Page 13 - Indonesia

Digital lending firm Lentra enters Indonesia, Philippines, Vietnam

Company aims to reach $100 mn in annual recurring revenue by March 2024 in South East Asia nations

Indonesian govt promises move to clean energy, but challenges remain

In Indonesia's region of East Kalimantan, the country's dependence on coal is on full display. Driving on the region's toll road, passersby can watch excavators digging coal from shallow pits as trucks filled with the carbon-rich rocks rush by. Under a bridge in Samarinda, the region's capital, hundreds of mammoth, jet-black mountains of coal sit in barges being pulled along the waterway, headed to plants across Indonesia or other countries. They're sights that Indonesia has pledged to phase out or at least drastically reduce by agreeing to some five schemes with international stakeholders, including the largest-signed USD 20 billion Just Energy Transition Partnership deal. While the deals aim to turn one of the largest coal-producing countries toward its vast greener energy sources, experts warn that financial, policy, infrastructure and other challenges need to be overcome. Indonesia's energy transition is "very unique" because of high economic growth, geography, population ...

Govt coping with Indonesia's restrictions on palm oil exports: Officials

Last week, Indonesia said it will suspend some palm oil export permits to secure domestic supply as cooking oil prices rise ahead of upcoming Islamic festival Ramadan

6.0-magnitude earthquake jolts off central Indonesia's North Sulawesi

A 6.0-magnitude earthquake hit off Indonesia's North Sulawesi province on Saturday, but did not cause any damage or casualties, disaster agency officials and weather agency said

World's next debt disaster seen brewing in Indonesia's builder binge

The struggles are already reminding some analysts and investors of the high-profile debt debacles in China and South Korea last year, which were centered on the nations' developers

Sugar exports at 2.7 mn tonnes in FY23 so far; Bangladesh top market: AISTA

India has exported 27.83 lakh tonnes of sugar till February 9 of the ongoing 2022-23 marketing year, with Bangladesh and Indonesia being the top markets, trade body AISTA said on Thursday. Among other nations, India has exported 2.47 lakh tonnes of the sweetener to Djibouti, 2.46 lakh tonnes to Somalia and 2.06 lakh tonnes to the UAE during October-February 9 of the current marketing year, the All India Sugar Trade Association (AISTA) said in a statement. The sugar marketing year runs from October to September. The government has allowed export of 60 lakh tonnes till May of the 2022-23 marketing year. According to AISTA, mills have exported a total of 27,83,536 tonnes of sugar from October 1, 2022 to February 9 this year. About 4.24 lakh tonne is under loading, while 3.79 lakh tonne of sugar has been delivered to refineries, considered to be deemed export in the said period, it added. Sugar exports from India, the world's major sugar producing nation, stood at 112 lakh tonnes in t

Earthquake hits Indonesia, killing 4 people as restaurant collapses

A shallow earthquake shook Indonesia's easternmost province of Papua on Thursday, killing four people who were unable to escape when a floating restaurant collapsed into the sea. The US Geological Survey said the magnitude 5.1 earthquake hit residential areas in Jayapura, near Papua's northern coast and was centred at a depth of 22 kilometres (13 miles). Shallow quakes often cause more damage on the Earth's surface. The residents were really panicked. I was in a car, and I felt like the car's wheels were lifted up, said Tri Asih, a resident of Jayapura, Papua's capital. Officials said four people who were inside a floating restaurant died when the quake caused it to collapse into the sea. The bodies of the four victims have been recovered," National Disaster Mitigation Agency spokesperson Abdul Muhari said at a news conference. "The victims were trapped under the rubble of the cafe and covered by the roof. Rescue divers were searching the area around the cafeteria for possible ...

Indonesia president warns regulator to boost supervision after Adani rout

Widodo pointed to the depreciation of the rupee and capital outflows from India after the meltdown in stock market values of Adani Group companies

ASEAN foreign ministers to meet in Indonesia under shadow of Myanmar crisis

Southeast Asian foreign ministers are meeting in Indonesia's capital Friday for talks bound to be dominated by the deteriorating situation in Myanmar despite an agenda focused on food and energy security and cooperation in finance and health. Myanmar belongs to the 10-member Association of Southeast Asian Nations, but the annual ministers' retreat is being held in Jakarta without Myanmar's Foreign Minister Wunna Maung Lwin. The absence was forced by the fallout over Myanmar's lack of cooperation in implementing a five-step agreement made in 2021 between ASEAN leaders and Myanmar's military leader, Senior Gen. Min Aung Hlaing. In the agreement, Myanmar's military leaders promised to allow a special ASEAN envoy to meet the ousted and jailed leader Aung San Suu Kyi and others to foster dialogue aimed at easing the crisis. Last year, when ASEAN was chaired by Cambodia, Min Aung Hlaing was not invited to the November meeting of ASEAN leaders in Phnom Penh after Myanmar declined to let a

