Wednesday, February 28, 2024 | 07:22 WIB

HEADLINE

Indonesia’s 3 Presidential hopefuls Plan to Shape the Nation’s Future Exit from the Middle Income Trap

When taking into consideration the amendments to the Constitution of the Republic of Indonesia, it is important to learn from previous experiences. When 1945 rolled around, Indonesia did not yet have any long-term development direction in the form of Garis Garis Besar Haluan Negara-GBHN (Broad guidelines of state policy) that is co-dominated, diverse partitions of songs, and different musical instruments reading the same partitions, which resulted in the production of songs that sound harmonic and smooth. It should come as no surprise that the leadership of the music conductor is an essential factor in the process of translating the partitions of the song into a series of different musical instruments. 

Walking a Tightrope Balancing Indonesia’s Course Between the US and China

Beneath the bustling markets and vibrant streets of Southeast Asia, a silent earthquake is reshaping the world’s political bedrock. The tectonic plates of global power are grinding against each other, with the United States, the once-undisputed king of the Pacific, now facing a formidable challenger in the form of a resurgent China. This collision of titans sends tremors through the region, and Indonesia, the sprawling archipelago at its heart, finds itself perched on a precipice.

Prabowo-Gibran National Campaign Team Aiming for a one-round victory

The popular discourse of the day is the likelihood of the Prabowo-Gibran ticket winning the presidential race in just one round, a narrative constantly echoed by the Prabowo-Gibran national election committee, coalition members and various volunteer organizations supporting the No 2 candidate pair. 

Indonesia’s Economic Outlook 2024 A decline may still be in the forecast

The government has a growth target of at least 5.2 percent in 2024, based on the assumption that our Rupiah will exchange at Rp15,000 per US dollar, and we will face an inflation rate of 2.8 percent YoY. Achieving this target is not going to be easy, given the domestic economy situation, where the purchasing power is under pressure and loans are only growing moderately, plus the global economy is expected to weaken further next year. 

Indonesia Maintains Trade Surplus for 43 Consecutive Months Economy continues to grow amid global uncertainty

Campaigning for Indonesia’s general elections, which comprise legislative and presidential campaigns, has begun in earnest. The presidential and vice presidential candidates are making their pitches for votes, by offering their ideas and positions on issues, from economics, social welfare, legal reform, health care, education, scientific endeavor, environmental sustainability to culture. Economy-wise, the topics encompass job creation to Indonesia’s international trade performance (in terms of exports, imports and trade balance). Unfortunately, the latter is often not given sufficient attention in the candidates’ vision and mission statements, as well as policy plans.

300 Rohingya land on Aceh’s unwelcoming shores A call for desperate measures to Indonesia’s refugee crisis

Since November this year, Aceh — the easternmost province of Indonesia — has seen over 1,600 Rohingya refugees arrive by boats, coming in nine waves (UNHCR, 2023), and more are expected. Regardless of the alleged involvement of human trafficking rings who exploit the misery of vulnerable refugees, they are already in Indonesia and must be taken care of immediately. 

Indonesia’s extreme weather Strengthening early detection

Changes in seasons and weather patterns in Indonesia are a logical consequence of the increase in the earth’s average annual temperature, which has been approaching 1.5 degrees Celsius in 2023. This means that Indonesia as an archipelagic state needs to immediately master accurate high-resolution weather and climate prediction technology as most of its territory is covered by water.

U.S. Investment in Indonesia Creating jobs and accelerating progress

The United States (US) is the largest economy in the world, with a GDP of US$25.46 trillion in 2022, accounting for 10.95 percent of global GDP. The size of the US economy is 19 times larger than Indonesia’s (US$1.32 trillion in 2022). No wonder it has become many countries’ strategic cooperation partner, including that of Indonesia. 

Indonesia Presidential Race Is On! Prabowo-Gibran take the lead

On February 14, 2024, Indonesians will vote for their next President and Vice President. In contrast to the Presidential elections in 2014 and 2019, the 2024 edition will see an interesting three-cornered battle.

Building an economic foundation through industrial downstreaming: A grand strategy to realize Golden Indonesia 2045 Vision

Indonesia must continue to transform its economy if it is to achieve the status of a developed country. To realize this dream, the Government has made various breakthrough efforts, as it requires high economic growth and a move away from “business as usual”.

A CPO BOURSE: Challenges and Opportunities

Finally, after a long delay, the Palm Oil Futures Exchange was launched by the Trade Ministry, on Friday (13/10). The establishment of a CPO bourse has long been a dream of Indonesian palm oil stakeholders. However, it is worth mentioning that it is in fact not the first CPO exchange in Indonesia. It complements the several existing exchanges, namely, the Indonesia Commodity and Derivatives Exchange (ICDX) for CPO asset class; the Jakarta Futures Exchange for palm olein (derivative of CPO) asset class; the physical exchange run by the PT Kharisma Pemasaran Bersama Nusantara (KPBN), a subsidiary of state-owned plantation holding company PT Perkebunan Nusantara III (PTPN); and the CPO auction held by PT Astra Agro Lestari, one of the leading palm oil companies in Indonesia. 

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