean energy economies" and to boost trade between the two countries through IPEF.

Persons: Joko Widodo, Kamala Harris, Willy Kurniawan, EVs, Jokowi, Luhut Pandjaitan, Harris, Gayatri Suroyo, Kanupriya Kapoor Organizations: ASEAN Summit, REUTERS, Rights, U.S, Association of Southeast Asian Nations, ASEAN, Economic, EV, IPEF, Thomson Locations: Jakarta, Indonesia, Rights JAKARTA, United States, Washington, North America, U.S, Indonesian, Japan

FILE PHOTO-Former Indonesian education minister Anies Baswedan talks to reporters after voting in the Jakarta governor election in Jakarta, Indonesia April 19, 2017. REUTERS/Beawiharta/File Photo Acquire Licensing RightsJAKARTA, Sept 2 (Reuters) - Former Jakarta Governor Anies Baswedan on Saturday named the chairman of Indonesia's largest Islamic party as his running mate for the 2024 presidential election, a move aimed at boosting his popularity in this Muslim majority country. His vice presidential pick, Muhaimin Iskandar, leads the National Awakening Party (PKB), which has strong ties with Indonesia's biggest Islamic organisation, Nahdlatul Ulama (NU), that boasts 40 million members. Sufmi Dasco Ahmad, a senior member of Prabowo's Gerindra party, said the announcement "automatically ended the political cooperation of Gerindra and PKB" but added his party respected Muhaimin's decision. Reporting by Ananda Teresia; Writing by Gayatri Suroyo; editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Anies Baswedan, Former Jakarta Governor Anies Baswedan, Ganjar Pranowo, Prabowo Subianto, Joko, Muhaimin Iskandar, Prabowo, Anies, Djayadi Hanan, Susilo Bambang Yudhoyono, Muhaimin, Sufmi Dasco Ahmad, Prabowo's, Ananda Teresia, Gayatri Suroyo, Miral Organizations: REUTERS, Rights, Former Jakarta Governor, Saturday, Central Java, Defence, National Awakening Party, Indonesia's, Ulama, PKB, NU, Anies, Thomson Locations: Indonesian, Jakarta, Indonesia, Rights JAKARTA, Surabaya, East Java

That was within Bank Indonesia's 2023 inflation target range of 2% to 4%. A deeper look at the data showed that while headline inflation only rose modestly, annual rice inflation accelerated to 13.76% in August, the highest since June 2012. Myrdal Gunarto, economist with Maybank Indonesia, said he expected a limited increase in rice prices going forward due to planned imports from Southeast Asian countries, predicting headline inflation would remain manageable. As for rice inflation, Irman said: "As a staple, the (rice) inflation will affect purchasing power. But generally, food commodities are showing a moderation trend that is offsetting (rising) rice prices' impact."

Persons: Rice, Myrdal Gunarto, Irman Faiz, Irman, Stefanno Sulaiman, Gayatri Suroyo, Kanupriya Kapoor Organizations: Bank, Maybank, Bank Danamon, Thomson Locations: JAKARTA, Indonesia, Maybank Indonesia

☆ Earthquake of magnitude 7.0 strikes Bali Sea, Indonesia –EMSC
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +1 min

JAKARTA, Aug 29 (Reuters) - A strong earthquake of 7.0 magnitude struck deep in the sea north of Bali and Lombok islands in Indonesia early on Tuesday, the European-Mediterranean Seismological Centre (EMSC) said, sending residents running out of buildings. The quake's epicentre was 203 km (126 miles) north of Mataram, Indonesia, and very deep at 516 km below the Earth's surface, EMSC said. Indonesian and U.S. geological agencies pegged the magnitude at 7.1, with no threat of a tsunami. Guests at Bali's Mercure Kuta Bali ran out of their rooms after feeling the tremor for a few seconds, hotel manager Suadi told Reuters by phone. "The quake is deep so it should not be destructive," BNPB spokesperson Abdul Muhari said.

