
Indonesia aims to boost daily oil output to 1 million barrels
Currently, Indonesia's daily oil consumption stands at 1.6 million barrels and it sets an ambitious target of achieving 1 million barrels of oil per day by 2029 or 2030.
Currently, Indonesia's daily oil consumption stands at 1.6 million barrels and it sets an ambitious target of achieving 1 million barrels of oil per day by 2029 or 2030.
The plan to provide rice aid for Palestine is partly supported by Indonesia’s success in securing more than 4 million tonnes of rice reserves, the highest amount recorded in 57 years.
These two agreements are expected to broaden and improve market access for Indonesian products in both Europe and the Eurasian region, while enhancing the nation’s competitiveness globally.
The stimulus is strategically timed to coincide with the June–July school holiday season, aiming to boost consumption and economic growth.
The subsidy will be distributed over a two-month period to help sustain public purchasing power amid global economic headwinds and in anticipation of increased household spending during the school holiday season.
OIKN Secretary Bimo Adi Nursanthyasto stated that this area encompasses palaces, as well as the headquarters of coordinating ministries and the State Secretariat Ministry.
The Indonesian government has formulated several initiatives to mitigate the adverse effects of the 32% tariff on Indonesian exports, including the establishment of a task force dedicated to addressing layoff-related issues.
Indonesia's Coordinating Minister for Political and Security Affairs Budi Gunawan announced that the Indonesian Government has successfully recovered 6.7 trillion IDR (401 million USD) in state funds by exposing corruption cases.
The Ministry of Housing and Settlement in collaboration with the National Disaster Mitigation Agency (BNPB) will provide 5,000 housing units in disaster-prone areas across several regions.
Indonesia's Ministry of Micro, Small, and Medium Enterprises (MSMEs) is seeking to strengthen financing for MSMEs in the agriculture and fishery sectors to support food self-sufficiency.
The Indonesian Government has set a target of eliminating extreme poverty in the country within two years, according to Coordinating Minister for Community Empowerment Abdul Muhaimin Iskandar.
Indonesia’s rice production is projected to reach 32 million tonnes in 2025, marking a 3% increase over the estimated 31 million tonnes for this year, according to the country's Coordinating Minister for Food Affairs Zulkifli Hasan.
Indonesia is prioritising efforts to enhance integrated water resource management (IWRM) in numerous small islands, an official said on October 17.
Prabowo Subianto was sworn in as the eighth President of Indonesia, and Gibran Rakabuming Raka as Vice President at a ceremony held at the Nusantara Building in the Senayan legislative complex in Jakarta on October 20.
Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia has emphasised the need to develop domestic gas networks to reduce reliance on imported liquefied petroleum gas (LPG) and strengthen energy sovereignty.
The Indonesian Government is aiming to expand exports to the Republic of Korea (RoK) through the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA), which has been in effect for the past year.
The Indonesian Government has decided to launch some incentives for the middle class to promote their contributions to the national economy.
Indonesia, one of the world's largest durian producers and exporters, plans to conduct further research on this fruit varieties and expand plantations in order to raise durian exports to China to 8 billion USD.