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View all search resultsIndonesia also sought a preferential trade agreement (PTA) with South America’s Mercosur bloc as negotiations for a broader Indonesia-Mercosur Comprehensive Economic Partnership Agreement (IEU-CEPA) made little progress.
Indonesia's latest return to China's capital market has been met with overwhelming demand as the government successfully issued two tranches of yuan-denominated Panda Bonds totaling 7 billion yuan (Rp 18.6 trillion or US$1.1 billion) to help finance the 2026 state budget. The offering was oversubscribed by 2.4 times, underscoring continued confidence in Indonesia's fiscal outlook. However, the timing of the issuance has also attracted attention, as it comes amid heightened scrutiny over Indonesia's economic relations with major global powers.
The G2 concept that Trump has been touting lately is a highly unstable proposition that could make the emergence of a unipolar Asia more likely. Fortunately, Japan remains committed to advancing the far more effective “free and open Indo-Pacific" framework, with India as an indispensable partner.
Indonesia's contribution should be to insist on what actually makes nuclear peace hold: declaratory transparency, no-first-use commitments, verified command-and-control safeguards and working crisis hotlines between adversaries.
The joint comminuque resulting from last week's AMM made clear that ASEAN foreign ministers are fully cognizant of the region's parallels with the Mideast conflict, not least the issues pertaining to the vital South China Sea and its own pariah state, Myanmar.
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