3-metre-high flood destroys dozens of homes in Indonesia, 1 killed

One person died after floods 80 to 300 cm high destroyed dozens of homes in Indonesia's North Sulawesi on Friday

Earthquake of magnitude 5.5 hits 162 km northwest of Tobelo, Indonesia

A 6.2-magnitude earthquake jolted the coast of Indonesia in the early hours on January 16

7.0 magnitude earthquake shakes east Indonesia, no tsunami warning issued

Indonesia, a vast archipelago and a home of more than 270 million people, is frequently hit by earthquakes and volcanic eruptions because of its location on the Ring of Fire

Deep 6.1 earthquake shakes eastern parts of Indonesia, no damage reported

A deep earthquake shook eastern parts of Indonesia on Wednesday, but no serious damage or injuries were reported

Strong undersea earthquake shakes western Indonesia, no tsunami alert

The magnitude 6.0 earthquake was centred 48 kilometers (30 miles) southeast of Singkil, a coastal district in Aceh province at a depth of 48 kilometers (30 miles)

Earthquake of 7.5-magnitude destroys more than 100 houses in Indonesia

More than 100 houses and other buildings were destroyed after a 7.5-magnitude earthquake struck Indonesia's eastern province of Maluku, an official and weather agency said

7.6 quake damages buildings in Indonesia, tremors felt in Australia

A powerful deep-sea earthquake damaged village buildings in eastern Indonesia early Tuesday, and its substantial shaking was widely felt in northern Australia. Indonesia's Meteorology, Climatology, and Geophysical Agency issued a tsunami warning after the magnitude 7.6 temblor that was lifted three hours later. Based on four tide gauge observations around the center of the earthquake, it did not show any significant anomaly or change in sea level, agency head Dwikorita Karnawati said. Tremors were felt in several regions, including Papua and East Nusa Tenggara provinces. The National Disaster Mitigation agency received visual reports of damage to houses and community buildings in Watuwey village in Southwest Maluku. The U.S. Geological Survey said the quake's epicenter was at a depth of 105 kilometers (65 miles) not far from Australia's northern tip. Deeper quakes tend to cause less surface damage than shallow shaking but are more widely felt. More than 1,000 people in northern

Malaysia pledges to invest in development of Indonesia's new capital

Malaysian Prime Minister Anwar Ibrahim said on Monday his country would invest in the development of Indonesia's new capital on Borneo island, which both nations share. Anwar made his first overseas trip to Jakarta since taking office in November, saying at least 10 Malaysian companies have committed to invest in Nusantara, the new capital that was chosen in 2019 to replace Jakarta, some 2,000 kilometres (1,240 miles) away. The city of about 10 million on the densely populated main island of Java has been sinking due to environmental degradation and overcrowding. The main cause is uncontrolled groundwater extraction exacerbated by the rising levels of the Java Sea. Anwar cited the proximity of Nusantara to Malaysia's Sabah and Sarawak states and federal territories on Borneo island, saying the new capital's growth will benefit the region's economy. The first phase of development of Nusantara started in March last year, and is expected to be completed in 2045. Anwar and Indonesian

UN agency seeks information on origin of Rohingya refugees in Indonesia

A United Nations agency is seeking information about the voyage of over 100 Rohingya Muslim refugees who landed on an Indonesian beach this week, and warned Tuesday that there will likely be more. A distressing video circulated widely in social media showed the dehydrated and exhausted Rohingya, crumpled weakly and emaciated, many crying for help. At least 185 men, women and children disembarked from a rickety wooden boat Monday at dusk on Ujong Pie beach at Muara Tiga, a coastal village in Aceh's Pidie district, said local police chief Fauzi, who goes by a single name. They are very weak because of dehydration and exhaustion after weeks at sea, Fauzi said. Muhammad Rafki Syukri, the Protection Associate at United Nations High Commissioner for Refugees, said the agency would provide Rohingya language translators and counselling to determine if they were from the group of 190 Rohingya who were reported by United Nations to be drifting in a small boat in the Andaman Sea for a ...

Indonesia starts implementation of Second-Home Visa to attract investors

Indonesia's Second-Home Visa allowing foreigners to stay in the Southeast Asian country for either five or 10 years began to take effect

Indonesia to produce nearly 700 mn ton of coal in 2023 to fulfill supply

Indonesia has targeted to raise its coal production to 694 million ton to fulfill domestic supply and export demands, the country's Ministry of Energy and Mineral Resources announced