Indonesia Financial News

Indian stock market has outperformed major markets in the world on a three-year, five-year and 10-year basis. The Nifty large cap index has delivered a 10.9 per cent annualized return over the past 10 years, compared to 6 per cent of the US index and 2.7 per cent of China's market, according to a report by ASK Investment Managers. In the last five years, Indian markets delivered 18.8 per cent annualized return, compared to 6.9 per cent of US, 12.1 per cent of Japan index, and 7.6 per cent of US index.

Canada’s status within the Indo-Pacific region is set to get a boost as the Association of Southeast Asian Nations prepares to make Ottawa its latest strategic partner when Prime Minister Justin Trudeau visits Indonesia.

ASEAN Summit in Indonesia and G20 Summit in India this month, chief cabinet secretary Hirokazu Matsuno told reporters on Tuesday as reported by Reuters. 3. In another news, the Japanese PM Fumio Kishida also announced that a 20.7 billion yen ($141 million) emergency fund to help exporters hit by China's ban on Japanese seafood over the release of treated radioactive wastewater from the damaged Fukushima nuclear power plant.

OpenAI, a pioneering firm in artificial intelligence. The Indonesian immigration authority issued a 10-year visa to Altman, acknowledging his global renown and potential contributions to the nation. Indonesia's Immigration Director General has said that Altman "has an international reputation and may bring benefits to Indonesia", Bloomberg reported.

G20 Summit, scheduled to commence in India's capital, New Delhi, on September 9. This marks the first occasion that India plays host to this formidable assembly of global leaders.

Group of 20 (G20) major economies will start a summit in India's capital on Saturday to try to find solutions to some of the world's pressing problems amid a deep geopolitical divide over the war in Ukraine that threatens any progress.Here is a look at who is attending, who is not and who might be:U.S. PRESIDENT JOE BIDEN Biden has confirmed his attendance.

G20 Summit, External Affairs Minister S Jaishankar on Monday said the focus should be on the position taken by countries on key burning issues than on the levels of representations at the conclave. «At the end of the day, countries are represented by whoever they have chosen to represent them.

NEW DELHI : India’s National Investment and Infrastructure Fund Ltd (NIIF) and private equity firm Actis Llp are among four contenders vying to acquire Macquarie Asset Management’s Green Investment Group platform Vibrant Energy, two people aware of the development said. Vibrant Energy has a 1.5-gigawatt (GW) portfolio in the commercial and industrial (C&I) sector. JP Morgan is managing the transaction with four bidders being shortlisted from among the non-binding offers submitted for the deal valued at around $250 million.

NEW DELHI (Reuters) — Leaders of the world's richest and most powerful countries will attend the two-day G20 Summit in India's capital New Delhi starting September 9.

By Martin Quin Pollard, Laurie Chen and Liz Lee

greenhouse gases. With Western electric-car makers such as Tesla keen to tout the green credentials of their products, that is a big concern. The more fundamental problem is that much of Indonesia’s saprolite has already been dug up and exported, mostly to China.

G20 Sherpa Amitabh Kant has underscored the «unique Indian narrative,» India has set during its presidency of the G20 Summit, saying India «truly emerged as the voice of the Global South». In a short video message, shared on X, by the official handle of India's G20 Presidency, Kant said, «So India has built a unique Indian narrative during its G20 presidency.» «India has truly emerged as the voice of the Global South during its G20 presidency and this is the first time that four emerging markets, one after another Indonesia, India, Brazil, and South Africa will hold the G20 presidency and therefore it gives a very massive opportunity to bring all the critical issues of developing countries centre stage, as India has done, and carry them vigorously forward for implementation,» said Kant in the short video message. In the video, India's G20 Sherpa highlighted the issues India focused on during its presidency of the summit like digital public infrastructure, principles of lifestyle for sustainability, traditional medicine, millets, global biofuel and many more. He also mentioned how India, in contrast to other countries, has organised different meetings of the G20 Summit in different states and cities. However, according to Kant, one of the biggest achievements of India's presidency was its focus on women empowerment and gender equality. Kant said that among India's most critical ones was its focus on digital public infrastructure. «Then there's been a lot of focus on traditional medicine.

India's edible oil imports in August rose 5% to a record 1.85 million metric tons as refiners purchased more than 1 million tons of palm oil for the second consecutive month to build stocks for upcoming festivals, four dealers told Reuters. Higher purchases by the world's biggest importer of vegetable oils could help to lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. The buying has helped strengthen soybean oil futures and could reduce inventories in sunflower oil-producing Black Sea countries. India's average monthly edible oil imports in the 2021/22 marketing year were 1.17 million tons, trade body Solvent Extractors' Association of India (SEA) said.

