VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

FILE PHOTO: Members of the New Zealand Defence Force (NZDF) Joint Task Force assist in delivering ballot boxes by NH90 helicopter to remote areas of the Solomon Islands ahead of the upcoming election, Solomon Islands, in this handout image released on April 17, 2024. New Zealand Defence Force/Handout via REUTERS/File Photo - 

VOInews, Solomon Island : The Solomon Islands election, watched by China and the US for its impact on regional security, is shaping up as a tight race with opposition parties gaining seats and independents holding the key to forming the next government.

Last week's national election was the first since Prime Minister Manasseh Sogavare struck a security pact with China in 2022, drawing the Pacific Islands nation closer to Beijing. The move concerned the US and neighbouring Australia because of the potential impact on regional security.

Counting for several seats continued on Monday (Apr 22), as results showed the opposition CARE coalition drawing level with Sogavare's OUR party on 12 seats in a 50-seat parliament.

Independents and micro parties took 16 seats, and the major parties will seek to win independent support in negotiations this week in the race to form a government.

CARE includes Matthew Wale's Solomon Islands Democratic Party, U4C and the Democratic Alliance Party. Another prominent opposition party, Peter Kenilorea Jr's United, which said it would scrap the China security pact, won seven seats.

One source with direct knowledge told Reuters two independent candidates had joined CARE on Monday, and unofficial results showed it had won two more seats, which would take its numbers to 16.

High-profile former prime minister Gordon Darcy Lilo returns to parliament after a decade, as the only winning candidate for the Party for Rural Advancement.

Daniel Suidani, the former premier of Malaita province and a prominent critic of China, regained his seat in the provincial assembly in Malaita, and said on Monday his party, U4C, hoped to regain the premiership.

Provincial and national elections were held on the same day.

"It looks as though the CARE coalition - U4C, DAP and SIDP - are very shortly joining with some other independent candidates, so it is looking good," Suidani told Reuters in a telephone interview on Monday, adding the process could take a number of days.

Sogavare's office did not respond to a request for comment.

In excerpts of an interview with Solomon Islands' Tavuli News on Monday, Sogavare pledged there would be "a lot of reforms" if his government is returned.

Two women enter parliament for the first time as independents.

Police and defence forces from Australia, New Zealand, Papua New Guinea and Fiji are assisting with election security.

The election process had been peaceful, although there were a few disturbances in Malaita by supporters of losing candidates, two officials in Malaita said//Reuters, CNA - VOI

FILE PHOTO: Bank Indonesia's logo is seen at Bank Indonesia headquarters in Jakarta, Indonesia, January 17, 2019. REUTERS/Willy Kurniawan/File photo - 

VOInews, BENGALURU : Bank Indonesia will cut its key interest rate next quarter and again in the fourth quarter, later than previously expected, as inflation rises and the rupiah weakens on renewed hawkishness from the U.S. Federal Reserve, a Reuters poll found. 

A major hurdle for the central bank, whose main mandate is currency stability, will be cutting rates too soon as the rupiah hit a four-year low on Wednesday after comments from U.S. Federal Reserve officials boosted the dollar.

Inflation touched a seven-month high last month and moved closer to the upper limit of Bank Indonesia's (BI) 1.5 per cent-3.5 per cent inflation target range, suggesting policy rates would need to remain higher for longer.

Over 80 per cent, or 29 of 35, of the economists in the April 16-22 poll expected the central bank to hold its benchmark seven-day reverse repurchase rate at 6.00 per cent at its April 23-24 meeting. Six expected a quarter-point hike.

"We recently pushed back our first rate cut forecast ... given the movement of the rupiah on the back of fewer rate cuts expectation from the Fed by the market," said Makoto Tsuchiya, an economist at Oxford Economics.

"If the central bank were to deter further currency weakness, a 25 bps (basis points) hike is unlikely to do much ... BI will defend its currency by forex market intervention if necessary."

Median forecasts showed the first quarter-point cut coming next quarter, compared to expectations for a cut in the second quarter in a poll in March, followed by another reduction to 5.50 per cent by the end of December, versus 5.25 per cent seen previously.

That was in line with expectations around the Fed as a recent poll showed the first U.S. rate cut has likely been pushed to September.

Among those who provided interest rate forecasts for the third quarter with nearly two-thirds, 21 of 32 economists expect them to be 5.75 per cent or lower. But seven saw rates at 6.00 per cent and four at 6.25 per cent.

