Business News
Indonesia’s Stabilising Finance & Leasing Environment Eases Rating Pressure
Fitch Ratings-Jakarta/Singapore-25 April 2021: Waning pressure on the operating environment of Indonesia's finance and leasing industry has reduced downside risk for ratings in 2021, says Fitch Ratings. Our March revision of the sector’s operating environment outlook to Stable, from Negative, reflected the reduced threat of significant structural damage from the…
ASEAN, Italy launch Development Partnership
JAKARTA, 19 APRIL 2021 – ASEAN and Italy convened the inaugural ASEAN-Italy Development Partnership Committee (AI-DPC) meeting today. The meeting took place online, marking the launch of ASEAN-Italy formal partnership. where both sides identified a number of mutually beneficial projects and programmes of cooperation. At the meeting, Italy announced its…
Nickel-rich Indonesia draws global suppliers of EV battery materials
The latest push sees Indonesia tapping into its rich nickel ore reserves to meet a rising demand for the metal from electric battery producers. Alongside feeding its stainless steel industry, Indonesia now wants to reserve a portion of its nickel ore for the production of lithium-ion batteries used to power…
ASEAN Needs A Green New Deal
Tropical cyclones that form over Southeast Asia’s Savu Sea do not typically hit land. But in early April, Cyclone Seroja created a path of destruction across Indonesian islands and East Timor. Within days, more than 200 people were dead or missing and 2,000 buildings damaged. Seroja is the latest reminder…
