Page 11 - Indonesia

VinFast Auto earmarks $200 mn for assembly units in India, Indonesia

Vietnam's electric car maker VinFast Auto on Thursday said it is planning to invest up to USD 200 million (nearly Rs 1,665 crore) to set up assembly units in India and Indonesia with production expected to commence by 2026. VinFast, a competitor of American electric carmaker Tesla, "is aiming to access the tremendous potential for increased EV adoption in India and Indonesia where EV penetration is currently only 1 per cent", the company said, citing media reports in its third quarter earnings statement. "The establishment of VinFast facilities in these local markets can provide access to government incentives for local manufacturing, relief from certain tariffs and taxes and access to raw materials at attractive rates," it said. Each CKD (completely knocked down) facility in "Indonesia and India has a planned total capacity of up to 50,000 cars per year and an estimated total capital expenditure of USD 150-200 million in phase 1", the company said, adding, "Production is expected t

Regret Indonesia's decision to ban e-commerce sales on social media: TikTok

Chinese-owned app TikTok on Thursday said it regretted the Indonesian government's decision to ban e-commerce transactions on social media platforms, particularly the impact it would have on the millions of sellers who use TikTok Shop. But TikTok Indonesia said in a statement they will respect the regulations and laws that apply in Indonesia and will take a constructive path forward. We deeply regret the government's announcement, especially how it will impact the livelihoods of the six million sellers and nearly seven million affiliate creators who use TikTok Shop, said the statement sent to The Associated Press on Thursday. Indonesia banned goods transactions on social media platforms such as TikTok in a bid to protect small businesses from e-commerce competition, accusing them of predatory pricing. Indonesia's Trade Minister Zulkifli Hasan on Monday announced the decision after a meeting with President Joko Widodo. The ban is to prevent the domination of the algorithm and preven

Major blow to TikTok, Indonesia bans e-commerce sales on social media

The move comes just three months after TikTok pledged to invest billion of dollars in Southeast Asia, mainly in Indonesia, over next few years in major push to build e-commerce platform TikTok Shop

Asiad 2023: A look at India's medal tally in 2018 Jakarta-Palembang games

India's medal tally at the Jakarta Asian Games 2018 was the best ever by the country in the history of the games. In spite of that, it was ranked 8th overall

Earthquake of magnitude 6.0 jolts east of Kotamobagu in Indonesia: NCS

An earthquake of magnitude 6.0 on Monday struck 352 km east of Kotamobagu, Sulawesi, Indonesia, the National Centre of Seismology (NCS) reported. "Earthquake of Magnitude: 6.0, Occurred on 11-09-2023, 18:21:33 IST, Lat: 1.14 & Long: 127.46, Depth: 150 Km, Location: 352km E of Kotamobagu, Sulawesi, Indonesia," the NCS said in a post on 'X' on Monday. The National Centre of Seismology has pegged the magnitude at 6.0. The quake hit at a depth of 150 km beneath the epicentre near Kotamobagu, Sulawesi, Indonesia. Further details are awaited.

LIVE: PM Modi arrives at Delhi after attending Asean-India Summit

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PM leaves for India after Jakarta visit to attend ASEAN, East Asia summits

Prime Minister Narendra Modi left for home on Thursday after wrapping up a short but fruitful and productive visit to Indonesia to attend the ASEAN-India and East Asia summits during which he reaffirmed India's strong ties with the countries in the strategically key region. The prime minister arrived in the Indonesian capital, Jakarta, in the morning. "PM @narendramodi concludes his visit to Indonesia, forging stronger partnerships with ASEAN and EAS partners," the Ministry of External Affairs posted on X. "Had a very short but fruitful Indonesia visit, where I met ASEAN and other leaders. I thank President @jokowi, the Indonesian Government and the people for their welcome," Prime Minister Modi posted on X. "The prime minister has just completed a very short but very productive visit to Jakarta to participate in the ASEAN-India Summit and the East Asia Summit," Secy (East) Saurabh Kumar said. The prime minister's participation in the summit will give India-ASEAN relations a strat

Delhi to Dili: PM Modi announces opening of Indian embassy in Timor-Leste

Dili is the capital city of Timor-Leste, or East Timor, on the country's north coast. The city holds importance as it recalls the nation's struggles for independence from Portugal as well as Indonesia

'An honour for me to co-chair..:' PM Modi at ASEAN-India Summit in Jakarta

Prime Minister Modi was given a ceremonial welcome by the Indian diaspora on his arrival in Indonesia and at the venue of the Summit, the Jakarta Convention Centre

