Mass rapid transit (MRT) public transportation system in Jakarta. (Photo: antaranews.com)
Jakarta (VNA)ꦇ – The Asian Development Bank (ADB) isin talks to help finance up to 600 million USD for the expansion of Jakarta’smass rapid transit (MRT) project.
The MRT now stretches from Lebak Bulus to the Hotel IndonesiaRoundabout in central Jakarta. Work is underway to extend the tracks to Kotaand later eventually West Ancol on what they call a “north-south” line. Thereare also further plans to develop the “east-west” line which connects West Javaprovince’s Cikarang and Banten province’s Balaraja. Jiro Tominaga, ADB’s Country Director for Indonesia, said thatthe bank had been having active discussions with the government on taking partin the east-west expansion. The funding will likely be a co-financing schemetogether with the Japan International Cooperation Agency (JICA). Speaking at a recent press briefing in Jakarta, Jiro said thatADB’s funding can be up to 300-600 million USD but gave no information aboutJICA’s funding.
Aside from loans, ADB also plans to provide technical assistanceto develop the MRT project.
𓆏 Jiro said there is some technical assistance that ADB willprobably be able to provide Indonesia through grant financing. But a bulk ofthe financing will be loans.
In October, Weni Maulina, the construction director at MRTJakarta, revealed that ADB could fund the East-West Line project. Accordingto Weni, ADB would likely take part in the Tomang-Medan Satria route. According to Indonesia’s Finance Ministry, as of February, JICA has funded 551 billion yen (about 3.9billion USD) for projects in Indonesia, including approximately 227 billionyen for the MRT project./.
Indonesia's investment in renewable energy projects in 2023 is forecasted to reach its lowest level in the past six years, despite the nation's goal to reduce carbon emissions in its power sector.
Indonesian Minister for Foreign Affairs Retno Marsudi has said that the Southeast Asian country plans to implement the amended Indonesia-Japan Economic Partnership Agreement (IJEPA) in the first quarter of 2024.
Indonesian Minister of Tourism and Creative Economy Sandiaga Uno said on December 18 that the COVID-19 situation remains under control, ensuring safety during the Christmas and New Year celebrations.
The State Logistics Agency of Indonesia (Bulog) has announced that 22 million families in the country will benefit from the government’s rice assistance in 2024.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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.
Mass rapid transit (MRT) public transportation system in Jakarta. (Photo: antaranews.com) 
