A farmer plows rice fields using two buffaloes on agricultural land near a rest area of the Bawean-Salatiga toll road in Central Java on Nov. 2, 2020. Ahead of the rainy season, farmers have begun preparing for the next crop of rice. - JP
JAKARTA (The Jakarta Post/ANN): Business owner-turned-farmer Ijon Purba, 33, closed his small coffee shop in Medan, North Sumatra, early last year to plow the earth of his hometown, Liang Pematang village, in neighbouring Deli Serdang regency, amid the pandemic.
Medan’s mobility restrictions prevented customers from visiting his one-year-old shop, forcing him back to his village, where he has been farming coffee beans and shallots on less than half a hectare of land to make ends meet for his family.
The race to invest in Indonesia
Sovereign wealth fund set up to finance infrastructure and spread development across the archipelago.
published : 22 Feb 2021 at 12:30
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Indonesia is seeking to spur much-needed investment in infrastructure projects to revive its pandemic-battered economy with the launch of a sovereign wealth fund.
The government got the ball rolling last week with a pledge to inject up to US$5.3 billion in initial capital between now and the end of the year.
Some of the priority projects include the construction of toll roads, airports and seaports, which could open more access to less-developed regions, especially on the eastern part of the archipelago. This would help spread development more evenly instead of having it concentrated on the main island of Java on the western part of the archipelago.
JAKARTA: Indonesia has again logged a trade surplus in a trend that began in May last year as commodity prices have picked up while the Covid-19 pandemic has battered demand for imported goods.
According to data published by Statistics Indonesia (BPS) on Monday, Indonesia booked a surplus of US$1.96bil in January. While the surplus is the lowest since June, with both exports and imports down from the previous month, the figure marks a stark contrast to a trade deficit of US$640mil registered in January last year.
Exports fell to US$15.30bil in January, down 7.48% from US$16.54bil in December 2020, which was the highest figure since 2013. Despite the monthly drop, exports in January are up 12.24% from the same month last year as major trading partners like China have re-emerged from the pandemic.
Indonesia trying to steer clear of Chinese investment shanghaisun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaisun.com Daily Mail and Mail on Sunday newspapers.
Indonesia trying to steer clear of Chinese investment in USD 20 billion wealth fund: Report ANI | Updated: Feb 11, 2021 14:41 IST
Beijing [China], February 11 (ANI): China s absence from the list of potential investors in Indonesia s sovereign wealth fund has raised suspicions that Jakarta is trying to steer clear of investments from the world s second-largest economy, South China Morning Post reported citing Kevin O Rourke, author of the Indonesia-focused newsletter Reformasi.
Indonesia is on track to launch its own sovereign wealth fund after appointing an advisory board and getting investment commitments from 50 fund management entities. The SCMP reported that China is absent from the list of potential investors.