Indonesia’s Golden Vision 2045 is one of the most consequential national projects in Indonesia. It promises stronger human capital, world-class infrastructure, wider prosperity and greater welfare for more than 280 million citizens.
Category: Economy
The Persistence of Indonesia’s “Zombie” Mining Sector
The persistence of “zombie” mining refers to entities that are legally revoked but remain operational. Every year, an estimated 3.5 trillion Indonesian rupiah (201.7 million USD) in state revenue is lost within Indonesia’s mining sector.
Cambodia ends April with sixth fuel price rise
Phnom Penh ends April with a fuel price surge. Effective April 29, petrol (Gasoline 92) is priced at 5,510 Cambodian riels (1.37 US dollars) per litre, while diesel (Gasoil 10 parts per million (ppm)) costs 5,650 Cambodian riels (1.41 US dollars) per litre.
Indonesia’s Economic Growth Story Has a Trust Gap
On paper, Indonesia is Southeast Asia’s “unbreakable” economy. Growth holds steady at around 5%, domestic consumption remains resilient and foreign investment continues to flow despite a tightening global environment.
Indonesia to cover airfare VAT as jet fuel price surge
Coordinating Minister for Economic Affairs, Airlangga Hartanto, held a press conference on 25 April to discuss the sustainability of the national airline industry amid rising aviation fuel costs.
Blaze engulfs Myanmar’s Homalin Township oil terminal, 22 vessels destroyed
On April 20, a blaze broke out from an oil terminal in Homalin Township at Myanmar’s northwestern Sagaing district—one of the country’s busiest trading hubs.
Indonesia’s public services increasingly digital, yet bureaucratic hurdles persist
Indonesia was entrusted to be the leader of the multilateral economic cooperation forum, G-20 in 2022, when digital transformation was a key topic.
US sanctions Cambodian senator over alleged scam connection
On April 23, the US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Cambodian Senator Kok An, accusing him of being the leading figure behind a nationwide scam compound network.
Philippines to become first AI-native economic security zone under Pax Silica
Manila agreed to facilitate the US’—its long standing ally—effort to “shore up” supply chains. On April 16, Jacob Helberg, US Under Secretary of State for Economic Growth, Energy, and the Environment, mentioned a plan to establish a 4,000–acre (16,1 km2) industrial hub in the Luzon Economic Corridor.
Indonesia uncovers giant gas reserve in Borneo
Indonesia discovered a major gas reserve at Geliga-1 exploration well—a working area operated by Italian energy company ENI at the Ganal Block offshore Kutai, East Kalimantan.