President Joko “Jokowi” Widodo called on all Ministries/Government Institutions to anticipate the spread of coronavirus which could potentially affect global economy, particularly the economy of the People’s Republic of China, and other countries in Asia including Indonesia. The statement was quoted by Minister of Finance Sri Mulyani in a press release after attending a Plenary […]

President Joko “Jokowi” Widodo nominated Mari Elka Pangestu, former Minister of Trade (2004-2011) and Minister of Tourism and Creative Economy (2011-2014), as managing director of the World Bank. “President Jokowi expressed hope that I can update the current world situation regularly, including the issues and challenges so that he can always get updated,” Mari Elka […]

President Joko “Jokowi” Widodo instructed all ministers and heads of institution to accelerate budget spending due to the global economic slowdown. “In this situation, our speed in spending the existing budgets in each ministry is an important lever for improving the unfriendly global economy, especially with the coronavirus outbreak,” President Jokowi delivers his remarks at […]

Indonesia and Australia committed to strengthening bilateral relations and cooperation. “Australia sees Indonesia not only as a neighbor but a leader of a region which can be a good partner for Australia on many issues,” Minister of Foreign Affairs Retno Marsudi stated during a press conference at the Hyatt Hotel Canberra – A Park Hyatt […]

The Government has announced its plan to prepare a strategy aims to boost the country’s economic transformation for the next five years, Presidential Special Staff Arif Budimanta has said. “First, we should encourage Government spending that potentially stimulates public consumption, including the distribution of village fund with a 40: 40: 20 scheme, Smallholder Business Credit […]

The Indonesian Government opens new markets and opportunities for businesses, including primary producers, service providers, and investors, President Joko “Jokowi” Widodo has said. “I am proud that I can meet with Indonesian-Australian business people from various sectors here. This is not my first visit to Australia but this is the first in my second term […]

In a bid to strengthen bilateral relations with the Australian Government in the of global challenges, the Indonesian Government has proposed a notion of an Ausindo Wave (Australia-Indonesia) for the youth of the two countries and four priority agendas. “First, we should continue to advocate the values of democracy, human rights, tolerance and diversity, as […]

The ratification of Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) marks a beginning of new era for the two countries, President Joko “Jokowi” Widodo has said. “It means that in the next five years, our bilateral cooperation will be better and well-targeted,” the President said in his remarks during a joint press statement after meeting with […]

Indonesia and Australia have decided to sign an agreement on air connectivity, vocational education, and transportation safety. “There is also the signing of 2 documents, namely plan of action for the implementation of a strategic comprehensive partnership in 2020-2024 and an MoU on transportation,” Minister of Foreign Affairs Retno Marsudi stated during a press conference […]

Following the ratification of Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), Australian investors are expected to show interest to make investment in textile and automotive sectors in Indonesia. “We know that investment from Australia so far has not entered the top five of investment in Indonesia. The range is between US$400-700 million,” Coordinating Minister for Economic […]