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 economic growth exceeds 5% for 7^th consecutive quarter” – Jakarta Globe (see link)

• Chief economic minister Airlangga said that the economy continues to recover robustly and is one of the “world’s top-performing economies” and Indonesia is reclaiming its status as an “upper-middle income country”. Indonesia also improved its Institute for Management Development global competitiveness ranking by 10 places to 34^th. The government expects 5.3% growth in 2023 with Q3 a “pivotal driving force”.

Economy: “Indonesia shows good progress amid global economic slowdown: minister” – Antara News (see link)

Economy: “Indonesia needs transformation to become high-income country: ministry” – Antara News (see link)

Trade: “Indonesia sees opening to conclude long-awaited trade deal with EU” – Jakarta Globe (see link)

• The formation of the EU Deforestation-Free Regulation task force with Malaysia and the EU to find the best solution to deforestation gives the Indonesian government hope of completing the comprehensive economic partnership agreement by year end. Talks began in 2016.

Industry: “Indonesia emerges as key player in ASEAN’s automotive market: minister” – Antara News (see link)

ASEAN: “All matters related to 43^rd ASEAN Summit already prepared: President” – Antara News (see link)

ASEAN: “ASEAN poised to be world’s fourth-largest economy in 2030” – Jakarta Globe (see link)

Geopolitics: “Indonesia to take decision on BRICS membership: Jokowi” – Antara News (see link)

OECD: “OECD Sec-Gen to visit Jakarta as Indonesia seeks membership” – Jakarta Globe (see link)

Food: “National rice stocks sufficient amid El Nino risks: minister” – Antara News (see link)