Persons: EMSC, Bali, Suadi, BNPB, Abdul Muhari, Ananda Teresia, Kanjyik Ghosh, Gayatri Suroyo, Sandra Maler, Stephen Coates Organizations: Seismological, Mercure, Reuters, Thomson Locations: JAKARTA, Bali, Lombok, Indonesia, European, Mataram, Indonesian, Jakarta, Bengaluru

Bank Indonesia's logo is seen at its headquarters in Jakarta, Indonesia, January 17, 2019. Bank Indonesia (BI) plans to issue new rupiah-denominated securities, using its holdings of government bonds as the underlying asset, as a new monetary instrument aimed at attracting foreign portfolio capital flows, Governor Perry Warjiyo said. BI kept the benchmark 7-day reverse repurchase rate (IDCBRR=ECI) at 5.75% for its seventh straight monthly policy review, as widely expected by economists surveyed by Reuters. Guarding the rupiah "is our way to protect the domestic economy, inflation and growth from global spillovers," Warjiyo told reporters. Inflation slowed in July to 3.08%, roughly the midpoint of the central bank's 2% to 4% target range.

Persons: Willy Kurniawan, Perry Warjiyo, Warjiyo, Radhika Rao, Shivaan Tandon, Bank Danamon, Fransiska Nangoy, Bernadette Christina Munthe, Stefanno Sulaiman, Ananda Teresia, Gayatri Suroyo, Martin Petty, Kim Coghill, Kirsten Donovan Organizations: REUTERS, Bank Indonesia, BI, Reuters, Securities, U.S, Treasury, DBS Bank, Capital Economics, Bank, Thomson Locations: Jakarta, Indonesia, JAKARTA, Asia's, China

JAKARTA, Aug 24 (Reuters) - Indonesia's talks with international partners on setting up a $20 billion fund for the country's transition from coal to cleaner energy have taken longer than anticipated and are complicated by rising borrowing costs, its finance minister said on Thursday. It was based on a similar $8.5 billion initiative in 2021 to help South Africa more quickly decarbonise its power sector. Another challenge is it will take time to hold public consultations with communities that could be affected by a project, such as the construction of a renewable power plant, the minister said. Indonesia has been pushing for coal power plant retirement financing to be seen as "acceptable" among global lenders and brought this up at a meeting of G20 finance ministers in July. The Association of Southeast Asian Nations (ASEAN) has included coal power plant retirement in its green taxonomy - a framework defining what investment is considered environmentally friendly.

Persons: Sri Mulyani Indrawati, Sri Mulyani, Gayatri Suroyo, Stefanno Sulaiman, Susan Fenton Organizations: Reuters, International Partners, World Bank, Asian Development Bank, The Association of Southeast Asian Nations, Thomson Locations: JAKARTA, United States, Japan, Indonesia, South Africa, Jakarta

☆ Indonesia, Boeing sign deal for sale of F-15 fighter jets
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

JAKARTA, Aug 22 (Reuters) - Indonesia's defence ministry and U.S. planemaker Boeing (BA.N) have signed an agreement on the sale of 24 F-15EX fighter jets to help modernise the Southeast Asian country's ageing fleet, the ministry and the company said. Boeing and the defence ministry did not provide details on the deal's value. This year, Jakarta bought 42 Dassault (AM.PA) Rafale fighter jets for $8.1 billion. It has also purchased 12 used Mirage 2000-5 fighter jets in an $800 million deal that drew criticism as the aircraft were considered too old. "After Rafale, the F-15 will make Indonesia a strong nation as we keeps building a mature defence diplomacy," the defence ministry spokesperson said.

Persons: Prabowo Subianto, Prabowo, Lloyd Austin, Sukhoi Su, Ananda Teresia, Gayatri Suroyo, Gerry Doyle Organizations: planemaker Boeing, Boeing, Boeing's St, Indonesian Defence, U.S ., Dassault, Thomson Locations: JAKARTA, Boeing's, Louis , Missouri, U.S, Jakarta, Indonesia

☆ Indonesia upper house speaker says 'important' to discuss means to delay elections
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

A worker walks on the roof of Indonesian Parliament Building in Jakarta, Indonesia, December 5, 2022. REUTERS/Willy Kurniawan/File Photo Acquire Licensing RightsJAKARTA, Aug 16 (Reuters) - The speaker of Indonesia's upper house of parliament said on Wednesday it was important for the country to discuss the means to delay elections in times of natural disasters, wars, or pandemics. Indonesia, the world's third-largest democracy, must hold national elections every five years, with the next vote scheduled for Feb. 14. Indonesia currently has no framework to delay an election and some politicians have called for the constitution to be amended to allow a postponement. "How do we hold elections in the case of unexpected events occurring, like big natural disasters, wars, revolts, or pandemics," Bambang Soesatyo, the upper house speaker, said in an annual address ahead of Indonesia's Independence Day.

