Jakarta (VNA) – The Republic of Korea (RoK)’s companies will increase their investment in Indonesia by 1.7 billion USD, Indonesian economic minister Airlangga Hartarto said on April 28 after attending a meeti🌌ng between a Korean business association and President Prabowo Subianto.
The planned increase is equal to more than 10% of the 15.4 billion USD that Korean firms had already invested in Indonesia, said Airlangga.
Prabowo's office said the President met with more than a dozen Korean companies that have invested in Indonesia, including holding company Lotte Corporation, steel firm POSCO Holdings, glass producer KCC Glass Corporation, and Hyundai Motor Group.
POSCO and KCC Glass were among the firms that planned new investments, Airlangga said, without providing further details.
Airlangga said Lotte Chemical Corp's 3.9 billion USD large-scale petrochemical plant in Indonesia was expected to start operating by September or October this year.
Since 2007, the Indonesian and French governments have been involved in multiple collaborative projects focused on various strategic sectors, such as energy transition, eco-friendly transportation, the blue economy, natural resources management, and green finance.
Korean investments in Indonesia totalled 15.4 billion USD as of late 2023, proving that Indonesia is not only a destination for investment, but also a strategic partner in long-term, sustainable growth.
At the meeting in Washington, D.C. on April 24, Hartarto reiterated Jakarta’s commitment to addressing the US trade deficit with Indonesia, the Indonesian media reported.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
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Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
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.
