indonesia

Indonesia files WTO lawsuit against EU over palm oil limits

(Dec 16): Indonesia has taken legal action against the European Union over stricter limits on how palm oil can be used in green fuels, marking a further deepening in trade tensions.

The nation filed a lawsuit with the World Trade Organization on Dec. 9 alleging discrimination against Indonesian palm-oil exports, the trade ministry said Sunday. Indonesia, the world’s biggest producer of the oil, warned earlier this year it would retaliate after the European Commission restricted the types of biofuels from it that may be counted toward the EU’s renewable-energy goals.

Indonesia: Jokowi's second term holds promises

SINGAPORE (Nov 25): President Joko Widodo, or Jokowi as he is fondly called, began his second term at the end of October. His new administration was fully in place by early November when all his senior cabinet officials as well as deputy ministers had been sworn in.

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Indonesia's Jokowi picks main rival Prabowo, Gojek founder Makarim for Cabinet

(Oct 22): Indonesian President Joko Widodo asked the nation’s opposition leader and the founder of its biggest startup to join a revamped cabinet as he puts the Southeast Asian nation on a path to become a US$7 trillion ($9.5 trillion) economy.

Prabowo Subianto, the president’s challenger in the 2014 and 2019 elections, told reporters he was offered a ministerial post in the defence sector after meeting with Widodo in Jakarta on Monday. Nadiem Makarim, the 35-year-old co-founder of ride-hailing service Gojek, said he was also offered a cabinet post.

Giant on the move

SINGAPORE (Oct 14): Last December, ahead of the presidential election, Indonesian President Joko Widodo (Jokowi) and his running mate Ma’ruf Amin presented nine “missions” as part of their ambitious manifesto. Titled “Indonesia Maju”, or Indonesia Moving Forward, first on the list was human development — programmes for the poor, children and women as well as health and sanitation services.

Indonesia: The giant of Southeast Asia

The republic’s young, 264 million-strong population and burgeoning internet economy make it a behemoth in the region. Yet, it is hampered by a highly complex regulatory landscape and a massive, fragmented domestic market. In the third of our series on Southeast Asia, we take a look at Indonesia’s challenges and opportunities.

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Singapore offers Indonesia help to combat 'scourge' of haze

(Oct 8): Singapore has reached out to Indonesian authorities to offer assistance and urge action in combating the “perennial scourge” of haze on the region, with no response from Indonesia thus far, the Ministry for the Environment and Water Resources said in written responses to Parliament queries Monday.

Here are more comments from the ministry regarding the haze issue:

Indonesia online mall valued at US$2.5 bil after landing investment from including GIC

(Oct 4): PT Bukalapak.com raised capital from investors including Indonesian media giant Emtek and South Korea’s Shinhan Financial Group Co., a round of funding that valued the online marketplace at more than US$2.5 billion ($3.4 billion).

Southeast Asia braces for haze as forest fires keep burning

(Sept 13): Governments in Southeast Asia are taking steps to guard against a potential deterioration in pollution levels from Indonesian forest fires, as smoke and ash continue to blanket the skies over the region.

While Malaysian Prime Minister Mahathir Mohamad and President Joko Widodo struck a cordial tone with each other -- Mahathir wrote a letter to Jokowi, as Widodo is known, offering help to put out the forest fires -- the two countries’ environment ministers took a less amiable tone, laying blame on each others’ countries for the haze.

TranSwap secures remittance licence in Indonesia

SINGAPORE (Aug 29): TranSwap, Singapore’s homegrown cross-border payment platform, has obtained its money remittance Fund Transfer Operator licence from Bank Indonesia.

The licence will enable TranSwap to provide services for outbound cross-border payments in Indonesia - the company’s third Asian location after Singapore and Hong Kong.

TranSwap was launched in 2017 to address payment pain-points faced by SMEs through a secure, cost-effective and convenient cross-border payment solution to businesses in Singapore and Hong Kong.

Jokowi to announce new Indonesia capital to replace Jakarta

(Aug 26): Indonesian President Joko Widodo will announce the site of the country’s new capital on Monday, ending months of speculation about the location of the new city to replace Jakarta as the administrative headquarters.

The announcement will be broadcast live from 1 p.m. Jakarta on the official YouTube channel of the president’s secretariat. Jokowi, as the president is known, recently sought lawmakers’ approval to move the capital to Kalimantan island after first proposing the relocation in April.

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