Indonesia to hold meeting of G20 finance ministers, central bank governors
Finance ministers and central bank governors from G20 members will gather for their first meeting this year in Jakarta from February 17-18 during Indonesia’s G20 Presidency.
Jakarta (VNA) – Finance ministers and central bank governors fromG20 members will gather for their first meeting this year in Jakarta fromFebruary 17-18 during Indonesia’s G20 Presidency.
According to Perry Warjiyo, Governor of Bank Indonesia, high-profiletopics to be discussed in this meeting will be about inflation, policynormalisation and digitalisation to help G20 members recover their economy fromthe pandemic situation.
The meeting will be held at the Jakarta Convention Centreand the Gelora Bung Karno sports stadium in central Jakarta.
It will be preceded by a meeting of finance ministry andcentral bank deputies from February 15-16.
Both of the meetings were initially scheduled to take placein Nusa Dua in Indonesia's popular resort island of Bali, but moved to Jakartaas the Indonesian authorities are sure that the capital city is much safer dueto its high COVID-19 vaccination rate.
The meetings will take place both offline and virtually,Indonesia's Finance Minister Sri Mulyani Indrawati said recently, remindingthat they be held under tight health protocols and all participants be stronglyrequired to follow the rule.
The Southeast Asia's largest economy on February 14confirmed 36,501 new COVID-19 cases, raising its tally of infections to over4.844 million./.
Indonesia targets 200-250 trillion rupiah in investment during its presidency at the 2022 G20 forum, the country’s Investment Minister and Investment Coordinating Board (BKPM) Head Bahlil Lahadalia has said.
The green economy will create 4.4 million new jobs in Indonesia in 2030, Antara news agency reported, quoting Deputy for Economic Affairs at the Indonesian Ministry of National Development Planning (Bappenas) Amalia Adininggar Widyasanti as saying at the Green Jobs Conference.
Indonesian Health Minister Budi Gunadi Sadikin has said that the country will urge the Group of 20 leading economies (G20) to establish a global body that can dispense emergency funds during a health crisis, functioning in a similar way to international financial institutions.
The Finance Ministry of Indonesia has raised its tax revenue target for 2022 to 9.3 - 9.5 percent of GDP, banking on the implementation of new tax regulations and continued economic recovery.
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.
Malaysia’s gross expenditure on R&D (GERD) reached 1.01% of gross domestic product in 2022, a notable increase, with more than 51% contributed by the industry sector. The country is targeting GERD to reach 2.5% by 2030, in line with the national goal of transforming into a high-technology nation.
The facility was established in response to a growing shift in the Filipino labour force from the Middle East to Japan, where workers are seeking safer working environments.
In the latest Indonesia-US trade agreement in July, the US administration agreed to reduce the reciprocal tariff, which was initially set at 32% by US President Donald Trump last April, to 19%.
Real estate agency ERA Singapore estimated that there are 2,703 condo developments in Singapore today, of which 836 or 31% are at least 30 years old. In 10 years, this number is expected to climb to 1,160, assuming none is sold en bloc.
The new framework is designed to ensure that incoming investments deliver tangible national benefits, such as the creation of high-quality jobs for Malaysians and the development of local company ecosystems and technologies.
Singapore led with a total of 8.8 billion USD in realised investment, followed by Hong Kong and mainland China, Malaysia, and Japan with 8 billion USD, 1.7 billion USD and 1.6 billion USD, respectively.
Thai Acting Prime Minister Phumtham Wechayachai on August 7 outlined his strategy for tackling drug problems in Thailand, aiming for a "Zero Drugs Thailand" within three months.
The US has described Malaysia's role as Chair of the Association of Southeast Asian Nations (ASEAN) as vital in helping ease tension between Thailand and Cambodia.
