Indonesia

In order to create a sovereign wealth fund to attract investment and boost the economy, the Indonesian government is planning 75 trillion rupiah (S$6.8 billion) in cash. Global heavyweights have shown interest in joining the United States and the United Arab Emirates. The creation of a sovereign fund, to be known as the Investment Authority of Indonesia, is part of …

The Presidential Secretariat refuted reports that the working visit of President Joko “Jokowi” Widodo to Central Kalimantan was an attempt to stop mass protests in front of the Presidential Palace against the newly adopted and highly controversial Job Creation Legislation. Jokowi’s trip to Kalimantan had been scheduled for a long time which was stated by Bey Machmudin, the secretariat’s deputy …

Indonesia is trying to obtain AstraZeneca vaccines as part of its strategy to acquire overseas doses while rising local production to inoculate its more than 270 million population. In an interview with Yvonne Man of Bloomberg Television, the country’s international and state-owned enterprise ministries are in talks with the UK-based business, Research and Technology Minister Bambang Brodjonegoro, who leads the …

Here’s what’s happening as Indonesian police used water cannons and tear gas to disperse demonstrators protesting against a new employment law in two cities on the island of Java. Earlier, at the start of a three-day national strike against President Joko Widodo’s “omnibus” Job Development bill, which was signed into law on Monday, thousands of employees and students protested peacefully …

The biggest generation of social media users are K-Pop fans. They joined the hashtag movement and heard about it because they didn’t even know about the omnibus statute. The omnibus law was known to most K-Pop fans. It noted that most of those active in echoing demonstrations against the law were mostly non-partisan public. It is not the first time …

As the House of Representatives and the government voted to sign it into law in Monday’s plenary session, trade unions and civil rights organizations expect to take to the streets again to protest against the divisive job creation omnibus bill. Trade unions and civil rights groups plan to take to the streets again to demonstrate against the controversial job creation …

In the past five years, the Indonesian Armed Forces (TNI) have formed new combat organizations, including a variety of joint commands, divisions and task forces. The latest joint battle divisions include Division III of the Strategic Reserves Command of the Army, Operation Command III of the Air Force, Armada III of the Navy, and the Third Marine Force, the Head …

Following the planned deliberation of the omnibus bill on job development this week, the government is pinning its hopes on foreign investment and state spending to accelerate economic growth next year, the country’s top officials have said. On Oct. 2, the head of the Fiscal Policy Agency of the Finance Ministry, Febrio Kacaribu, said that economic reforms through the bill, …

Former National Mandate Party (PAN) patron Amien Rais, a staunch critic of the administration of President Joko “Jokowi” Widodo,  after his departure in the midst of an internal split within the PAN, announced his newly formed party called Partai Ummat, or the Ummah Party. Amien declared the new party via a broadcast on Amien Rais Official, his Youtube channel. Amien, …

Here’s what’s interesting at the 2020 Denpasar Festival, Bali, some 15 photographers from the local Balinese, national, and international mass media exhibited 40 photographs on COVID-19 handling at the ‘Bali in the center of the COVID-19 Pandemic’ exhibition. From 3 October to 31 December, the photo exhibition will include 15 photographers, including seven from print media companies in Bali, three …