"We think the likelihood of a rate hike has risen ... BI is more likely to stay patient and proceed with care, not chasing the initial Fed cut," said Brian Tan, an economist at Barclays.

Only Barclays expected interest rates to be at 6.25 per cent by the end of the year.

There was a clear hawkish shift among economists as over half of the contributors, 15 of 26, raised their fourth quarter forecasts from a March poll. While 10 kept them unchanged, one lowered their rate expectation.

"For Indonesia, the prime driver of monetary policy action is Fed action, not necessarily inflation unless it goes way beyond target," said Kunal Kundu, an economist at Societe Generale.

"Headline inflation remaining above its (BI's) median target of 2.5 per cent suggests that the trajectory of ... rate-easing cycle could be shallow."

While inflation was expected to average 2.9 per cent this year and 3.0 per cent in 2025, economic growth was seen steady at 5.0 per cent in 2024 from 5.05 per cent in 2023 and is forecast to be 5.1 per cent next year.

(For other stories from the Reuters global economic poll)//VOI

President Joko Widodo delivers his remarks while officiating Panua Airport, the newest domestic airport in Pohuwato District, Gorontalo Province, Monday (April 22, 2024). ANTARA/HO-Diskominfotik Provinsi Gorontalo/nbl - 

VOInews, Gorontalo : President Joko Widodo (Jokowi) expected Panua Airport, the newest domestic airport in Gorontalo Province's Pohuwato District to bolster the regional economy as well as the mobility of passengers and logistics.

"I am glad, praise be to God that Panua Airport in Pohuwato District has been completed. Transportation Minister (Budi Karya Sumadi) told me that Rp473 billion (US$29.14 million) has been spent for the development," the president stated while officiating the airport here on Monday.

He said the airport development proved Indonesia is keen to make faster progress in its national economy and development.

"(It is) because in the future, the case is not larger countries that overpower smaller countries, but countries (whose development) progress is faster will beat countries who lag behind," Jokowi stated.

The president also instructed Panua Airport's runway of 1,200 x 30 meters to be extended to allow larger aircraft to land.

"I instructed (officials) to take measures to extend the runway length this year, if possible, or next year by the latest," he remarked.

Meanwhile, Minister Sumadi stated that the airport is one of the president's commitments to ensuring equitable development across the country.

"The airport is one of the legacies of the president who always instructs us to develop airports in all corners of the nation," the minister said.

He highlighted that the high budget of Rp473 billion disbursed for Panua Airport's development aims to improve the soil condition in the airport area before the construction commences.

The president arrived at Panua Airport for the inauguration on Monday at 7:51 a.m. local time. He departed from Djalaluddin Airport in the province's capital aboard an ATR 72-600 aircraft, the largest aircraft currently being served at the new airport.

Before being officially opened by the president, the inaugural flight from and to Panua Airport had taken place on February 18, 2024//Antara - VOI

Mount Ruang of Sitaro District, North Sulawesi, erupts. (17/4/2024). (ANTARA/HO-PVMBG) - 

VOInews, Jakarta : The Center for Volcanology and Geological Hazard Mitigation (PVMBG) on Sunday has lifted a tsunami advisory previously issued following the eruption of Mount Ruang in Sitaro District of North Sulawesi Province.

"The potential for large eruptions is decreasing, so the chance for tsunamis to occur is less likely," said Head of PVMBG Hendra Gunawan in a statement received here on Sunday.

On April 1-21, 2024, until 12:00 local time (GMT+8), PVMBG recorded as many as 10 eruptions on Mount Ruang starting on April 16, at 1:37 p.m. local time.

A major eruption occurred on April 17, at 8:15 p.m. local time. The continuous eruption was accompanied by rumbling sounds and vibrations felt up to the Mount Ruang Observation Post in Tulusan Village, Tagulandang Sub-District.

Explosive eruptions occurred on Ruang Island, followed by the release of incandescent material and hot clouds. Meanwhile, Tagulandang Island was raining stones and sand, spewed from the volcano which is 10 kilometer away. 

The results of visual monitoring carried out by PVMBG on April 21, until 12:00 local time recorded thick white smoke as high as 200 meters from the main crater and no eruption was observed.

"This showed a decrease in eruptive activity on Mount Ruang," said Gunawan. 

On April 21, from 00:00-12:00 local time the PVMBG recorded 25 shallow volcanic earthquakes and 19 deep volcanic earthquakes.

The PVMBG team has installed a seismic monitoring station at the Mount Ruang Observation Post which is about five kilometers from the peak to monitor the activity of the volcano//Antara - VOI