Persons: Willy Kurniawan, Bambang Soesatyo, Bambang, Joko Widodo, Stefanno Sulaiman, Gayatri Suroyo, Stanley Widianto, Martin Petty Organizations: REUTERS, Rights, Thomson Locations: Jakarta, Indonesia, Rights JAKARTA

☆ Indonesia delays China-funded rail project's trial run for passengers
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

An electric Multiple Unit high-speed train is seen during Hot Sliding Test in Tegalluar, Bandung, West Java province, Indonesia, May 19, 2023, in this photo taken by Antara Foto. A free, limited trial run for passengers, initially set for Aug. 18, has been postponed to early September, but no delay is expected to the full operational launch on Oct. 1, KCIC said on Tuesday. Safety checks were ongoing as of last Friday, according to transport ministry official Mohamad Risal Wasal. KCIC said internal trials had gone smoothly but the company was still working with the transport ministry on necessary operational certificates. Reporting by Stefanno Sulaiman; Editing by Gayatri Suroyo, Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

Persons: Antara, Al Farisi, KCIC, Mohamad Risal Wasal, Xi Jinping, Joko Widodo, Stefanno Sulaiman, Gayatri Suroyo, Kanupriya Kapoor Organizations: Initiative, Thomson Locations: Tegalluar, Bandung, West Java, Indonesia, JAKARTA, China, Indonesian, Jakarta

On a quarterly, non-seasonally adjusted basis, GDP expanded 3.86%, compared with the poll's prediction of 3.72% growth. Meanwhile, exports contracted 2.75% in the second quarter on a yearly basis, in stark contrast to last quarter's growth of more than 10%. Myrdal Gunarto, economist with Maybank Indonesia, said he might raise his bank's full-year 2023 GDP growth outlook of 5.05%, but described the second quarter data as "a sign that economic activities had peaked". The better-than-expected data may spur monetary policymakers to shift their focus from growth to the current account, as strong domestic demand typically leads to rising imports, said Fakhrul Fulvian, economist with Trimegah Securities, who maintained his full-year 2023 GDP growth outlook at 5%. The government is targeting the same growth rate for 2023.

Persons: Eid, Joko Widodo's, Myrdal Gunarto, Myrdal, Fakhrul Fulvian, Radhika Rao, Stefanno Sulaiman, Fransiska Nangoy, Gayatri Suroyo, Martin Petty, Sonali Paul Organizations: Asia's, Statistics, Reuters, Maybank, Trimegah Securities, U.S ., Bank, DBS Bank, Thomson Locations: JAKARTA, Statistics Indonesia, Maybank Indonesia, Indonesia, Bank Indonesia

☆ Indonesia plans incentives for EV makers, sets up meeting with BYD, Tesla
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

Indonesia, the largest economy in Southeast Asia, has been trying to attract EV makers to invest in the country, enticing them with its rich nickel reserves - the world's biggest - which can be processed into EV batteries. However, some automakers like China's BYD have instead chosen to invest in Thailand, the region's automotive hub. "Tomorrow we are going to finalise incentives that we are going to give to any EV investment in Indonesia," Luhut said, adding they were awaiting President Joko Widodo's approval. Indonesia has been wooing Tesla for years, hoping to host an Asian production hub for the American EV maker. Tesla has been in talks with Indian officials for an investment in an EV factory there.

Persons: Pandjaitan, Luhut, Joko Widodo's, Elon Musk, Tesla, Ananda Teresia, Gayatri Suroyo, Kanupriya Kapoor Organizations: CNBC Indonesia, Maritime Affairs, Natural, EV, Thomson Locations: JAKARTA, Indonesia, Thailand, Vietnam, Southeast Asia, China's, Chengdu, California, United States, American

☆ At least 15 killed, 19 missing in ferry sinking in Indonesia
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

JAKARTA, July 24 (Reuters) - Indonesian authorities were searching for missing passengers on Monday after a ferry sank off Sulawesi island, killing at least 15, the national search and rescue agency said. Of 40 passengers on board, 19 were still missing, while six survived, the agency said in a statement. The cause of the sinking, which occurred at about midnight, was still unclear. Photos shared by the rescue agency showed victims' bodies covered in cloth on the floor of the local hospital. Reporting by Ananda Teresia, Gayatri Suroyo; Editing by Kanupriya Kapoor, XXOur Standards: The Thomson Reuters Trust Principles.

