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View all search resultsWhile President Prabowo’s high-profile global engagement boosts Indonesia’s visibility, relying on personal charisma over institutional diplomacy risks undermining the long-term credibility of the nation's foreign policy.
Key priorities in the agreement include cooperation in science and technology as well as investment in agricultural technology, education and the strengthening supply chains for electric vehicle batteries.
The planned Indonesia International Financial Center (PFII) will attract massive foreign capital inflows, the government has claimed, but economists view that as a long-term aspiration rather than a realistic near-term goal, pointing to the challenges of taking on global hubs with long-term track records.
By the senior economy minister's estimates, the project could cost up to $720 million in total to expand capacity from 580 MW at present to the targeted 1.3 GW at around $1 million per MW, though he did not say how much of that might be footed by the American chip-making giant.
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