Business News
Strengthening Australia–Indonesia Defense and Economic Ties
In May 2025, Australian Prime Minister Anthony Albanese and Indonesian President Prabowo Subianto met in Jakarta to enhance bilateral cooperation in defense and economic sectors. Albanese emphasized Indonesia’s significance to Australia, citing the region’s rapid growth and Indonesia’s projected rise to the world’s fifth-largest economy by 2040. The two countries,…
Makassar Port to Become a New Import-Export Hub, Aiming to Reduce Logistics Costs in Eastern Indonesia
The Indonesian government is developing Makassar Port as a new import-export centre to reduce logistics costs to and from eastern Indonesia. Secretary General of the Ministry of Transportation (Kemenhub), Antoni Arif Priadi, has stated that shipments from the eastern region currently require passage through Jakarta or Surabaya prior to international…
The Indonesia-Singapore Bilateral Meeting Addressed the Strengthening of Trade Relations and Regional Economic Stability
On 25 May 2025, the Indonesian Trade Minister, Budi Santoso, and the Singaporean Deputy Prime Minister and Minister of Trade and Industry, Gan Kim Yong, met in Kuala Lumpur, Malaysia, following the 25th ASEAN Economic Community Council-AECC Meeting. The purpose of the strategic forum is to strengthen trade relations between…
President Prabowo Signs Tourism Cooperation Deal Between Indonesia and China
From 24-26 May 2025, during Chinese Premier Li Qiang's working visit to Indonesia, the governments of Indonesia and China officially signed a tourism memorandum of understanding (MoU). This visit is intended to strengthen the strategic partnership between the two countries, including cooperation in the fields of economy, health, and tourism.…
