BRI

Whoever wins the presidential election, Indonesia will remain close to China

Retrieved on: 
Friday, February 9, 2024

The world’s third-largest democracy, Indonesia, eagerly awaits the outcome of the presidential election on Feb. 14.

Key Points: 
  • The world’s third-largest democracy, Indonesia, eagerly awaits the outcome of the presidential election on Feb. 14.
  • Baca juga:
    Indonesia's presidential election may go to run-off, despite what the polls say

    .

Why China will remain a vital partner

  • Economically, China is a significant trading partner and source of investment for Indonesia, offering considerable development funds and economic opportunities.
  • Our latest report provides insight into the candidates’ potential approaches to China if elected, based on their engagements with Chinese officials in the past.
  • Prabowo has notably engaged extensively with China, meeting several times with Xiao Qian, the former Chinese ambassador to Indonesia, between 2018 and 2022.
  • His running mate, Gibran, has had limited interactions with China himself.
  • However, he would be associated with his father’s close ties to China, which have taken precedence during his time in office.
  • Since Jokowi became prime minister, China has evolved into Indonesia’s largest trading partner and investor, with Chinese exports to Indonesia surging to $71.32 billion in 2022, up from less than $40 billion in 2014.
  • Concerns have also been raised about the Batang Toru hydropower project in Sumatra, which threatens the habitat of the critically endangered Tapanuli orangutan.
  • In contrast, Anies has primarily interacted with Western countries, with limited engagement with China.

Modification of China-friendly policy

  • Baca juga:
    Mixue on the march: ice cream serves soft power for China in Southeast Asia

    .

  • By engaging with China, Indonesia aims to navigate the complexities of regional geopolitics while safeguarding its sovereignty and national interests.
  • It also has a significant position as a member of the G20 group of major economies, reflecting international confidence in its economic strength.
  • In addition, Indonesia’s strategic location makes it a crucial part of China’s BRI ambitions.


Para penulis tidak bekerja, menjadi konsultan, memiliki saham atau menerima dana dari perusahaan atau organisasi mana pun yang akan mengambil untung dari artikel ini, dan telah mengungkapkan bahwa ia tidak memiliki afiliasi di luar afiliasi akademis yang telah disebut di atas.

BRI's 2023 Stellar Performance: Earning Rp.60.4T Profits

Retrieved on: 
Thursday, February 1, 2024

JAKARTA, Indonesia, Jan. 31, 2024 /PRNewswire/ -- PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) concluded 2023 with an exceptional financial performance, showcasing resilience and growth despite external challenges. The company's consolidated assets rose by 5.3% to IDR 1.965T, accompanied by a remarkable 17.5% year-on-year profit increase, reaching IDR 60.4T.

Key Points: 
  • The company's consolidated assets rose by 5.3% to IDR 1.965T, accompanied by a remarkable 17.5% year-on-year profit increase, reaching IDR 60.4T.
  • Effective risk management was another cornerstone of BRI's success, with Non-Performing Loans (NPL) controlled at 2.95% and NPL Coverage of 229.09%.
  • Despite high-interest rates, BRI achieved a 3.9% YoY deposit growth to IDR 1,358.3T by December 2023.
  • With over 740,000 agents, transactions reached IDR 1,427T in 2023, generating fee-based income of IDR 1.5T.

Global Times: Uzbekistan seeking new path to progress and prosperity with China

Retrieved on: 
Tuesday, January 23, 2024

In February 2022, President Mirziyoyev was invited to visit China to attend the opening ceremony of the Olympic Winter Games Beijing 2022.

Key Points: 
  • In February 2022, President Mirziyoyev was invited to visit China to attend the opening ceremony of the Olympic Winter Games Beijing 2022.
  • In May 2023, President Mirziyoyev attended the China-Central Asia Summit during a state visit to China.
  • With Uzbekistan implementing a 10-day visa-free policy for tourists from China, tourism cooperation between China and Uzbekistan is poised for further expansion in scale.
  • Both countries are at a critical stage of reform and development, with China comprehensively promoting the Chinese path to modernization and Uzbekistan striving for building a "New Uzbekistan."

Global Times: Kazakhstan pioneering regional connectivity together with China

Retrieved on: 
Monday, January 22, 2024

In September 2019, Kassym-Jomart Tokayev visited China for the first time as President, and China and Kazakhstan announced the establishment of a "permanent comprehensive strategic partnership."

Key Points: 
  • In September 2019, Kassym-Jomart Tokayev visited China for the first time as President, and China and Kazakhstan announced the establishment of a "permanent comprehensive strategic partnership."
  • During Tokayev's visit to China in May 2023, China and Kazakhstan signed multiple agricultural cooperation agreements.
  • In May 2023, during the meeting between the leaders of China and Kazakhstan in Xi'an, it was announced that 2024 would be designated as the Kazakhstan tourism year in China.
  • China is comprehensively promoting the rejuvenation of the Chinese nation through Chinese modernization, while Kazakhstan is building a rapidly developing and prosperous "New Kazakhstan."

Shaping International Economics and Ethical Dialogues Through the Leadership of Cheah Chyuan Yong

Retrieved on: 
Wednesday, January 17, 2024

The panel discussions delved into the Regional Comprehensive Economic Partnership (RCEP), the Belt and Road Initiative (BRI), and investment opportunities in Qingtian County.

