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Minister dismisses rumors of two Nunukan villages joining Malaysia

Jakarta, June 29 -- Home Affairs Minister Tito Karnavian firmly dismissed circulating rumors that two villages in Nunukan, North Kalimantan, have been absorbed into Malaysian territory. Speaking befo... Read More


Indonesia's fiscal condition well-managed: deputy minister

Jakarta, June 29 -- Deputy Minister of Finance Juda Agung reassured the public and investors that Indonesia's fiscal condition remains well-managed, supported by strong revenue growth and disciplined ... Read More


Government evaluates EV incentives for national car project

Jakarta, June 29 -- The government is currently evaluating the highly anticipated electric vehicle (EV) incentives as it shifts focus toward developing a national car program, Coordinating Minister fo... Read More


Indonesia's nickel: From powerhouse to price maker

Jakarta, June 29 -- Indonesia has transformed its nickel industry from a raw commodity exporter base into a strategic industrial force in less than a decade, emerging as the world's largest producer w... Read More


Indonesia draws US$9B into central bank bills, sovereign bonds YTD

Jakarta, June 29 -- Recent interest rate hikes have driven approximately US$9 billion in foreign portfolio inflows into Indonesia's central bank securities and government bonds this year, a senior mon... Read More


Indonesia slashes industrial LNG prices to shield manufacturers

Jakarta, June 29 -- Indonesia has lowered industrial liquefied natural gas (LNG) prices to US$13 per MMBtu to protect domestic manufacturers and prevent mass layoffs amid rising global energy costs, E... Read More


Indonesian marines join RIMPAC drills in Hawaii

Jakarta, June 29 -- Indonesian Navy marines joined troops from Malaysia, Fiji, Peru, Sri Lanka and the Philippines in the US-hosted Rim of the Pacific (RIMPAC) exercise, taking part in air assault and... Read More


Indonesia's economy remains resilient amid global risks: govt

Jakarta, June 29 -- Indonesia's economic fundamentals remain resilient despite global uncertainty, supported by solid macroeconomic indicators and continued structural reforms, an official said. "Ind... Read More


Indonesia to keep Rp281 trillion in state banks to support liquidity

Jakarta, June 29 -- The Ministry of Finance has decided to maintain the placement of Rp281 trillion (approximately US$15.7 billion) in state cash funds with state-owned banks that are members of the A... Read More


Minister invites businesses to expand amid uncertainty

Jakarta, June 29 -- Coordinating Minister for Economic Affairs Airlangga Hartarto has called on businesses and investors to take advantage of the current global economic uncertainty by expanding their... Read More