{
    "success": true,
    "data": {
        "id": 1719681,
        "msgid": "indonesia-and-laos-explore-fertiliser-investment-in-jakarta-talks-1778197978",
        "date": "2026-05-05 18:59:58",
        "title": "Indonesia and Laos explore fertiliser investment in Jakarta talks",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Investment",
        "summary": "Indonesia's government, through state-owned PT Pupuk Indonesia, plans to invest in Laos to enhance fertiliser production cooperation, driven by Jakarta's heavy reliance on potassium imports from the country that dominate their US$83.3 million bilateral trade. The initiative, discussed during a meeting between Vice President Gibran Rakabuming Raka and Laos' Deputy Prime Minister Phomvihane, aligns with President Prabowo Subianto's food self-sufficiency agenda to empower farmers and bolster regional resilience in Southeast Asia. This move aims to reduce Indonesia's US$57 million trade deficit with Laos and strengthen ties ahead of the 70th anniversary of diplomatic relations next year.",
        "content": "<p>Deputy Foreign Minister Anis Matta, who accompanied Gibran at the\nVice Presidential Palace in Jakarta on Tuesday, explained that state-run\nfertilizer producer PT Pupuk Indonesia plans to expand to Laos amid\nJakarta\u2019s significant imports of potassium, a key feedstock, from the\ncountry.<\/p>\n<p>\u201cSince we are importing potassium from Laos for our fertilizer needs\nat home, the government intends to invest in Laos through PT Pupuk to\nfoster cooperation in this industry,\u201d he remarked.<\/p>\n<p>He added that bilateral trade between Indonesia and Laos currently\nstands at around US$83.3 million annually, with Jakarta recording a\ndeficit of US$57 million\u2014figures he noted remain relatively low compared\nto Indonesia\u2019s trade with other Southeast Asian partners.<\/p>\n<p>On the same occasion, Indonesia\u2019s State-Owned Enterprise Regulatory\nAgency (BP BUMN) Deputy Head Aminuddin Ma\u2019ruf confirmed that the\ngovernment would assign the investment plan to PT Pupuk Indonesia,\nnoting that potassium imports from Laos account for nearly the entire\nbilateral trade.<\/p>\n<p>He noted that the vice president had ordered BP BUMN and sovereign\nwealth fund Danantara to explore fertilizer cooperation opportunities\nwith Laos as part of efforts to empower farmers to contribute to the\nfood self-sufficiency agenda promoted by President Prabowo Subianto.<\/p>\n<p>Ma\u2019ruf noted that Indonesia\u2019s food security drive is not only focused\ndomestically but also aims to contribute to broader regional resilience\nin Southeast Asia.<\/p>\n<p>VP Gibran, alongside Matta and Ma\u2019ruf, received Deputy PM Phomvihane\nat his palace to step up bilateral ties ahead of the 70-year mark of\ndiplomatic relations next year.<\/p>\n<p>The Laotian delegation included Ambassador to Indonesia Khamfeuang\nPhanthaxay, Director General of the Asia-Pacific and Africa Department\nBounthanongsack Chanthalath, and Director General of the ASEAN\nDepartment Sengdavanh Vongsay.<\/p>\n<p>Related news: RI-Laos strengthen partnership ahead of 70 years of\nrelations<\/p>\n<p>Related news: Indonesia, Laos deepen financial oversight\ncooperation<\/p>\n<p>Related news: Indonesia keen to expand cooperation with Singapore:\nPrabowo<\/p>\n<p>Translator: Mentari Dwi, Tegar Nurfitra<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-and-laos-explore-fertiliser-investment-in-jakarta-talks-1778197978",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}