Indonesia
UPDATE: Tsunami warning issued by Philippines, Indonesia following M7.6 quake
Authorities in The Philippines and Indonesia have issued tsunami warnings after a powerful 7.6-magnitude earthquake struck off the coast of Mindanao in the southern Philippines early on October 10.
State control rattles Indonesia’s fuel market
Indonesia’s tighter control on private fuel imports has sparked debate over how far the government should go to protect its domestic energy market and ensure national energy sovereignty.
Trump’s attendance at ASEAN Summit hinges on Cambodia–Thailand peace deal
US President Donald Trump will only attend the upcoming ASEAN Summit in Malaysia later this month if he is allowed to preside over a symbolic peace deal signing between Cambodia and Thailand,
World Bank warns of rising informal employment across East Asia, with Indonesia most affected
The World Bank has raised concerns over worsening employment quality across East Asia and the Pacific, warning that the growing shift towards informal and low-productivity jobs threatens the region’s economic resilience.
LONG READ: Trade is the glue that holds Global Emerging Markets Institutions together
The world order is changing. The emerging markets are coming of age and they are setting up a raft of largely non-Western Global Emerging Markets Institutions (GEMIs) to coordinate their lives. Trade is the glue that binds them together.
LONG READ: The GEMIs, the Global Emerging Markets' interlocking institutions
The international order is breaking up as the Global Emerging Markets build a raft of new non-Western interlocking international institutions to run their vision of a new multipolar world order.
Death toll rises in Indonesian Islamic boarding school collapse
Rescue efforts remain ongoing, with dozens of students feared trapped beneath the rubble. Officials have not yet disclosed the cause of the building’s collapse.
Mass food poisoning in Indonesia linked to government’s free meal programme
It was reported that between mid-August and mid-September alone, 978 students required hospital treatment for diarrhoea, vomiting, rashes, facial swelling, breathing problems, and headaches.
Indonesia’s World Bank debt and the price of a green transition
Indonesia is routinely listed among the World Bank’s largest borrowers, second only to India in some recent tallies, reflecting an outstanding balance with the Bank running into the tens of billions and placing Indonesia among the top 10 debtors
Indonesia pushes two-state solution, possible recognition of Israel at the UN
Addressing the High-Level Conference on Palestine and the Two-State Solution in New York, the Indonesian president delivered a stark condemnation of the violence in Gaza, framing Israel’s military campaign as genocidal.
Argentina’s meltdown, Asia’s dilemma
Argentina has been here before - the country having endured multiple financial meltdowns over the last half-century - each one leaving scars on its once vibrant society and economy.
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Indonesia’s Raja Ampat - tourism hub or den of corruption?
In recent years, Indonesia has doubled down on promoting Raja Ampat, a remote archipelago in West Papua famed for its biodiversity, as a global eco-tourism icon.
Extreme poverty falling steadily – OWID
To track progress towards ending extreme poverty, the United Nations relies on World Bank estimates of the number of people living below a poverty threshold called the “International Poverty Line” (IPL), Our World in Data (OWID) reports.
Asia’s gas utilities are politically shielded but economically exposed
Many of the region’s gas distributors enjoy the safety net of being government-related entities and are ‘protected’ to a large extent. Their credit profiles are, in reality, extensions of sovereign ratings rather than stand-alone assessments.
Bank Indonesia’s credibility at risk as markets watch and wait
Indonesia’s central bank is finding itself under sharper investor scrutiny after Governor Perry Warjiyo confirmed a new “burden-sharing” arrangement with the government.
From World Bank to patriotic homecoming in Indonesia - then dismissal
Indonesia’s long-serving finance minister, Sri Mulyani Indrawati, was abruptly removed from her post in early September and replaced by economist Purbaya Yudhi Sadewa.
Seven workers trapped following mudflow at Indonesian mine
A mudflow has struck PT Freeport Indonesia’s Grasberg Block Cave underground mine in Tembagapura, Central Papua, leaving seven workers trapped.
Xi and Putin to join BRICS emergency talks on US trade measures
Brazil's President Lula rallies leaders from emerging economies for a virtual meeting to find a coordinated response to aggressive US trade measures.
Indonesia uncovers over $60mn in Hajj quota corruption
The Corruption Eradication Commission has intensified its investigation into alleged corruption surrounding Indonesia’s 2023–2024 Hajj quota.
Indonesia readies seven IPOs as mining, property units eye market debuts
The Indonesia Stock Exchange said seven companies are preparing to go public, adding momentum to what has already been a busy year for equity fundraising