Persons: Arafah, Ananda Teresia, Gayatri Suroyo, Kanupriya Kapoor Organizations: Thomson Locations: JAKARTA, Muna, Kendari, Southeast Sulawesi, Ferries, Indonesia

☆ Indonesia launches new crypto bourse, clearing house
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration//JAKARTA, July 21 (Reuters) - Indonesia has launched a national crypto asset bourse to provide regulators with transaction records and better protect crypto investors, the government announced this week. The launch of the exchange and clearing house is also intended to strengthen monitoring of the booming sector amid a transition in regulatory oversight, according to the Commodity Futures Trading Regulatory Agency (Bappebti). Rising global interest rates have, however, dampened demand for crypto assets in recent months. The new bourse will list existing licensed crypto companies, such as Binance's Tokocrypto, Indodax and others as traders. PT Bursa Komoditi Nusantara will run the bourse and PT Kliring Berjangka Indonesia will clear transactions there, Bappebti chief Didid Noordiantmoko said in a statement.

Persons: Dado Ruvic, Didid Noordiantmoko, Bernadette Christina Munthe, Gayatri Suroyo, Kanupriya Kapoor Organizations: REUTERS, Commodity, Trading Regulatory Agency, Bursa Komoditi Nusantara, bourse, Kliring Berjangka, Tennet Depository Indonesia, Financial Services, Thomson Locations: JAKARTA, Indonesia, Indodax, Bursa, Kliring Berjangka Indonesia, Bappebti

☆ Indonesia, SpaceX launch satellite to boost internet connectivity
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

JAKARTA, June 19 (Reuters) - Indonesia and Elon Musk's rocket company SpaceX on Monday launched the country's largest telecommunication satellite from the United States, in a $540 million project intended to link up remote corners of the archipelago to the internet. Roughly two-thirds of Indonesia's 280 million population already use the internet, but connectivity is limited in far-flung, underdeveloped eastern islands of the Southeast Asian country. The satellite will occupy the orbital slot above Indonesia's eastern Papua region. It has a throughput capacity of 150 gigabytes per second and will provide internet access to 50,000 public service points, the Indonesian government said. The project is a public-private partnership between the government and Indonesian satellite service provider PT Satelit Nusantara Tiga.

Persons: Elon, Dewi Kurniawati, Gayatri Suroyo, Kanupriya Kapoor Organizations: Elon Musk's, SpaceX, Monday, Thales Alenia Space, PT Satelit Nusantara Tiga, Thomson Locations: JAKARTA, Indonesia, United States, Indonesian, Republic of Indonesia, Florida, Papua

☆ Indonesia confirms buying used fighter jets for $800 million after deal criticised
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

JAKARTA, June 14 (Reuters) - Indonesia confirmed on Wednesday it had bought 12 Mirage 2000-5 fighter jets previously used by Qatar, defending the nearly $800 million deal as a fast way to upgrade the air force after it was criticised by lawmakers who said the planes were too old. The defence ministry said in a statement that Indonesia had signed the deal for 733 million euros ($792 million) with Excalibur International a.s., a unit of Czech defence company Czechoslovak Group (CSG) in January. The country has long been seeking to overhaul its ageing air fleet which includes U.S.-made F-16 and Russian Sukhoi Su-27 and Su-30 jets. The country secured a deal to order 42 Rafale fighter jets for $8.1 billion in February. A planned purchase of F-15 fighter jets is also in advanced stages and awaiting final sign-off from the government, defence minister Prabowo Subianto said last year.

Persons: Tubagus Hasanuddin, Edwin Adrian Sumantha, Sukhoi Su, Prabowo Subianto, Ananda Teresia, Gayatri Suroyo, Peter Graff Organizations: Czechoslovak Group, Dassault Aviation, Indonesian Air, Thomson Locations: JAKARTA, Indonesia, Qatar, Czech, U.S, Russia, Jakarta

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