Indonesia calls on ASEAN central banks to join hands to boost economy
Indonesia’s central bank governor Perry Warjiyo has called on bank governors of ASEAN member states to further boost collaboration to maintain regional economic growth.
Bank Indonesia governor Perry Warjiyo (Photo:thestar.com)
Jakarta (VNA) – Indonesia’s central bankgovernor Perry Warjiyo has called on bank governors of ASEAN member states tofurther boost collaboration to maintain regional economi🌌c growth.
Speaking at a high-level seminar in Bali as part of the first Meeting of the ASEAN Finance Ministers and Central BankGovernors, which was taking place from March 28 to 31 in Indonesia, the governor revealed that his ASEAN counterparts have regularly held talks on policy collaboration to support economicdevelopment. Besides, finance ministers in the bloc and deputy bank governorsof ASEAN central banks have also maintained a close communication channel to developpolicies and exchange the latest information on regional and global economic issues. Perry emphasised that ASEAN is one of the regionswhich has the ability to withstand global economic uncertainties and become theworld’s growth centre. In 2022, the bloc’s economic growth reached 5.3% in the context that global economic growth was affected by instability factors. He expressed his belief that ASEAN's strength lies in the consistentapplication of prudent macroeconomic policies, in terms of both finance andcurrency. The bloc has also continuously innovated and conducted reforms inmany areas. Besides, ASEAN has a close policy coordination betweengovernments and central banks, as well as business management agencies, Perryadded./.
The Indonesian Finance Ministry is mulling adding around 8 trillion IDR (531 million USD), to this year’s budget plan for Indonesia’s new capital megaproject Nusantara.
Indonesian Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan has met with the Republic of Korea (RoK)'s Deputy Prime Minister and Finance Minister Choo Kyung-Ho in Seoul to discuss investment opportunities in electric vehicle (EV) production and tourism.
Indonesian Tourism and Creative Economy Minister Sandiaga Salahuddin Uno on March 27 revealed that the ministry has readied several plans and increased coordination with regional governments to anticipate a potential surge in the number of tourists during this year's Eid al-Fitr holiday period.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.
Univers said in a statement that the new centre will serve as a hub for innovation, bringing together digital intelligence and climate ambition to accelerate Sarawak's transition toward a low-carbon, tech-enabled economy.
The target is to be completely free from plastic waste within two years. This can only be achieved if all parties implement the initiative with strong discipline.
Indonesia is taking new steps to improve protections for fishery workers, amid concerns over low wages, harsh working conditions, and limited access to social welfare.
The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.
The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.
Bank Indonesia governor Perry Warjiyo (Photo:thestar.com) 
