Indonesia Financial News

PM Modi arrived in Jakarta, Indonesia, today to at... morePM Modi arrived in Jakarta, Indonesia, today to attend ASEAN-India and East Asia summits. Here are some pictures of PM Modi receiving warm welcome by the Indian community in Jakarta.

map," China has been questioned by various countries with many of them lodging protests against the nation. Japan is the latest country to join the others in rejecting Beijing's map. According to Matsuno Hirokazu, chief cabinet secretary of Japan, the map's description of the Senkaku Islands is based on Beijing's claims. Hirokazu said the islands are unquestionably an «inherent part» of Japan's territory, in terms of both history and international law, according to Japanese public broadcaster, NHK World. He said that Japan has lodged a strong protest with Beijing via diplomatic channels and has demanded an immediate retraction of the description on the map. However, a Chinese foreign ministry spokesperson dismissed the Japanese government's protest over a description of Japan's Senkaku Islands in a new map released by Beijing, according to NHK. Notably, Japan controls the islands.

Modi left for home on Thursday after wrapping up a short but fruitful and productive visit to Indonesia to attend the ASEAN-India and East Asia summits during which he reaffirmed India's strong ties with the countries in the strategically key region. The prime minister arrived in the Indonesian capital, Jakarta, in the morning. «PM @narendramodi concludes his visit to Indonesia, forging stronger partnerships with ASEAN and EAS partners,» the Ministry of External Affairs posted on X. «Had a very short but fruitful Indonesia visit, where I met ASEAN and other leaders.

G20 Summit dinner invite was sent out in the name of the 'President of Bharat' and not the customary ‘President of India’. While the Opposition said there was a possibility of a name change for India to Bharat alleging it was an “assault" on the Union of States, the ruling parties hailed the development, saying it was a move for a push from the slavery mindset – an idea promoted by PM Modi in his Independence Day speech.

Sanjeev Sanyal, Member, Economic Advisory Council-PM, says “not only in decades, but even in centuries, we are in some ways clawing back some of our heft in the world. After a very, very long time, India counts for something in the world economy. Both of these things are coming together at the time that we are hosting the G20. As a result of that, this is a real opportunity for India to help set the global agenda, to show leadership and so on.” Sanyal further says: “We are truly going through a renaissance like the Europeans went through a renaissance in the 1500s. In every field of human endeavour, suddenly Indians matter. We are even managing to throw javelins further than everybody else. Who knew that a few years ago? We are managing to land on the moon.”What is the importance of hosting the G-20 summit this year? Especially for India, this summit is happening at a scale that has never been done before but the scale at which we are attempting to integrate with the world on trade and commerce also have never been done before. Help us understand the importance of it all.First of all, it is an opportunity for India to show global leadership at a particular juncture in history for both the world and for India. So notice that we have come out of the Covid crisis, because of which the years – 2020, 2021 and 2022 – were totally disrupted. 2022 was a little bit better and the Indonesia leadership summit did work out but those three years were very disrupted.

Narendra Modi says, "This year's theme is ASEAN Matters: Epicentrum of Growth. ASEAN matters because here everyone's voice is heard & ASEAN is epicenter of growth because ASEAN plays an important role in global growth..." At the ASEAN-India Summit in Jakarta, Indonesia, Prime Minister Narendra Modi says, "Our history and geography unite India and ASEAN.

Li Qiang said on Wednesday it is important to avoid a «new Cold War» when dealing with conflicts between countries as world leaders gathered in Indonesia amid sharpening geopolitical rivalries across the Indo-Pacific region. Speaking at an annual summit involving members of the Association of Southeast Asian Nations (ASEAN) and China, Japan and South Korea, Li said countries needed to «appropriately handle differences and disputes». «At present, it is very important to oppose taking sides, bloc confrontation and a new Cold War,» Li told the meeting. ASEAN, which has warned of the danger of getting dragged into major powers' disputes, is also holding wider talks with Li, U.S. Vice President Kamala Harris and leaders of partner countries including Japan, South Korea, Australia and India. Neither U.S.

tax impact, which is actually outside. But yeah, I will, of course, welcome if there are any tax sops and stuff like that, but honestly, that’s not the big challenge. But one way or the other, we want to figure out how to come back whether we get something special or not.

SBI Remit, a subsidiary of Japanese financial conglomerate SBI Group, has partnered with SBI Ripple Asia to introduce Ripple’s XRP-enabled international remittance solution to bank accounts in the Philippines, Vietnam and Indonesia.

