The Government of Indonesia expects to boost the country’s “doing business” ranking to the 53rd place on the World Bank (WB)’s list this year in a bid to attract more investment.
Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia has promised to step down if Indonesia does not reach the top 50 in the World Bank’s Doing Business report in the next four years. (Photo: )
Jakarta (VNA) - 🌳The Government of Indonesia expects toboost the country’s “doing business” ranking to the 53rd place on the WorldBank (WB)’s list this year in a bid to attract more investment.
Indonesiahopes to reach 60th place at the lowest this year and achieve 40th placewithin the next three to four years, head of the Investment Coordinating Board(BKPM) Bahlil Lahadalia said on February 17. Indonesiaranked 73rd on the WB’s Doing Business index released in October of lastyear. Businesspeople and investors have complained about the country’sbureaucratic red tape and rigid labor regulations. The country’s rank has stagnated since 2018, while neighboursMalaysia and Thailand have fared better, at the 12th and 21st placesrespectively last year. The Indonesian Government ishoping to attract more investment to give a boost to the country’s sluggisheconomic growth. It submitted a sweeping omnibus bill on job creation to theHouse of Representatives last week and expects the bill to overhaul thecountry’s laws and cut red tape. Thegovernment also plans to streamline the issuance of all business licenses,channeling them through the BKPM alone./.
The Indonesian Government has asked law enforcement agencies to tighten border security in a bid to prevent the repatriation of citizens who left the country to join the self-claimed Islamic State (IS) in Iraq and Syria.
The Indonesian Military has found the bodies of 12 victims aboard an MI-17 army helicopter that disappeared in June last year after taking off from an airport in Papua province’s Oksibil district, the Antara News reported.
Total trade between Indonesia and New Zealand in the first half of 2025 reached 963.23 million USD, an increase of 21.56% compared to 792.39 million USD in the same period last year. Of this amount, Indonesia's exports to New Zealand totaled 374.89 million USD, while imports 588.35 million USD
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
The 2025 ASEAN Business Community Development (ABCD) Forum, themed “Empowering ASEAN's Next Leap: Digital, Sustainable & Entrepreneurial Transformation” brought together ministers, CEOs, and top industry experts to discuss key regional economic priorities.
The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia has promised to step down if Indonesia does not reach the top 50 in the World Bank’s Doing Business report in the next four years. (Photo: ) 
