Highlights From Local News Wires

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

Economy: “Indonesia’s consumer confidence index rises to 128.3 in May” – Jakarta Globe (see here)

• Consumer confidence rose 2.2 points in April driven by improving economic conditions and expectations. Better job prospects and current income were behind the improvement. Business activity expectations rose 7.8 points in May.

Economy: “Indonesian retail sales likely rise in May” – MT Newswires (see here)

• BI said that retail sales were flat on the year in May after 1.5% y/y in April.

Economy: “ASEAN promising investment destination for S Korea: ASEAN BAC Chair” – Antara News (see here)

Economy: “Agriculture sector cushioned Indonesia’s economy amid pandemic: Govt” – Antara News (see here)

Economy: “EU didn’t consult with Indonesia before passing EUDR: minister” – Jakarta Globe (see here)

Government: “Minister ensures Nusantara capital city development goes accordingly” – Antara News (see here)

Politics: “PDI-P, Democrats warm up for high-level negotiations” – Jakarta Globe (see here)