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Honors Insight > Articles by: Honors Insight

Indonesia-China Talks: Jokowi Focuses on IKN and Surabaya High-Speed Railway Link

Indonesian President Joko Widodo welcomed Chinese Foreign Minister Wang Yi in an official visit to the Presidential Palace in Jakarta on Thursday (April 18, 2024). Following the meeting, Indonesian Foreign Minister Retno Marsudi revealed three key messages conveyed by President Jokowi. Firstly, President Widodo emphasized the importance of enhancing mutually beneficial economic cooperation between the […]

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Indef Urges Strategic Focus on Exports Amid Import Restrictions

JAKARTA – The policy of import bans and restrictions (Lartas) may indeed contribute to boosting Indonesia’s trade surplus, which has been dwindling. However, such measures are deemed to yield superficial outcomes. The Institute for Development of Economics and Finance (INDEF) suggests that the government should prioritize efforts to enhance exports rather than hindering imports, especially […]

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Air Conditioner Manufacturers Scramble as Import Restrictions Take Effect, Without Domestic Compressor Factories

JAKARTA – The Indonesian Refrigeration Company Association (PERPRINDO) has been in a state of uncertainty since the implementation of import bans and restrictions on electronic goods, including the raw materials needed for domestic production. Technical considerations (Pertek) as a requirement for import recommendations stipulated in Minister of Industry Regulation No. 6/2024, derived from Minister of […]

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Head of WTO Calls for Calm Among US Trading Partners Amid Potential Return of Donald Trump and Introduction of New Tariffs

Head of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has issued a plea to Washington’s trade allies, urging them to maintain stability amidst the potential resurgence of Donald Trump in the White House and his proposed imposition of a 10 percent import tariff. Addressing the Peterson Institute for International Economics in Washington, Okonjo-Iweala expressed her […]

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United Airlines Blames Boeing Grounding for $200 Million in Losses

Chicago, April 17, 2024 – United Airlines, one of the leading carriers in the aviation industry, unveiled its first-quarter financial results, marred by the grounding of the Boeing 737 MAX 9 aircraft. The grounding, which endured for approximately three weeks in January, inflicted a notable setback on United’s earnings, resulting in a loss of $124 […]

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