Vehicles on a street in Jakarta, Indonesia (Photo: AFP/VNA)
Jakarta (VNA) – The World Bank has approved a 224 million USD packagefor Indonesia’s Mass Transit (MASTRAN) Project.
The project isaimed at improving transportation efficiency for Indonesia’s fast-growing urbanpopulations and provide public transportation alternatives to cars andmotorbikes.
Country Directorfor World Bank in Indonesia and Timor-Leste Satu Kahkonen said in a pressrelease on June 1 that as almost 60 percent of Indonesia's GDP comes from urbanareas, mobility in cities is crucial to ensuring economic competitiveness.
"Thisproject will strengthen the collaboration between Indonesia's central and localgovernments and improve the technical expertise needed to plan and operate urban transport systems. By upgrading the quality of public transportation, theproject will offer alternatives to motorcycles and cars and rein in pollutionand congestion," Kahkonen added.
In addition to support from the World Bank, theproject will receive financial support from the Indonesian government, Agencefrançaise de développement (AFD), and the private sector, bringing the totalfinancing to 364 million USD./.
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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.
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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.
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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.
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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.
Vehicles on a street in Jakarta, Indonesia (Photo: AFP/VNA) 
