Indonesia, Timor Leste agree on investment treaty talks
Indonesian President Joko Widodo and Timor Leste Prime Minister Taur Matan Ruak agreed on a number of commitments, including one related to the establishment of a bilateral investment treaty, during their meeting in Jakarta on February 13.
Indonesian President Joko Widodo (R) and Timor Leste Prime Minister Taur Matan Ruak (Photo: tempo.co)
Jakarta (VNA) – Indonesian President Joko Widodo andTimor Leste Prime Minister Taur Matan Ruak agreed on a number of commitments, including one related to the establishment of a bilateral investment treaty, during their meeting in Jakarta on February 13.
Speaking at a press conference, President Widodo said both sidesagree to push for the start of negotiations on the deal which aims to supporteconomic cooperation, particularly the development of economic zones in borderareas between East Nusa Tenggara province and Timor Leste’s specialadministrative zone Ouecusse.
He expressed his joy over closer land connectivity between thetwo countries following the launch of the Kupang - Dili bus route operated byIndonesian bus operator DAMRI last November. He also encouragedsea transportation logistics costs for business activities to be lowered.
Both countries concurred on completing negotiations for the two remaining land border segments -- the Noel Besi-Citrana Segment and the Bidjael Sunan Oben segment -- in 2023, he said.
During the state visit to Indonesia by Timor Leste President Jose Ramos Horta in July last year, the two sides inked four memoranda on agriculture, bus cross-border movement, standardisation a🀅nd metrology, and technical cooperation in the trade sector./.
Indonesia’s law enforcement agency will step up the implementation of measures to prevent speculation in cooking oil products in the context of inflation, Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan said on February 9.
Four people were killed and several houses and buildings damaged after a 5.4-magnitude earthquake hit Indonesia’s eastern province of Papua on February 9, a disaster agency official said.
Indonesia is drafting a regulation enabling media outlets to receive payments from digital platforms or aggregators that carry their content, the country’s Press Council has said.
Indonesia is one of the top three nations in fintech in the south and southeast Asian region, behind India and Singapore, according to a survey just released by Robocash Group, a fintech company with offices in Asia and Europe that specialises in providing technological finance solutions for the underserved by the traditional banking system in emerging markets.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Indonesian President Joko Widodo (R) and Timor Leste Prime Minister Taur Matan Ruak (Photo: tempo.co) 
