Jakarta (ANTARA News) - Indonesia`s International Investment Position (IIP) recorded a decrease in net liability primarily due to diminished Foreign Financial Liabilities (FFL) position. At the end of the first quarter of 2018, Indonesia`s IIP recorded a net liability of US$327.9 billion, or 31.8 percent of the gross domestic product (GDP), lower than the net liability of $333.6 billion (32.9 percent of the GDP) at the end of the fourth quarter of 2017, according to a statement from Bank Indonesia (BI) received here on Saturday. Indonesia`s lower FFL position was driven by a decline in portfolio investment and direct investment liabilities. Indonesia`s FFL position decreased 0.6 percent quarter-to-quarter (qtq), or $4.0 billion, to $667.2 billion at the end of the first quarter of 2018, mainly due to a decrease in the rupiah-denominated investment instrument value, in line with a decline in the Jakarta Composite Index in the reporting period. In addition, the decrease in FFL … [Read more...] about Indonesia`s net international investment liability position decreases: BI
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Indonesia leads International Fund for Agricultural Development Committee
Jakarta (ANTARA News) - Indonesia has been elected to lead the Evaluation Committee of the International Fund for Agricultural Development (IFAD), as noted in a press statement from the Indonesian Embassy in Rome, Italy, received by ANTARA here, Friday. At the 101st session of the IFAD Evaluation Committee in Rome, Italy, Deputy Chief of Mission of the Embassy of the Republic of Indonesia, Rome, J.S. George Lantu was unanimously elected chairman of the committee for the 2018-2021 period. The Evaluation Committee is an IFAD subsidiary body that plays a vital role in supporting the IFAD Executive Board as a decision-making body for agricultural development projects and rural advancement in 176 IFAD member countries. Results of discussion and recommendations of the evaluation committee on the implementation of various IFAD funding projects, policy strategies, and financial structures become the main reference to improve its performance. Indonesia`s election as chair of the IFAD … [Read more...] about Indonesia leads International Fund for Agricultural Development Committee
Indonesia, Malaysia should jointly repel eu pressure on palm: Mahathir Mohammad
Bogor, Indonesia (ANTARA News) - Malaysian Prime Minister Mahathir Mohamad said on Friday Indonesia should join forces with his country to oppose pressure from Europe on the palm oil industry in the world's top two producers of the edible oil. Mahathir, speaking during a state visit to Indonesia, said the neighbours faced "similar problems" in the industry. "Our palm oil is threatened by Europe and we need to oppose them together," Mahathir told a joint news conference with Indonesian President Joko Widodo. The European Union is among the two countries' largest export markets for palm oil, but it has moved to curb its use to meet climate goals. Palm oil is used in a wide range of products from chocolate to shampoo and the industry has come under scrutiny in recent years as it is often blamed for causing deforestation and forest fires. "European countries used to be covered with forests but they've cut them down and nobody argues with them about it. But when we clear land they say … [Read more...] about Indonesia, Malaysia should jointly repel eu pressure on palm: Mahathir Mohammad
Moon Jae-in to meet Kim Jong-un in Indonesia
RoK's President Moon Jae-in met DPRK's leader Kim Jong-un at Panmumjom truce village on May 26th (Photo: Xinhua/VNA)"It was the Indonesian government's intention (to invite), but it has not given an official invitation," RoK’s Presidential spokesman Kim Eui-kyeom said. "If we receive an official invitation, we'll consider whether to accept it after reviewing the President's diplomatic schedule." If the two Korean leaders attend the Asian Games, they could meet for a third time after their two summits in April and May. They also plan to hold an inter-Korean basketball competition in Pyongyang in early July and another in Seoul in autumn.The Jakarta-Palembang Asian Games will be held from August 18th to September 2nd. RoK’s President Moon Jae-in visited Indonesia last November, when he unveiled Seoul’s “New Southern Policy” focused on strengthening connections with Southeast Asia./. Compiled by BTA … [Read more...] about Moon Jae-in to meet Kim Jong-un in Indonesia
Jollibee plans to open stores in UK, Malaysia, Indonesia
MANILA -- Jollibee said plans to build 500 new stores, including in new markets like the United Kingdom, Malaysia and Indonesia as part of a P12-billion spending plan, its CEO said Friday. Up to P7 billion of the total capital expenditures programmed for 2018 will be used to build new stores and renovate existing ones. The rest will be spent on commissaries, Jollibee said. Jollibee sets sights on Tim Ho Wan franchise in Asia Pacific Jollibee gets US gov't approval for Smashburger deal The peso's weakness against the dollar will boost profits of Jollibee's overseas business, even as it increases costs domestically, said Jollibee CEO Ernesto Tanmationg. "The business had shown resilience in the past and we expect it to continue to do so. We expect revenues and profit to continue to at least sustain its historical growth rates in 2018 and in the years ahead," he said. Jollibee has 4,239 stores as of May, spread in 21 territories across 12 brands. Ciao Italy: Jollibee opens first store … [Read more...] about Jollibee plans to open stores in UK, Malaysia, Indonesia