• Indonesia as ASEAN's Low Cost Green Car Production Base Meets Opposition

    With the development of a production hub for low cost green cars (LCGCs), Indonesia hopes to become the leading car producer within the group of ASEAN nations. Total car sales in ASEAN in 2012 surpassed the three million cars mark. The two largest contributors to these sales were Thailand (1.3 million sold cars) and Indonesia (1.1 million). Currently, Thailand is still the largest car production hub in the ASEAN region, both in terms of production rate and domestic sales (despite having only 60 million citizens to Indonesia's 240 million).

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  • Official Joint Ministerial Statement of 2013 APEC Finance Ministers’ Meeting

    Finance Ministers of the Asia-Pacific Economic Cooperation (APEC) economies convened its 20th annual meeting in Nusa Dua, Bali, Indonesia, on 19 and 20 September 2013 under the Chairmanship of Dr. Muhamad Chatib Basri, Indonesia's Finance Minister. The meeting was attended by various delegates, including the President of the Asian Development Bank (ADB), the Managing Director of the World Bank Group, and the Deputy Managing Director of the International Monetary Fund (IMF).

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  • Indonesia Becomes Home to APEC's Public Private Partnership Pilot Project

    Member countries of the Asia-Pacific Economic Cooperation (APEC) agreed to form a public-private partnership (PPP) center in order to enhance capacity of the APEC member countries to develop bankable PPP projects. It has been decided by the participating countries that Indonesia will become home to the pilot project. This decision was one of the results of the 2013 APEC Finance Ministers' Meeting (AFMM), which ended on 20 September 2013 in Nusa Dua on the island of Bali.

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  • Growth of Indonesia's Foreign Debt Slows Down Conform Economic Trend

    Growth of Indonesia's foreign debt has slowed down in July 2013 according to data from Indonesia's central bank (Bank Indonesia). Total foreign debt in July 2013 stood at USD $259.54 billion, a 7.3 percent increase compared to the same month in 2012. In June 2013, the year on year growth had been 8 percent. Bank Indonesia stated that it considers Indonesia's current foreign debt situation - both in the private and public sector - as healthy. Growth has slowed down as a consequence of the slowing national economy.

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