Indonesia aims to revive spice legacy

Sulaiman was quoted by local media as saying that North Maluku holds extraordinary potential to become the epicentre of spice and plantation commodity development, including nutmeg, cloves, and coconut.

Jakarta (VNA) - Indonesia has pledged to revive its historic spice legacy by designating North Maluku as a global spice hub, Indonesian Minister of Agriculture Andi Amran Sulaiman said at a coordination meeting in Ternate on October 28, outlining plans to achieve it through plantation downstreaming and industrialisation.

Sulaiman was quoted by local media as saying that North Maluku holds extraordinary potential to become the epicentre of spice and plantation commodity development, including nutmeg, cloves, and coconut.

North Maluku has immense potential as the epicentre of plantation commodities such as nutmeg, cloves, and coconut commodities that made eastern Indonesia the heart of global trade centuries ago. Through downstreaming and industrialisation, the Ministry of Agriculture is determined to restore that glory within a modern economic framework, he said.

The official emphasised that Indonesia once attracted European powers like Portugal and the Netherlands for its spices, but now aims to reclaim that legacy through innovation and value-added processing. Maluku and North Maluku must once again become the world’s spice centre, he said.

Aligned with Indonesian President Prabowo Subianto’s directive, the Indonesian Government has prepared an investment scheme worth 371 trillion IDR (21 billion USD) to strengthen downstreaming in the agricultural sector, particularly strategic plantation commodities across Indonesia.

As part of this commitment, the ministry has expanded coconut plantation support in North Maluku from 10,000 to 15,000 hectares. The initiative is part of a broader programme covering 14 strategic plantation commodities, projected to create 8.6 million jobs nationwide.

The minister underscored the importance of downstreaming spice and coconut commodities, noting that Indonesia’s current coconut export value of 24 trillion IDR could soar to 2,400 trillion IDR (150 billion USD) if processed into derivative products such as coconut milk and oil.

He also urged the rapid development of nutmeg and clove processing plants, stressing that exporting raw materials only benefits other nations./.

VNA

See more

Singapore economy remains resilient amid global uncertainties

Singapore economy remains resilient amid global uncertainties

Singapore is also pursuing a long-term economic strategy centred on AI and advanced technologies. The country aims to position itself as a trusted hub for developing, testing and deploying AI solutions at scale, while focusing on practical applications to improve productivity and create new industries.

RoK to pilot AI-driven telemedicine in Indonesia (Photo: healthcareitnews.com)

Indonesia, RoK advance AI-powered healthcare cooperation

The RoK government said it will continue exchanges with Indonesia through joint public-private seminars and discussions involving university hospitals, major technology firms and educational institutions to further develop cooperation frameworks.

Malaysia mobilises non-profit sector to address socio-economic challenges

Malaysia mobilises non-profit sector to address socio-economic challenges

Deputy Finance Minister Liew Chin Tong said Malaysia needs broader cooperation among non-profit organisations, social enterprises, and other socially driven organisations to tackle issues such as an aging population, climate risks, and concerns over employment and wages among the younger generation.

Singapore steps up AI adoption among SMEs

Singapore steps up AI adoption among SMEs

According to a joint statement by Enterprise Singapore and the Infocomm Media Development Authority (IMDA), the updated plan is expected to support more than 2,000 SME retailers in strengthening their competitiveness and resilience.

Laos and Cambodia sign an agreement to study a cross-border power grid connection under ASEAN’s regional energy integration plan on May 25, 2026. (Phot: EDL)

Laos, Cambodia advance ASEAN energy cooperation plan

By focusing on cross-border power transmission system integration between Laos and Cambodia, the project will increase capacity for clean energy exchange between the two nations and optimise energy resource management efficiently for Laos.

Cambodia urges vigilance over new SARS-CoV-2 variant

Cambodia urges vigilance over new SARS-CoV-2 variant

Cambodia's Ministry of Health has called on the public to remain vigilant and continue observing preventive measures against influenza and all forms of COVID-19, advising citizens to wear masks and wash hands frequently with soap or alcohol-based sanitiser.

Malaysia rolls out measures to support agricultural sector amid rising costs

Malaysia rolls out measures to support agricultural sector amid rising costs

To protect small business households, the Indonesian government has implemented a series of mitigation measures, including the implementation of targeted cash assistance programmes and the centralised bulk procurement of fertilisers and pesticides through government agencies to secure lower prices for farmers.

Malaysian businesses more cautious about Q2 2026 outlook

Malaysian businesses more cautious about Q2 2026 outlook

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the construction, wholesale and retail trade, and industry sectors are expecting less favourable business performance in the quarter reviewed, indicating that businesses remain cautious amid a challenging business environment and global uncertainties.

The article “Singapore and Vietnam: Strengthening Economic Cooperation in a Changing Global Environment” on Singaporean news site asiainvest.com.sg. (Photo: Screenshot)

Singaporean media highlights growing importance of Vietnam-Singapore ties

Trade ties between the two countries have also recorded strong growth in recent years. In 2025, bilateral trade reached nearly 40 billion SGD (31.3 billion USD), up 26.2% from 2024, making Vietnam Singapore’s 10th-largest trading partner globally. Notably, Singapore’s imports from Vietnam rose by more than 53% to around 13.1 billion SGD.

Indonesia develops national portal to combat financial crime

Indonesia develops national portal to combat financial crime

Dicky Kartikoyono, Chief Executive for Consumer Protection at the authority, said in a statement on May 24 that the portal will facilitate report collection, information exchange and the tracking of transactions suspected of being linked to fraud.