Archive: 19 January 2025
2 articles found
Sun, 19 Jan 2025, 17:48 WIB
Indonesia Officially Joins BRICS as US Acknowledges Strategic Economic Balancing
Indonesia has formally joined BRICS, with President Prabowo announcing the decision during a December 2024 White House meeting; the United States has acknowledged Indonesia's strategic positioning across multiple global economic frameworks.
Sun, 19 Jan 2025, 14:40 WIB
Indonesia's Garment Sector Faces Layoffs Amid China's Dumping Practices
Indonesia's garment sector faces widespread layoffs and factory closures as China's aggressive dumping of subsidised textiles undercuts local manufacturers and destroys fair competition. The cheap imports threaten Indonesia's economic stability, employment, and trade sovereignty whilst forcing dependency on a strategic rival. The government must implement anti-dumping tariffs and support local industry to protect this vital economic sector and preserve national economic independence.