Premier of the State Council Plans Visit to Indonesia in Late May
Chinese Foreign Minister Wang Yi revealed at the first China-Indonesia 2+2 Ministerial Meeting that the Premier of the State Council plans to visit Indonesia in late May 2025. This visit is in light of the Malaysian Prime Minister serving as the rotating chair of ASEAN and hosting relevant summits. While supporting Malaysia's initiatives, China hopes to maintain and promote cooperation with Indonesia. If the visit proceeds, it will be the Premier's first visit after Indonesian President Prabowo took office. The Premier's last visit to Indonesia was on September 5, 2023, when he attended several important ASEAN-related summits. Wang Yi emphasized that as major developing countries, China and Indonesia should
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First Ministerial Meeting of China-Indonesia Foreign and Defense Ministers Held in Beijing
Indonesian Industry Worries About Influx of Chinese Electronics into Indonesian Market
Key Points of Indonesia-US Tariff Negotiations
Indonesia's Foreign Exchange Reserves Hit Record High
According to data from Bank Indonesia, Indonesia's foreign exchange reserves reached USD 157.1 billion at the end of March 2025, up from USD 154.5 billion the previous month. The increase was driven by higher tax and service revenues, as well as the government's recovery of foreign loans. Indonesia's requirement for natural resource exporters to keep 100% of their USD-denominated profits in the country for at least one year has also helped stabilize foreign exchange reserves. The reserves can cover 6.7 months of imports, or 6.5 months of imports and government external debt repayments, far exceeding the international standard of 3 months of imports. This supports the external sector's resilience, maintaining macroeconomic and
Indonesia's Waste-to-Energy Projects Show Great Potential
Indonesia's BPI Danantara Investment Authority stated that waste-to-energy businesses can break even and become profitable within 5-6 years. Although no investors have entered yet, the sector has attracted attention from Singapore, South Korea, Japan, China, and Europe. The agency's Chief Investment Officer said this business requires not only capital but also advanced technology, expecting investors to have global urban waste management experience. Indonesia's Coordinating Minister for Food Affairs also believes the business has huge potential, with many interested investors currently, but complex regulations hinder investment progress. He added that Danantara could participate in this industry.
Indonesia's Coal Power Plant Capacity Continues to Rise, Adding 1.9 GW
Indonesia's coal power plant installed capacity continues to rise, adding 1.9 GW in 2024, ranking third globally, with 80% for specific purposes (captive power plants). As of 2024, Indonesia has 130 captive coal power plants with installed capacity of 30 MW or more in operation, and 21 under construction or in early stages. Since the signing of the Paris Agreement in 2015, Indonesia's coal power plant installed capacity has increased by 29 GW, currently at 54.7 GW, ranking fifth globally. The National Electricity General Plan (2024-2060) shows that Indonesia plans to add 26.7 GW of coal power capacity in the next 7 years,
Indonesia's Plan to Cancel Import Quotas Still Under Discussion
President Prabowo has called for the abolition of import quota regulations for daily necessities, arguing that capable enterprises should be given freedom to import, reducing cumbersome bureaucratic procedures, simplifying import processes, creating a more relaxed business environment for companies, and promoting employment and economic development. The Acting Director General of Foreign Trade at the Ministry of Trade stated that the decision to cancel import quotas needs to be discussed by the Coordinating Minister for Economic Affairs in coordination with relevant departments and agencies. Import quota policies are formulated based on presidential regulations, involve multiple aspects of impact, and are related to the Job Creation Law, requiring broader and deeper discussions. Currently, it is not yet certain which goods will have their import quotas canceled
Indonesia Plans to Resolve Tariff Issues Through Negotiation and Procurement
The United States imposed a 32% import tariff on Indonesia due to Indonesia's trade surplus of US$17 billion with the US. President Prabowo stated that Indonesia has a strong negotiation strategy, proposing to purchase US$17 billion worth of US products to balance the trade surplus. Indonesia is not a poor country and has the capacity to achieve this import volume. Planned US imports include energy products such as LPG and petroleum fuels, technical equipment such as oil and gas drilling equipment and aircraft, as well as agricultural products such as soybeans, wheat, and cotton. Prabowo has authorized the Coordinating Minister for Economic Affairs to lead negotiations with the US. He is optimistic about resolving the issue of US import tariff policies.
Anhui to Strengthen Investment Cooperation with East Kalimantan
Sun Yong, Vice Governor of China's Anhui Province, visited East Kalimantan Province, Indonesia again to promote cooperation between the two sides. The Vice Governor of East Kalimantan stated that cooperation with Anhui Province began several years ago, and this visit is a continuation of the previous positive cooperation process, aimed at promoting collaboration in multiple fields to boost economic development and improve people's livelihoods. Anhui enterprises plan to build a pesticide factory locally, which aligns with the cooperative direction advocated by the presidents of Indonesia and China and also helps achieve Indonesia's goal of food self-sufficiency. However, agreements on revenue distribution and land lease issues have not yet been reached, and the local government will finalize them as soon as possible.
Indonesian Presidential Palace Opens to Public for Eid al-Fitr Today
President Prabowo will hold an open house event for Eid al-Fitr 2025. He plans to first perform the Eid prayer at the Istiqlal Mosque in Jakarta on March 31, 2025 (Eid al-Fitr day), and then proceed to the Merdeka Palace for the open house. The open house aims to provide a platform for interaction and exchange between the President and government officials, foreign envoys, prominent figures from various sectors, and the general public, thereby strengthening mutual connections. The event also carries significant social meaning, symbolizing the elimination of barriers and promoting social unity and cohesion. The open house invites ordinary citizens to participate, and the public can enter the Merdeka Palace from 9:00 AM Western Indonesia Time, with the entrance at the main gate of the State Secretariat Building (located on Jalan Majapahit, Central Jakarta). The event starts at 9:00 AM and lasts until it concludes.