Indonesia has formally ratified Rotterdam and Nagoya protocols since May 8 when President Susilo Bambang Yudhoyono endorsed laws No. 10 and 11 of 2013, Environment Minister Balthasar Kamuaya said.
"The enactment of law (No. 11 of 2013) is important for Indonesia to realize its commitment to protecting biodiversity...
With its stable economic growth, young population and growing middle class, producers of consumer goods are now eyeing Indonesia as the next big emerging market, experts said in Jakarta on Thursday.
Vijay Vishwanath, global head of consumer products at management consulting firm Bain & Company, said that the consumer product industry was entering a new era, with emerging markets...
Indonesia’s chief financial regulator, who will have oversight of the bank sector from next year, said a new banking law was certain to come into force in 2014.
Legislators are already drafting the law which senior MPs told Reuters on Wednesday they expected to include a maximum 51 percent limit on the amount a foreign investor can own of a local bank.
Vice President Boediono asserted that the banking sector must prioritieze domestic market. "The national banking sector must play a dominant role domestically," said Boediono when opening the 2013 Indonesia Banking Expo in Jakarta on Thursday, May 23.
Boediono explained that in the context of the ASEAN Economic Community (AEC), there are two main challenges that must be faced by national banking sector.
African countries hope that Indonesia will exert its influence on the ministerial meeting of the World Trade Organization (WTO) for their interest and aspirations, an envoy said.
"We hope that Indonesia as the host would exert its influence on the WTO meeting for the aspirations of developing countries," Alice Mageza, the dean of the Group of African Ambassadors in Indonesia...
