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Highlights From Local News Wires

INDONESIA

Below is a collection of news wires reports from English versions of Indonesian Newspapers and some other major news outlets.


Markets: “Indonesian crude oil prices to hold steady in 2024: energy minister” – Jakarta Globe (see here)

  • The Energy Minister Arifin sees oil prices in 2023 and 2024 stable within $70-$80, “given the current geopolitical situations”. He also said that OPEC+ will manage output to try and stop prices falling below $80/bbl.

ASEAN: “Malaysia, Indonesia solve 18-year-old border issues, sign pacts” - Bloomberg (see here)

  • As well as the agreement on the maritime border dispute, the two leaders signed pacts on trade and migrant workers. Both countries will speak as one to defend palm oil producers in face of EU deforestation rules.

ASEAN: “Indonesia to hold ASEAN Indo-Pacific Forum on 5-6 September 2023” – Antara News (see here)

ASEAN: “ASEAN-BAC committed to promote economic growth in the region” – Antara News (see here)

Business: “Indonesia, S Korea agree to develop ICT ecosystem for SMEs” – Antara news (see here)

Economy: “Indonesia has best market potential in Southeast Asia: Minister” – Antara news (see here)

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