INDONESIA
Palm oil dips as India import tax concerns counter weak supply outlook
India is considering raising import taxes on vegetable oils to help protect farmers reeling from lower oilseed prices, two government sources said on Wednesday. The move, which is likely to be announced in the coming weeks, could dampen demand and reduce overseas purchases of palm oil.
India-Indonesia condemn use of terror proxies for cross-border terror
The recent 6th meeting of the India-Indonesia Joint Working Group on Counter-Terrorism in Jakarta saw both nations condemning cross-border terrorism. Officials discussed global terrorism threats, including the misuse of technology and terror financing. They also stressed the importance of cooperation in forums like the UN and ASEAN to effectively combat terrorism.
India, Indonesia resolve to boost anti-terror cooperation
At the sixth India-Indonesia joint working group meeting on counter-terrorism, both nations denounced the use of terrorist proxies for cross-border terrorism and stressed the importance of international collaboration. The meeting addressed challenges involving the misuse of new technologies and internet for terrorism. Discussions included regional and global threat evaluations and cooperation in forums such as the UN and ASEAN. The Indian delegation was led by K D Dewal, while Andhika Chrisnayudhanto headed the Indonesian team.
Indonesia searches for ways to balance domestic industries with surging Chinese imports
A protest by workers in Jakarta prompted Indonesian Minister of Trade Zulkifli Hasan to announce in July that the government will impose import tariffs of up to 200% on some products from China, particularly textiles, clothing, footwear, electronics, ceramics and cosmetics, to try to protect local businesses and prevent layoffs.
Indonesia and Australia finalise new bilateral defence treaty
Indonesia and Australia have finalized a landmark defense treaty that will significantly enhance military cooperation between the two nations. The agreement, reached during a meeting between Indonesian President-elect Prabowo Subianto and Australian officials, will allow for increased joint exercises and operations within each other's territories. Australian Defense Minister Richard Marles hailed the pact as the most significant bilateral agreement to date. Despite differing threat perceptions regarding China, both countries aim to strengthen their strategic partnership and support a rules-based global order. The treaty will be formally signed during Marles' upcoming visit to Jakarta.
Pushing new frontiers in business: India-Indonesia Chamber of Commerce relaunched
The Embassy of India, in cooperation with IndCham, relaunched the Indian Chamber of Commerce in Indonesia, aiming to enhance economic collaboration. Attended by business leaders and professionals, the event underscored the significance of India-Indonesia relations and their joint pursuit of growth targets. The revamped Chamber focuses on fostering new collaborations.
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Indonesia bans search engine DuckDuckGo on gambling, pornography concerns
Indonesia has banned DuckDuckGo, a search engine known for its privacy features, over concerns about pornography and online gambling content. The communications ministry was responding to numerous public complaints. The nation has stringent regulations against obscene online content and has also blocked other platforms like Reddit and Vimeo. This move is part of a broader crackdown on online gambling.
Indonesia launches Golden Visa to lure foreign investors
Indonesia introduced a long-term visa program to attract foreign investors with visas of up to 10 years. Investors need to invest a minimum amount ranging from $350,000 to $50 million. The initiative aims to draw significant investments into the economy. Nearly 300 applicants granted visas since last year's trial phase, earning $123 million in investments.
India, Indonesia, Australia resolve to work towards free Indo-Pacific
At a focal points meeting, India, Indonesia, and Australia reaffirmed their commitment to a free, rules-based, peaceful, inclusive, and prosperous Indo-Pacific. They discussed the Indo-Pacific Oceans Initiative, IORA, marine pollution, blue economy, emphasizing maritime domain awareness and ASEAN convergence. Prime Minister Modi proposed IPOI at Bangkok's 2019 East Asia Summit for a secure maritime domain.
Coffee prices inch higher in Vietnam amid sluggish trade, low supplies
The price of robusta beans has risen 63% this year, peaking on Tuesday at $4,667 a metric ton on the London-based ICE Futures Europe market.
Boeing to plead guilty in US probe of fatal 737 MAX crashes
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge related to two fatal 737 MAX crashes in 2018 and 2019 that killed 346 people. This plea, requiring federal judge approval, would classify Boeing as a convicted felon and necessitate a $243.6 million fine. The crashes in Indonesia and Ethiopia prompted victim families to demand Boeing's prosecution. Although the plea could hinder Boeing's ability to secure government contracts, it avoids a public trial and facilitates future business moves, including acquiring Spirit AeroSystems.
Woman went out to get medicines for her son found dead inside 30-foot python
36-year-old Siriati from Siteba village, South Sulawesi, was found dead inside a python after missing 500 metres from home while buying medicine. Her husband Adiansa found her slippers and pants. Villagers cut open the retriculated python, revealing her body. This is the second such incident in a month, highlighting its rarity.
World’s most volatile big stock is rocking Indonesia’s market
Indonesia's stock market faces turmoil as PT Barito Renewables Energy's volatility alarms investors. Foreign capital outflows increase due to uncertainties in fiscal policy and a weak currency, triggering downgrades by major financial institutions.
