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View all search resultsIndonesia must tread carefully with a political economy approach to trade diplomacy following US tariffs, maintaining mutually beneficial partnerships and avoiding impacted countries from turning into adversarial competitors.
ASEAN has been generally spared the global furor and shock over Trump's many policies since his second term began, and by continuing to focus on peace and prosperity through dialogue and partnerships, the regional bloc is likely to maintain its centrality and resilience during Malaysia's 2025 chairmanship.
Amid global pressures, Indonesia’s economic growth in 2024 and 2025 is projected to remain stable at around 5.0 percent to 5.1 percent. One of the main challenges lies in uneven domestic consumption patterns.
The official launch of the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) still has a long way to go. First Deputy Finance Minister Thomas Djiwandono, who is also the nephew of President Prabowo Subianto, stated that the situation is more complex than anticipated, delaying the launch until a clear regulatory framework is established, a process that could take an indefinite amount of time.
The Indonesian government has decided to delay the annual increase in provincial minimum wage (UMP) rates, raising questions about its implications for workers, businesses, and the political landscape. Initially scheduled for announcement by Nov. 21, 2024, the wage adjustment will now wait until after the country’s regional elections. This decision follows a Constitutional Court (MK) ruling and ongoing dispute over minimum wage regulations.
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