Indonesia attracts 22.4 billion USD investment in Q1
Indonesia has amassed 328.9 trillion IDR (22.4 billion USD) in investment in the first quarter of this year, up 16.5% year-on-year, according to the country's Investment Minister Bahlil Lahadalia.
Indonesia's Investment Minister Bahlil Lahadalia.(Photo: ANTARA)
Jakarta (VNA) – Indonesia has amassed 328.9 tri🌄llion IDR(22.4 billion USD) in investment in thefirst quarter of this year, up 16.5% year-on-year, according to the country's Inv♏estment MinisterBahlil Lahadalia.
Despite the fact that 2023 is posing various challenges as itprecedes the 2024 general election, investors’ confidence in Indonesia is very high,Bahlil said at a recent press conference. Indonesia’s investment policy will remain consistent no matterwho will succeed President Joko Widodo, he added. Foreign direct investment (FDI) accounted for 53.8% of thetotal investment over the reviewed period, amounting to 177 trillion IDR. Basic metal, metal products, non-machinery, and its equipmentindustry took the lion’s share of investment coming to Indonesia. The industryattracted 46.7 trillion IDR in the first quarter of 2023. According to the official, Indonesia has been actively seekingFDI through negotiating with potential investors from major trading partners, recentlywith the signing of agreements with German chemical company BASF and automobilemanufacturer Volkswagen relating to electric battery production projects,adding that the groundbreaking for the 2.6 billion USD project in partnershipwith BASF will begin in the second half of this year. Indonesia targets to attract investment worth 1.400 trillion IDRthis year./.
The Indonesian government has once again delayed the implementation of the long-awaited excise tax on sweetened beverages, raising questions over its commitment to improving post COVID-19 pandemic public health.
The Indonesian government is considering imposing a tax on foreign tourists after a series of incidents in which badly behaved foreigners have violated laws or customs, local media reported.
Indonesian Finance Minister Sri Mulyani Indrawati on April 17 announced that she has met with Financial Action Task Force (FATF) President Raja Kumar to discuss Indonesia's full membership in the FATF.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Indonesia's Investment Minister Bahlil Lahadalia.(Photo: ANTARA) 