Indonesia data hit by cyberattack not backed up, officials say
Indonesia experienced a significant cyberattack that affected over 230 public agencies, including ministries, causing disruptions to various government services such as immigration and operations at major airports. The attackers demanded an $8 million ransom to retrieve the encrypted data, but the government chose not to pay the ransom and instead focused on restoring services and strengthening cybersecurity measures to prevent future incidents.
Indonesia arrests over 100 Taiwanese for alleged cyber fraud
Indonesian police have arrested more than 100 Taiwanese at a villa in Bali over alleged cyber fraud, authorities said Friday. In 2018, Bali Police arrested 103 Chinese nationals, along with 11 Indonesians allegedly working for them, for running a multi-million-dollar cyber fraud syndicate that targeted wealthy businessmen and politicians in China.
Ecommerce firm Shopee to adjust services in Indonesia after antitrust violation
Stefanno Sulaiman's report emphasizes Shopee's compliance and market leadership in Indonesia's e-commerce sector. Edited by John Mair and Lincoln Feast, the focus remains on regulatory adherence and user satisfaction, amidst ongoing KPPU investigations into industry players.
Cyber attack compromised Indonesia data centre, ransom sought: report
Indonesia's communication ministry on Monday said, the attack disputed some government services, most notably at aiports though automated machines were not functional. The Lockbit cybercrime group is notorious for using malicious software called ransomware to digitally extort its victims. They used a new variant of existing malicious software called Lockbit 3.0.
Coffee prices slightly down in Vietnam, volatile in Indonesia
Vietnam exported 79,358 metric tons of coffee or 1.32 million 60-kg bags in May, a decrease of 47.8% from the previous month, customs data showed.
Lakshya Sen bows out of Indonesia Open
India's challenge at the Indonesia Open Super 1000 tournament ended as Lakshya Sen lost to Anders Antonsen in the quarterfinals.
Indonesia accepts South Korea warship donation, despite cost concerns
Indonesia's parliament has approved a proposal to accept a South Korean donation of a corvette for its navy, despite concerns about the vessel's age and the need for significant maintenance costs. The 36-year-old corvette, Bucheon 773, is seen as a boost to Indonesia's military capability, but it requires approximately $85 million for maintenance and additional costs before it can be operational. Defence Minister Prabowo Subianto has been advocating for upgrading Indonesia's military hardware, but his decision to procure used equipment has faced criticism.
Sri Lanka gives preliminary approval to Elon Musk's Starlink
Sri Lanka's telecommunications regulator gave preliminary approval after a public consultation, the president's office said in a short statement. Musk and Wickremesinghe had discussed ways to expand internet connectivity in rural Sri Lanka and potential collaboration on renewable energy, the president's office said.
Indonesia floods kill 67 as rescuers race to find missing
Indonesian rescuers raced Wednesday to find dozens of people still unaccounted for after heavy rains caused flash floods and washed volcanic debris into residential areas over the weekend, sweeping away houses and leaving 67 people dead. Hours of torrential rain on Saturday caused mud and rocks to flow into districts near one of Indonesia's most active volcanos
Indonesia flood death toll rises to 50 with 27 missing
Rescuers recovered more bodies on Tuesday after flash floods and cold lava flow on Indonesia's Sumatra island over the weekend killed at least 50 people and left another 27 missing, the country's disaster agency said. In 2022, about 24,000 people were evacuated and two children were killed in floods on Sumatra island, with environmental campaigners blaming deforestation caused by logging for worsening the disaster.
12 dead after Indonesia flash floods, cold lava flow
The disaster hit Agam and Tanah Datar districts in West Sumatra province at around 10:30 pm (1530 GMT) on Saturday after hours of heavy rain, triggering a flash flood and a cold lava flow from Mount Marapi, according to Basarnas search and rescue agency.
Indonesia says Elon Musk's Starlink granted licences to operate
Starlink's network of low Earth orbit satellites can provide internet to remote locations or areas that have had normal communications infrastructure disabled. Indonesia is a vast archipelago of more than 17,000 islands and Jakarta is seeking to connect millions more of its population who are not hooked up to reliable internet services.
Indonesia's Ruang volcano erupts again, alert status at highest
The country's Center for Volcanology and Geological Hazard Mitigation (PVMBG) raised the alert status to the highest level following the early morning eruption, urging residents not to go near the volcano, according to its website.
Thousands evacuated as Indonesia volcano erupts, causes tsunami threat
The crater of Mount Ruang flamed with lava against a backdrop of lightning bolts overnight after erupting four times on Wednesday, forcing authorities to raise its alert level to the highest of a four-tiered system.
Indonesia's Prabowo wins presidential election, poll body says
Prabowo Subianto wins Indonesia's presidential election with 59% of votes, promising continuity with Widodo's policies. His running mate, Gibran Rakabuming Raka, is set to become vice president. PDI-P secured the lead in legislative elections.
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