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In a significant shift for Southeast Asia’s largest economy, Indonesia is aggressively reducing its reliance on the U.S. Dollar for international trade. Bank Indonesia (BI), the nation’s central bank, has reported a sharp expansion in the use of Local Currency Transactions (LCT), a strategic framework designed to facilitate bilateral trade using domestic currencies rather than … Read more
Jakarta – Indonesian authorities are intensifying scrutiny of alleged financial connections between a prominent political figure and a former regional leader convicted of corruption. The Corruption Eradication Commission (KPK) is investigating whether Japto Soerjosoemarno, Chairman of the Pemuda Pancasila (Youth Pancasila) organization, received monthly payments as “security fees” from corporations involved in mining activities in … Read more
Washington D.C. – Indonesia is moving forward with plans to deploy up to 8,000 troops as part of the International Stabilization Force (ISF) in Gaza, with funding for the operation drawing from a combination of international contributions and national resources. The commitment, announced following a meeting of the Board of Peace (BoP) in Washington D.C., … Read more