Jakarta Globe

Indonesia is responding to rising global oil prices by maintaining fiscal discipline while accelerating efforts to reduce reliance on imported fuel, including expanding biofuel blending, boosting renewable energy development, and building strategic crude reserves to strengthen energy security. Oil prices have surged in recent weeks as US-Israeli strikes on Iran rattled global energy markets. Crude […]

Indonesia is preparing to invest up to $2 billion to build what it calls a “second home” for millions of Indonesian pilgrims traveling to Mecca each year, marking one of the country’s most ambitious overseas investments to date. The plan gained early traction this week following the historic acquisition of a strategically located hotel complex […]