Jeddah-bound flight of Indonesia-based Lion Air were stranded at the international airport here for around 24 hours after a technical issue was found in the aircraft when it stopped for refuelling here on Tuesday, airport sources said. An alternative aircraft of the airline arrived from Indonesia on Wednesday afternoon to take the passengers onward to Jeddah in Saudi Arabia, the source said. The Lion Air flight — JT052 — with 212 passengers landed at the Thiruvananthapuram International airport at 3 pm on Tuesday for refuelling and that is when the technical issue was spotted.

Japanese financial holding company SBI Group has announced that its international remittance services arm, SBI Remit, has partnered with Ripple and SBI Ripple Asia to offer an XRP (XRP) remittance service to bank accounts in several Southeast Asian countries.

G20 Summit as he leaves for Jakarta on Wednesday evening to take part in the ASEAN-India Summit and East Asia Summit. The Prime Minister chaired a meeting of the Council of Ministers as well as a cabinet meeting earlier on Wednesday. He will hold back-to-back meetings till 7:30 pm, government sources said. They said the Prime Minister will emplane for Indonesia at 8 pm, spend around 7 hours on the flight and reach Jakarta at 3 am IST on September 7. He will leave for the venue of the ASEAN-India Summit at 7 am.

Premier Li Qiang will be representing China during the G20 meet set to be held between 9-10 September in national capital Delhi. Further, Russia's President Vladimir Putin has also decided to skip the G20 Summit meet in Delhi.

G20 Summit and it's ready to work with all parties to push for the success of the high-profile global conference in New Delhi this week. At the G20 summit, the spokesperson said China always attaches high importance to the grouping and actively participates in relevant activities. "We support India in hosting this year’s summit and stand ready to work with all parties to make the G20 Summit a success," she said at the conference to be held in New Delhi on September 9-10.

ASEAN Summit in Jakarta will be extremely critical for all stakeholders particularly ASEAN members to drive home point on ASEAN solidarity amid major geo-political upheavals including in SE Asia and Indo-Pacific region. It is imperative for the ASEAN leaders under Indonesia’s presidency to reiterate ASEAN solidarity on key challenges including in the South China Sea region. The ASEAN should be united on matters of Code of Conduct negotiations with China.

Narendra Modi will also embark on his visit to Indonesia on Wednesday to attend the summits tomorrow. The forthcoming ASEAN-India Summit will be the first Summit since the elevation of ties between India and the Association of South East Asian Nations bloc of countries to a Comprehensive Strategic Partnership in 2022.

trade pacts with certain G20 countries and diversifying exports to regions like Brazil and Mexico could help India boost outbound shipments and manufacturing in the years to come, Chairman, CII national committee on EXIM, Sanjay Budhia, said on Wednesday. He said that tapping into opportunities in G20 countries is crucial for India's economic growth and global influence. India should diversify its export markets within the G20 countries, Budhia, who is also Managing Director of Patton Group, said. He added that while traditional partners like the United States and the European Union remain important, exploring emerging markets within the G20, such as Brazil, South Africa, Indonesia, and Mexico, can open up new avenues for Indian goods and services. «Negotiating and implementing trade agreements and bilateral deals with G20 member countries may be helpful to tap potential between India and G20 countries.

Narendra Modi is set to embark on a significant diplomatic visit to Indonesia this Wednesday evening. The visit, a tight 24-hour trip, culminates in his return to New Delhi on September 7 evening. The excursion to Jakarta is at the invitation of Indonesian President Joko Widodo and it comes as a precursor to India's hosting of the G20 Summit on September 9-10.

‘Prime Minister of Bharat’: Sambit Patra shares invitation of PM Modi's Indonesia visit amid India's name change rumour Notably, the issues that will be raised by the INDIA bloc in the Parliament session were also finalized in the meeting and CCP chairperson Sonia Gandhi will convey them to the government in a letter. The five-day session of Parliament was announced by Union Parliamentary Affairs Minister Pralhad Joshi last week.

Alliance (NDA) in the upcoming Lok Sabha election, got into a huddle and attacked the government, a government booklet on Prime Minister Narendra Modi’s visit to Indonesia for the 20th ASEAN-India Summit referred to him as ‘Prime Minister of Bharat’. Between the allegations and attacks, Union Minister Anurag Thakur told The Indian Express that these were just rumours but this “clearly shows their mindset" towards the name ‘Bharat’ and how they are against ‘Bharat’. “I think these are just rumours which are taking place.

special session of Parliament beginning September 18. Opposition leaders, including Congress general secretary Jairam Ramesh, who first highlighted the development, accused the government of assaulting the idea of the country being a "Union of States", as mentioned in the Constitution which describes the country as "India, that is Bharat".