PM Modi arrives in Indonesia to attend ASEAN-India, East Asia summits

Prime Minister Narendra Modi arrived in Indonesia on Thursday morning to attend the ASEAN-India and the East Asia summits during which he will discuss the future contours of India's partnership with the countries in the strategically important region. "PM @narendramodi lands in Jakarta," External Affairs Ministry Spokesperson Arindam Bagchi posted on social media platform X. Ahead of his departure from New Delhi, Modi said that the comprehensive strategic partnership between India and the ASEAN has injected new dynamism into the group's ties with New Delhi. In Jakarta, Modi will attend the ASEAN-India Summit and will take part in the East Asia Summit. Immediately after the meetings, he will return to Delhi, where India is hosting the G20 Summit on September 9 and 10. "Engagement with ASEAN is an important pillar of India's 'Act East' policy," Modi said in his departure statement. "I look forward to discussing with ASEAN leaders the future contours of our partnership, which has no

Jaishankar discusses East Asia, G20 summits with his Indonesian counterpart

External Affairs Minister S Jaishankar arrived here on Wednesday and met his Indonesian counterpart Retno Marsudi to discuss with her the East Asia Summit to be held in Jakarta and the G20 Summit to take place in New Delhi. Jaishankar met Marsudi soon after he arrived in the Indonesian capital to attend the ASEAN Summit-related meetings. Indonesia is hosting the 20th ASEAN-India Summit and 18th East Asia Summit in its capacity as the current Chair of the ASEAN (Association of Southeast Asian Nations). "Arrived in Jakarta to attend ASEAN Summit-related meetings. Delighted to meet my friend @Menlu_RI again. Our discussions focused on the East Asia Summit and the G20 Summit," Jaishankar posted on X, formerly known as Twitter. Prime Minister Narendra Modi will attend the 20th ASEAN-India Summit and the 18th East Asia Summit on Thursday being hosted by Indonesia as the current Chair of ASEAN. The G20 Summit is scheduled to be held in New Delhi on September 9 and 10. US President Joe B

PM Narendra Modi to visit Indonesia today for ASEAN-India Summit

The Prime Minister will be in Jakarta at the invitation of the President of Indonesia, Joko Widodo. Both the ASEAN-India Summit and the 18th East Asia Summit (EAS) will take place on Sept 7

OpenAI CEO Sam Altman becomes first person to get Indonesian 'golden visa'

The co-founder of the ChatGPT creator would enjoy priority security screening at airports, longer stay periods and easier entry and exit processes, among other perks

Holistic, unified growth the guiding principles for India says PM Modi

'Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas' the guiding principles for India heading into the G20 Summit

US President Biden to skip the Asean Summit, here's why it is a mistake

"It is a cold, calculated decision to reinforce the ongoing stress on consolidating individual allies and partners like Japan, South Korea, the Philippines and now Vietnam," says Michael Vatikiotis

Vice President Harris will face doubts and dysfunction at ASEAN summit

Vice President Kamala Harris will deepen her outreach to Southeast Asia this week at an international summit in Jakarta, Indonesia, where she'll try to erase doubts about U.S. commitment to the region stirred by President Joe Biden's absence. It's Harris' third trip to Southeast Asia and fourth to Asia overall, and she's touched down in more countries there than any other continent. The repeat visits, in addition to meetings that she's hosted in Washington, have positioned Harris as a key interlocutor for the Democratic administration as it tries to bolster a network of partnerships to counterbalance Chinese influence. This latest journey is another opportunity for Harris to burnish her foreign policy credentials as she prepares for a bruising campaign year. She's already come under attack from Republican presidential candidates who say she's unprepared to step up if Biden, the oldest U.S. president in history, can't finish a second term. John Kirby, a White House national security

PM Modi to attend ASEAN, East Asia Summit meetings in Indonesia next week

PM Modi will be in Jakarta at the invitation of the President of Indonesia, Joko Widodo

Powerful earthquakes rock Indonesia's Bali, Java islands, no casualties

A powerful earthquake and an aftershock rocked Indonesia's resort island of Bali and other parts of the country on Tuesday, causing panic but no immediate reports of damage or casualties. The US Geological Survey said the magnitude 7.1 earthquake was centred 181 kilometers northeast of Gili Air, a tiny island near the coast of Lombok Island, next to Bali, at a depth of 513.5 kilometers. Indonesia's Meteorology, Climatology and Geophysical Agency said there was no danger of a tsunami but warned of possible aftershocks. The agency put a preliminary magnitude at 7.4. Variations in early measurements are common. A 5.4 magnitude aftershock hit the same area a few minutes later just before dawn. Many residents and tourists rushed out of their homes and hotels toward higher ground after reporting powerful shockwaves, but the situation returned to normal after they received text messages saying the quake had no potential to trigger a tsunami. "I thought the walls were going to come down o

Kamla Harris to travel to Jakarta to attend US-ASEAN, East Asia Summit

In a statement, the White House said Biden and G20 partners will also discuss clean energy transition and combating climate change increasing the capacity of multilateral development banks

Emerging Asian bond investors turn cautious as rate cut wagers disappears

Market sentiment is starting to shift as rising commodity prices keep the policymakers from letting their guard down on inflation