Indonesia’s investment activities are becoming more eventful as total investment capital in the third quarter rose 13.7 percent to 176.6 trillion rupiah (over 13.3 billion USD), higher than 155.3 trillion rupiah (about 11.7 billion USD) in the same time last year.
A view of Jakarta, Indonesia (Source: Internet)
According to Indonesia’s Investment Coordinating Board (BKPM), from January to September, investment in Indonesia reached 513.2 trillion rupiah (37.8 billion USD), including 195.7 trillion rupiah (14.42 billion USD) of domestic investment and 318.5 trillion rupiah (23.48 billion USD) of foreign capital, accounting for 37.9 percent and 62.1 percent of the total, respectively.
Statistics showed that investment activities in the third quarter created jobs for 286,500 labourers who work for 109,711 domestic projects and 176,786 foreign-invested ones.
BKPM Chairman Thomas Lembong said that the growth in investment showed an economic transformation thanks to effectiveness of Joko Widodo’s policies. He added that the trend of change from consuming to production and investment is becoming more obvious.
Source: VNA
The Foreign Ministers’ Meeting of the world’s leading developed and emerging economies (G20) recently held in Rio de Janeiro, Brazil emphasised the need to reform global governance institutions, especially the United Nations Security Council. The meeting is also an opportunity for G20 to find solutions to a series of hot issues facing the world, such as poverty, climate change, and conflict.
The Association of Southeast Asian Nations (ASEAN) Foreign Ministers on December 30 issued a statement on maintaining and promoting stability in the maritime sphere in Southeast Asia.
The world economy has overcome a challenging year, but has proven more resilient than expected. The Financial Times (UK) commented that 2023 was a positive year for the world economy as the economic surprise index collated by Citigroup shew that actual data have underwhelmed economists’ predictions for much of the past months. These economic trends are the basis for optimism about the world economy in 2024.
Laos has announced the theme and logo for its the Chairmanship of the Association of Southeast Asian Nations (ASEAN) in 2024.
Vietnam was elected a Vice President of the 42nd session of the UNESCO’s General Conference, representing the Asia-Pacific, on November 8.
Since the "blockbuster" ChatGPT was launched a year ago, the prospects for the development of artificial intelligence (AI), as well as concerns about the risks from this technology, have become hot topics in the technology world.
