Indonesia

President Joko Widodo shared that the government would try to push the growth of the financial industry of the domestic sharia that he described as a sleeping giant. Jokowi claims that one plan for awakening the sleeping giant was to develop an institution that would emerge as Indonesia’s largest sharia bank. The President applied to the merger of three Sharia …

The Vice-President Ma’ruf Amin of Indonesia finally spoke against the perpetuation of the Islamophobic discourse underlying the recent denunciation of radical Islamists by French President Emmanuel Macron. The Vice-President regrets President Macron ‘s comment that all Muslims are the same which were are generalized without analyzing the various teachings or whether those who interpret Islam may be incorrect. In quoting …

The central executive board of Muhammadiyah, the second largest Islamic organisation in Indonesia after Nahdlatul Ulama, condemned the anti-Islam remarks of French President Emmanuel Macron and argued for free expression of ideas. In view of this, The blasphemous and anti-Islam declarations of President Macron have reinforced his intolerance towards other citizens who honor their prophets or religious leaders. Despite their …

The prestigious club of the few Asian countries that have formed sovereign wealth fund (SWF) will soon be entered by Indonesia and this is something that they are waiting for.  In view of this, The newly passed Job Development Legislation stipulates that the Indonesian Investment Authority (LPI) with an initial capital of Rp 15 trillion ($1.36 billion) derived from the …

For President Joko Widodo (Jokowi), the Job Creation Law would usher in systemic reform of MSMEs to streamline the way their enterprises are managed. The government emphasized that they continued to pursue structural reforms over the past six years to improve the ease of doing business for MSMEs, including through the Job Creation Law. The president remarked that the Job …

Indonesia is poised to become a Battleground for the manufacture of electric vehicle batteries as two global giants, China’s CATL and South Korea ‘s LG Chem, are investing billions of dollars in supply chains, tapping into the resource-rich Southeast Asian nation’s abundant reserves of nickel, a crucial raw material. Indonesia owns about one-quarter of the world’s nickel reserves, with the …

In the past five years, tropical forests and peatland areas greater than the Netherlands have burned in Indonesia, Greenpeace on the other hand, lambasting the government of President Joko Widodo for enabling the pulpwood and palm oil industry to operate with impunity while bearing major responsibility” for the fire crisis. The influential environmental group said in a new study on …

In the Job Creation Legislation, the International Monetary Fund ( IMF) raised questions about the security of the environment-or the lack thereof-and called on the government to ensure sustainable development. Thomas Helbling, IMF mission chief for Indonesia shared that while the new omnibus law would ease restrictions defined as barriers to job-creating investment and higher efficiency, which could boost development …

Japan and Indonesia have agreed to strengthen their security relations by expediting talks on the export of Japanese defense technology and consulting their defense ministers and foreign ministers in the near future. As Japanese Prime Minister Yoshihide Suga met Indonesian President Joko Widodo at the presidential palace in Bogor, south of Jakarta, this reflects concerns about increasing Chinese regional assertiveness. …

After a meeting in Washington between Indonesian Defense Minister Prabowo Subianto and US Defense Secretary Mark Esper, Indonesia and the United States agreed to enhance defense and security cooperation. According to a joint statement by the Ministry of Defence of Indonesia and the US Department of Defence on the same day, the top defence officials discussed regional stability, bilateral defence …