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Economic

Indonesia`s Emerging Market in Southeast Asia

Chinese Foreign Minister Wang Yi said Indonesia is a big country and an important emerging market in Southeast Asia. The Chinese foreign minister made this remark after accompanying Chinese President Xi Jinping to pay state visits to Indonesia and Malaysia and attend the Asia-Pacific Economic Cooperation (APEC) in Bali this week. President Xi Jinping, Foreign Minister Wang Yi and their ... Read More »

Indonesia Economy Stable Until 2018: OECD

Indonesia economy remains...

A recent report by the Organization for Economic Co-operation and Development (OECD) says Indonesia’s economic will grow on average 6 percent annually during 2014-2018, making it the country with the highest economic growth. In the report, the OECD said Indonesia’s economic growth would be one of the highest in that period, exceeding the Philippines, which is estimated to reach 5.8 ... Read More »

Raja Ampat Festival 2013

New Tool to Keep Indonesia...

The unspoilt splendors of Raja Ampat will be presented to the world through the Raja Ampat Festival 2013 scheduled to be held on Waisai Beach from 18th to 21st October 2013. Entering its fourth edition this year, the festival continues to be an essential program of the district government of Raja Ampat aimed to promote this fascinating underwater paradise, pristine natural environment, enchanting cultural traditions, ... Read More »

APEC, Engine of Global Growth, Closes in Bali with 7 Strategic Commitments

APEC 2013-2110

At the conclusion of the 21st APEC Economic Leaders Meeting held in Bali from 7 to 8th October 2013, that included 21 heads of state and 4 observer countries, Indonesia’s President Yudhoyono, Chair of the Summit Retreat emerged around noon on Tuesday, 8 October, and informed the press that discussions among leaders proceeded smoothly and productively. APEC leaders deliberations centered ... Read More »

Bali’s “Tri Hita Karana” Life Philosophy Recommended for APEC Sustainable Economic Development

APEC 2013-2110

Addressing the International Conference on Sustainable Development 2013 (ICSD 2013) with Special Focus on Tourism, held in Bali during APEC 2013, Indonesia’s President Susilo Bambang Yudhoyono suggested that APEC adopt the Balinese Philosophy of “Tri Hita Karana” to achieve Sustainable and equitable Economic Development, one of the three main pillars for Development in APEC. “Tri Hita Karana” is the Balinese philosophy that underpins the three relationships ... Read More »

APEC 2013: When the World Turns to Bali, Indonesia

APEC 2013-2110

Chosen as venue for the 8Th APEC Summit 2013, the fabled island of Bali is today filled with top leaders of the world who arrived here almost simultaneously. Among these are 21 member country leaders, 4 observer countries’ leaders, and thousands of business and media delegates. The event attracted the attention of the media, among which 70 percent are international media. Although ... Read More »

Record August Arrivals surges 21.5%: Indonesia optimistic attain 8.6 Million tourist target

The month of August 2013 proved a record month for tourist arrivals to Indonesia, up 21.57% compared to the same month last year. This comes at the heels of a lacklustre July which this year coincided with the month of Ramadhan fasting month. Indeed, visitors from the Middle East surged three fold increasing 235.7%, and the number of tourists from ... Read More »

APEC Leaders Week 2013 opens in Bali: Connectivity high on the Agenda

Leaders and Ministers of 21 Pacific-Rim economies will gather this week in Bali intent on revitalizing trade to keep the global economy on a path to recovery, create jobs and move the region towards more balanced and sustainable long-term growth. Ahead of the Summit, on Tuesday, 1 October, Senior Officials related to Travel and Tourism met to discuss Connectivity among APEC members. ... Read More »

Indonesiaa and China agree to promote cooperation for comprehensive strategic partnership

Indonesia and China have agreed to upgrade their bilateral cooperation to the level of a comprehensive strategic partnership in various fields. “We have once again made history by agreeing to forge a comprehensive strategic partnership. I believe that under the leadership of President Xi Jinping, we will be able to improve our bilateral cooperation in the future,” President Susilo Bambang ... Read More »

Indonesia and EU Sign Agreement to fight illegal logging

Indonesia and the European Union (EU) signed the Forest Law Enforcement, Governance and Trade-Voluntary Partnership Agreements (FLEGT-VPA) in Brussels, Belgium, on Monday. The agreement was signed by Indonesian Forestry Minister Zulkifli Hasan, EU`s Environment Commissioner Janez Potocnik and EU President Valentinas Mazuronis, who is currently the Environmental Affairs Minister of Lithuania. The agreement aims to ensure that all Indonesian timber ... Read More »