Narendra Modi is expected to focus on safeguarding territorial integrity and freedom of navigation in the Indo-Pacific region during his September 6-7 Jakarta visit for the Asean Summit and East Asia Summit (EAS), in the backdrop of China's 'new standard map'. Besides India, several Southeast Asian nations, including Malaysia, Philippines, Vietnam and Indonesia, have protested China's new map which focuses on the South China Sea region, Arunachal Pradesh and Aksai Chin. India had lodged a strong protest with China. The PM is expected to send a message that territorial integrity of Indo-Pacific states must be safeguarded and pitch for inclusive nature of India's Indo-Pacific policy amid China's aggressive designs in the region, said people aware of the matter. India's steadfast commitment to freedom of navigation through the South China Sea region, where tensions have been building up, will also be in focus, said the people. The PM will also highlight India's agenda for the global south, with the Asean Summit taking place on the eve of G20 Summit in New Delhi. In June, the PM had addressed a gathering at the G20 development ministers' meeting in Varanasi and stated that «development is a core issue for the global south». «The countries of the global south were at the receiving end of the Covid pandemic.

Indonesia has introduced a golden visa scheme. It has taken this step to boost its national economy, a statement from the ministry of law and human rights said. «The golden visa is granting a residence permit for an extended period of five to 10 years,» director general of immigration, Silmy Karim said in the statement. To be eligible for the five-year visa, an individual needs to set up a company worth $2.5 million. If you want a 10-year visa, an investment of $5 million would be required. Corporate investors are required to invest $25 million to get five-year visas for directors and commissioners. They need to invest double, or $50 million, to gain a 10 year visa. If you do not want to invest and still be eligible for the golden visa, you can purchase the Indonesian government bond ranging from $350,000 to $700,000.

Narendra Modi will visit Indonesia's capital Jakarta on September 6 and 7 to attend the ASEAN-India and East Asia summits, said the Ministry of External Affairs in an official statement on Saturday. Shoring up India's trade and security ties with the 10-nation Association of Southeast Asian Nations (ASEAN) is likely to be the focus of Modi's engagement with leaders of the bloc, according to PTI reports.

Meghalaya has adopted Artificial Intelligence enabled robotic technology to keep it's beautiful tourist hotspot Umiam lake clean, as the lake at an altitude of about 4,900 feet is also a major hub for water sports and boating in hill town Shillong. The AI-integrated robotic boat is able to collect huge quantities of garbage in reasonable time from Umiam Lake, that was formed when a dam was built over the Umiam river in the early sixties as part of a hydel power project. Under the Meghalaya government's Smart Village initiative, the AI- enabled robotic boat was recently deployed in collaboration with a global non-profit organisation called Smart Village Movement (SVM), and Hong Kong-based technology firm Clearbot after a week-long demonstration.Tulenam Laloo, Fellow at the Haas School of Business, UC Berkeley, and Director of Operations for the initiative in Meghalaya, highlighted that «this technology was first tested in Bali (Indonesia) and tried to transfer such capabilities to Meghalaya, a growing tourist destination today, to solve waste collection in a famous. »Such models will create standard processes to handle waste in a timely manner making operations more efficient than conventional ones.

G20 Summit 2023. For the first time in history, India has become the host the the Group of 20 Nations (popularly known as G20).

G20 Summit, Northern Railways has decided to cancel and divert over 200 passenger trains temporarily from September 8 to 11 here, a notification stated on Saturday. According to the schedule, over 90 trains have been cancelled on September 9. More than 100 passenger trains will be cancelled on September 10 as well.

External Affairs Ministry said on Saturday.PM Modi will be in Jakarta at the invitation of the President of Indonesia, Joko Widodo. The Prime Minister's visit to Indonesia comes ahead of the G20 Summit to be held in New Delhi on September 9-10 under India's Presidency this year. Indonesia is part of the G20 'troika' as it had the presidency of the grouping last year. 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. The foreign ministry said that the the Summit will review the progress of India-ASEAN relations and chart the future direction of cooperation. According to a statement, the East Asia Summit would provide an opportunity for leaders of ASEAN countries and its eight dialogue partners, including India, to exchange views on issues of regional and global significance. In August, ASEAN-India Economic Ministers met in Indonesia and the main agenda of this year's meeting was the timely review of the ASEAN-India Trade in Goods Agreement (AITIGA) which was signed in 2009. A joint committee agreed to a regular, quarterly schedule of negotiations, which would conclude the review of the ASEAN-India FTA in 2025. In 2018, Prime Minister Narendra Modi visited Jakarta at the invitation of Indonesian President Widodo.

RBI) Governor Shaktikanta Das has been rated ‘A+’ in the Global Finance Central Banker Report Cards 2023, the central bank said on Friday. Taking to X (former Twitter), RBI said," We are happy to announce that Governor Shaktikanta Das has been rated “A " in the Global Finance Central Banker Report Cards 2023.