Key Points: 
  • The panel discussions delved into the Regional Comprehensive Economic Partnership (RCEP), the Belt and Road Initiative (BRI), and investment opportunities in Qingtian County.
  • The World Anti-Corruption Conference 2023 (WACC) in Jakarta, Indonesia, convened global leaders, experts, and practitioners at the Royal Kuningan Hotel.
  • Cheah Chyuan Yong concluded the conference during the closing ceremony address with 200 participants, declaring WACC as an annual global initiative, dedicated to combating corruption and emphasizing role of empowerment in strengthening anti-corruption efforts.
  • The ISI, under Cheah Chyuan Yong's leadership, is gearing up to host the Inter-Regional Business Forum (IRBF) on March 7th and 8th, 2024, in Kuala Lumpur, Malaysia.

BRImo: The Mobile Banking Super App Driving Sustainable Growth of Bank Rakyat Indonesia

Retrieved on: 
Monday, January 15, 2024

(IDX: BBRI)'s BRImo, is an all-in-one mobile banking super app built to drive financial inclusivity, digital literacy, and elevate customer experience for digital transformation and sustainable growth.

Key Points: 
  • (IDX: BBRI)'s BRImo, is an all-in-one mobile banking super app built to drive financial inclusivity, digital literacy, and elevate customer experience for digital transformation and sustainable growth.
  • "In the competitive landscape of mobile banking in Indonesia, BRImo has significantly contributed to the sector's progress.
  • Embodying inclusivity with its 'All in BRImo' tagline, BRImo has impressive ratings (4.7 on App Store, 4.5 on Google Play Store).
  • BRI also prioritizes data confidentiality with robust security measures like PINs, OTPs, and CVVs, making your mobile banking experience safe and secure.

BRImo: The Mobile Banking Super App Driving Sustainable Growth of Bank Rakyat Indonesia

Retrieved on: 
Monday, January 15, 2024

(IDX: BBRI)'s BRImo, is an all-in-one mobile banking super app built to drive financial inclusivity, digital literacy, and elevate customer experience for digital transformation and sustainable growth.

Key Points: 
  • (IDX: BBRI)'s BRImo, is an all-in-one mobile banking super app built to drive financial inclusivity, digital literacy, and elevate customer experience for digital transformation and sustainable growth.
  • "In the competitive landscape of mobile banking in Indonesia, BRImo has significantly contributed to the sector's progress.
  • Embodying inclusivity with its 'All in BRImo' tagline, BRImo has impressive ratings (4.7 on App Store, 4.5 on Google Play Store).
  • BRI also prioritizes data confidentiality with robust security measures like PINs, OTPs, and CVVs, making your mobile banking experience safe and secure.

BRImo: The Mobile Banking Super App Driving Sustainable Growth of Bank Rakyat Indonesia

Retrieved on: 
Monday, January 15, 2024

JAKARTA, Indonesia, Jan. 15, 2024 /PRNewswire/ -- PT Bank Rakyat Indonesia (BRI) Persero Tbk.

Key Points: 
  • JAKARTA, Indonesia, Jan. 15, 2024 /PRNewswire/ -- PT Bank Rakyat Indonesia (BRI) Persero Tbk.
  • (IDX: BBRI)'s BRImo, is an all-in-one mobile banking super app built to drive financial inclusivity, digital literacy, and elevate customer experience for digital transformation and sustainable growth.
  • "In the competitive landscape of mobile banking in Indonesia, BRImo has significantly contributed to the sector's progress.
  • Embodying inclusivity with its 'All in BRImo' tagline, BRImo has impressive ratings (4.7 on App Store, 4.5 on Google Play Store).

Benefit Resource Launches Specialized Education Series

Retrieved on: 
Tuesday, January 9, 2024

ROCHESTER, N.Y. , Jan. 9, 2024 /PRNewswire/ -- Benefit Resource (BRI), a Millennium Trust solution and a leading provider of dedicated pre-tax account administration and COBRA services nationwide, today announced the launch of its New to Benefits Education Resources. The education series was developed to empower HR personnel and benefits advisors with the knowledge and confidence needed to navigate the complexities of pre-tax benefits and COBRA.

Key Points: 
  • Comprehensive consumer directed benefits and COBRA education is now accessible to new HR professionals, experienced practitioners and brokers.
  • ROCHESTER, N.Y. , Jan. 9, 2024 /PRNewswire/ -- Benefit Resource (BRI), a Millennium Trust solution and a leading provider of dedicated pre-tax account administration and COBRA services nationwide, today announced the launch of its New to Benefits Education Resources .
  • The education series was developed to empower HR personnel and benefits advisors with the knowledge and confidence needed to navigate the complexities of pre-tax benefits and COBRA.
  • BRI's new education series is a thoughtfully curated collection of frequently asked questions and well-researched answers reviewed by industry professionals and accompanied by a rich array of valuable and informative resources.

BRI's Milestones in 2023 Pave the Way for Optimism and Success in 2024

Retrieved on: 
Thursday, January 4, 2024

(IDX: BBRI) concluded 2023 with positive financial performance, national and international recognitions, and a steadfast role as a development agent.

Key Points: 
  • (IDX: BBRI) concluded 2023 with positive financial performance, national and international recognitions, and a steadfast role as a development agent.
  • "Our success not only reflects our resilience in responding to various challenges, but also our commitment to continuous growth for Indonesia," emphasized Sunarso, President Director of BRI.
  • BRI claimed the top spot in Indonesia and ranked 307th globally in Forbes International's 2023 Global 2000 list.
  • In Q1 2023, BRI achieved a robust 12.47% YoY growth, recording a profit of IDR 44.21 trillion.