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Indonesia

International

Indonesia to procure BrahMos missiles from India

[JAKARTA] Indonesia has entered into an agreement with India to procure the BrahMos missile system, its defence ministry spokesperson Rico Ricardo Sirait told Reuters on Monday (Mar 9).

“Even if global oil prices rise, we will absorb (the shock) with the budget and we will control the impact as much as possible,” Indonesia's Finance Minister Purbaya Yudhi Sadewa said.
Asean Business

Indonesia will absorb shock from soaring oil prices using state budget

Energy subsidy, compensation budget at 381.3 trillion rupiah this year

A solar cell production facility at a joint venture in Indonesia. For solar farms to secure financing, they typically have to be considered “bankable” for 20 to 25 years.
Asean Business

‘Should have started by now’: Indonesia’s plan to export solar energy to Singapore hits a snag

[JAKARTA] The planned export of solar energy from Indonesia’s Batam to Singapore appears to have hit a snag, as appointed electricity exporters face challenges in securing financing under Jakarta’s li...

Prabowo has faced rising criticism since the outbreak of the conflict for joining US President Donald Trump’s Board of Peace.
International

Indonesia says Pakistan, UAE back Prabowo as Iran mediator

Others in Indonesia have criticised the president’s delayed condolences after the killing of Supreme Leader Ayatollah Ali Khamenei

Critics have said that Indonesia’s participation also compromises its long-standing support for the Palestinian cause.
International

Indonesia will quit Trump’s Board of Peace if it does not benefit Palestinians, Prabowo says

The US commander of the stabilisation force said last month that his deputy would be Indonesian

Indonesia’s announcement reflects a growing consensus around the world that unfettered use of social media is bad for children.
Asean Business

Indonesia to block children under 16 from social media

Malaysia is mulling similar restrictions

Indonesia's Finance Minister Purbaya Yudhi Sadewa’s most controversial policy was to move more than 200 trillion rupiah (S$15.1 billion) of government money from the central bank to state-owned lenders in a bid to supercharge private sector credit growth.
Asean Business

Indonesia’s ‘cowboy’ finance czar shrugs off investor alarm; ‘I know what I’m doing’

Purbaya defends fiscal policy amid criticism from investors and ratings agencies

Bank Indonesia’s monetary policy role faces new challenges as President Prabowo Subianto pursues an ambitious 8% growth target.
Asean Business

Behind Fitch’s warning: Why revising Indonesia’s State Finance Law matters for investors

The Bill, under parliamentary review, is included in this year’s legislative priorities

Fitch Ratings' outlook revision adds to growing scrutiny from global rating and index providers of Indonesia’s policy and fiscal outlook.
Asean Business

Fitch cuts Indonesia outlook to negative on policy, fiscal concerns

The revision follows earlier warnings from MSCI and an outlook downgrade by Moody’s

Above: The Indonesia Stock Exchange in Jakarta, Indonesia. The bourse may divide companies into two batches based on their readiness to offer more stocks to meet the 15% free-float rule.
International

Indonesia regulator expects 75% of listed firms to meet 15% free-float rule within first year

The country is implementing capital market reforms, after transparency issues put it at risk of being downgraded to frontier market status

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