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Indonesia launches subsidy for electric vehicles

STORY: Indonesia launches subsidy for electric vehicles DATELINE: March 21, 2023 LENGTH: 00:01:06 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of electric vehicles (Courtesy of Wuling factory) 2. various of vehicles in Indonesia 3. various of vehicles queueing for petrol (Courtesy of Antara) STORYLINE: Indonesia's government on Monday officially launched a program of subsidies for purchasing electric motorcycles. The government has budgeted 455 U.S. dollars in subsidy for each purchase of electric motorcycles and 65 U.S. dollars for converting to electric vehicles starting on Tuesday. Finance Minister Sri Mulyani Indrawati said that a total of 455 million U.S. dollars will be allocated for the program until 2024. It aims to reach 10 percent electric vehicle penetration as of 2024. Indrawati added that additional incentives, including tax holidays and value-added tax discounts, will be provided to cut the prices of electric cars and buses. The policies will be announced on April 1. Xinhua Ne

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Indonesia posts inflation at 4.35 pct in June

STORY: Indonesia posts inflation at 4.35 pct in June DATELINE: July 2, 2022 LENGTH: 00:01:10 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of BPS building (Courtesy of Statistics Indonesia official youtube: BPS Statistics) 2. various of food prices (Courtesy of Antara) 3. various of a fuel station (Courtesy of Antara) STORYLINE: Statistics Indonesia (BPS) on Friday announced that inflation stood at 4.35 percent year on year in June, the highest in five years, exceeding the upper limit of Bank Indonesia's target range of 4 percent. The June inflation rate was compared to 3.35 percent in May. BPS also announced the country's core inflation was at 2.63 percent year on year and 0.19 percent month to month in June. Finance Minister Sri Mulyani Indrawati said at a meeting with the House of Representatives that the inflation rate by the end of 2022 would reach 4.5 percent year on year due to the surge in global commodity prices amid supply chain disruptions and the conflict in Ukraine.

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G-20 meeting in Washington

Indonesian Finance Minister Sri Mulyani Indrawati gives an online press conference after a meeting of finance ministers and central bank governors from the Group of 20 major economies on April 20, 2022, in Washington.

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INDONESIA-JAKARTA-G20-FINANCE MINISTERS-CENTRAL BANK GOVERNORS-MEETING

(220217) -- JAKARTA, Feb. 17, 2022 (Xinhua) -- The opening ceremony of the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting is held in Jakarta, Indonesia, Feb. 17, 2022. Indonesia will promote the use of local currency settlement (LCS) in cross-border trade and investment, as an effort to reduce dependency on the U.S. dollar, the country's Finance Minister Sri Mulyani Indrawati said Wednesday. Indrawati said she will raise the issue about the LCS scheme during the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting scheduled for Feb. 17-18. (Indonesian Finance Ministry/Handout via Xinhua)

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INDONESIA-JAKARTA-G20-FINANCE MINISTERS-CENTRAL BANK GOVERNORS-MEETING

(220217) -- JAKARTA, Feb. 17, 2022 (Xinhua) -- Indonesian Finance Minister Sri Mulyani Indrawati gives a speech during the opening ceremony of the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Jakarta, Indonesia, Feb. 17, 2022. Indonesia will promote the use of local currency settlement (LCS) in cross-border trade and investment, as an effort to reduce dependency on the U.S. dollar, the country's Finance Minister Sri Mulyani Indrawati said Wednesday. Indrawati said she will raise the issue about the LCS scheme during the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting scheduled for Feb. 17-18. (Indonesian Finance Ministry/Handout via Xinhua)

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INDONESIA-JAKARTA-G20-FINANCE MINISTERS-CENTRAL BANK GOVERNORS-MEETING

(220217) -- JAKARTA, Feb. 17, 2022 (Xinhua) -- Indonesian Finance Minister Sri Mulyani Indrawati (L, front) gives a speech during the opening ceremony of the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Jakarta, Indonesia, Feb. 17, 2022. Indonesia will promote the use of local currency settlement (LCS) in cross-border trade and investment, as an effort to reduce dependency on the U.S. dollar, the country's Finance Minister Sri Mulyani Indrawati said Wednesday. Indrawati said she will raise the issue about the LCS scheme during the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting scheduled for Feb. 17-18. (Indonesian Finance Ministry/Handout via Xinhua)

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INDONESIA-JAKARTA-G20-FINANCE MINISTERS-CENTRAL BANK GOVERNORS-MEETING

(220217) -- JAKARTA, Feb. 17, 2022 (Xinhua) -- Indonesian President Joko Widodo gives an online speech during the opening ceremony of the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Jakarta, Indonesia, Feb. 17, 2022. Indonesia will promote the use of local currency settlement (LCS) in cross-border trade and investment, as an effort to reduce dependency on the U.S. dollar, the country's Finance Minister Sri Mulyani Indrawati said Wednesday. Indrawati said she will raise the issue about the LCS scheme during the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting scheduled for Feb. 17-18. (Indonesian Finance Ministry/Handout via Xinhua)

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INDONESIA-JAKARTA-G20-FINANCE MINISTERS-CENTRAL BANK GOVERNORS-MEETING

(220217) -- JAKARTA, Feb. 17, 2022 (Xinhua) -- Indonesian Finance Minister Sri Mulyani Indrawati (2nd L, front) attends the opening ceremony of the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Jakarta, Indonesia, Feb. 17, 2022. Indonesia will promote the use of local currency settlement (LCS) in cross-border trade and investment, as an effort to reduce dependency on the U.S. dollar, the country's Finance Minister Sri Mulyani Indrawati said Wednesday. Indrawati said she will raise the issue about the LCS scheme during the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting scheduled for Feb. 17-18. (Indonesian Finance Ministry/Handout via Xinhua)