VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Chines has been struggling with a property crisis since 2021 (Photo by: BBC.com)

VOINews, Jakarta: Chinese authorities have unveiled their most significant steps yet to address the crisis that has been dragging on the country's property sector in recent years.

As reported by BBC.com (18/5), the new measures include cutting the amount home buyers need for a deposit and encouraging local authorities to purchase unsold properties.

Problems in China's property market are having a major impact on the world's second largest economy as the industry had been a key driver of growth until recently.

The People's Bank of China (PBOC) said it would set up a 300bn yuan ($41.5bn; £32.8bn) facility to support affordable housing.

The money would be aimed to support local state-owned enterprises to buy unsold homes, said Tao Ling, a deputy governor at the central bank at a news briefing.

Earlier, Vice Premier He Lifeng told officials that local governments can buy properties at "reasonable prices" and sell them as affordable housing, according to state-run Xinhua News Agency.//BBC.com/VOI

Director General of International Trade Negotiations of the Ministry of Trade, Djatmiko Bris Witjaksono held a bilateral meeting with the Director General of International Trade Negotiations of the Ministry of Foreign Trade and Tourism of Peru, José Luis Castillo in Arequipa, Peru, on Thursday (16/5/2024). (Photo by: ANTARA/HO-Kemendag)

VOINews, Jakarta: The Ministry of Trade (Kemendag) stated that Indonesia and Peru are committed to immediately starting negotiations on the Indonesia-Peru Comprehensive Economic Partnership Agreement (IP-CEPA).

As quoted by Antara, Director General of International Trade Negotiations of the ministry, Djatmiko Bris Witjaksono, stated that this was a follow up to the launch of IP-CEPA carried out by the Indonesian and Peruvian ministers in August 2023.

The launch was conducted by Indonesian Trade Minister Zulkifli Hasan and Peruvian Minister of Foreign Trade and Tourism Juan Carlos Mathews Salazar.

"We discussed plans for the First Round of IP-CEPA negotiations that will take place after the APEC meeting," Witjaksono noted in a statement from the Ministry of Trade in Jakarta, Saturday.

"This is a form of serious commitment from both parties to start negotiations that were launched last year and are targeted to be completed as soon as possible," he remarked.

Witjaksono stated that Indonesia had submitted a proposal and timeline regarding the number of rounds of negotiations to be carried out until substantial completion.

According to Witjaksono, the negotiations will start soon, and several rounds must be held every month. Peru is said to be responding positively, albeit must first study internally and adjust to the schedule.

Furthermore, Peru is one of the important countries for strengthening Indonesian trade in South America.

"The partnership with Peru is very important because it will open a more intensive path with the Latin American region," Witjaksono stated.

In the January-February 2024 period, total trade between Indonesia and Peru had reached US$67.2 million.

During that period, Indonesia's exports to Peru were recorded at US$42.9 million, while Indonesia's imports from Peru were recorded at US$24.3 million, so Indonesia enjoyed a surplus of US$18.6 million.

Meanwhile, in 2023, total trade between the two countries reached US$444.3 million, with the value of Indonesia's exports to Peru amounting to US$367.4 million and Indonesia's imports from Peru amounting to US$111.8 million.

Thus, Indonesia enjoyed a trade surplus of US$290.4 million with Peru.

In 2023, Indonesia's main exports to Peru included cars and other motorized vehicles, biodiesel and its mixtures, textile footwear, leather footwear, and uncoated paper and cardboard.

Meanwhile, Indonesia's main imports from Peru include cocoa beans, fresh or dried grapes, mineral or chemical phosphate fertilizers, unwrought zinc, and metal slag.//Antara/VOI.

Siak District Deputy Head Husni Merza and Head of the Siak Library and Archive Office Salmiah Safitri symbolically receiving aid from the central government in the form of a mobile library and 25 thousand books in Jakarta on Friday (May 17, 2024).  (Photo by: ANTARA/HO-Pemkab Siak)

VOINews, Jakarta: The National Library (Perpusnas) provided Siak District, Riau Province, with a mobile library wagon and 25 thousand books in commemoration of National Book Day 2024 on Friday (May 17).

As quoted by Antara, During a commemorative event held in Jakarta, Vice President Ma'ruf Amin symbolically handed over the mobile library and thousands of books to Siak District Deputy Head Husni Merza and Head of the Siak Library and Archive Office Salmiah Safitri.

In Siak, on Saturday, Merza expressed hope that the grants would enhance access to reading materials expected to boost the reading interest of Siak residents, especially those from younger generations.

"We hope that this assistance will help us boost Siak residents' love for reading, especially the youngsters. Hopefully, they will be encouraged to read to broaden their insights and knowledge," he remarked.

The deputy district head then emphasized the need for libraries to keep making innovations to attract a broader population to nurture love for reading.

Merza said he envisions libraries in Siak as popular places of the district's residents while noting that the Siak Reading House has been operational since 2010.

The official then stated that Siak would have a regional library that is expected to emerge as a center for literacy and education for the people.

At Friday's event, Acting Head of Perpusnas, Aminuddin Azis, affirmed his institution's commitment to solidifying the reading culture and literacy of the people in order to build a reading-loving and highly literate community.

"This is in line with the directives of President Joko Widodo and Vice President Ma'ruf Amin concerning the need to produce superior human resources to achieve the Golden Indonesia 2045 vision," he stated.//Antara/VOI

Youth and Sports Minister Dito Ariotedjo chairing a PON coordination meeting in Medan, North Sumatra, on Friday (May 17, 2024). (Photo by: ANTARA/HO-Humas Kemenpora/Herry)

VOINews, Jakarta: Preparations for this year's quadrennial national sports event, the 21st National Sports Week (PON) Aceh-North Sumatra, have almost reached completion, according to Youth and Sports Minister Dito Ariotedjo.

As quoted by Antara "Overall, the preparations are well done. I think we only need to take some more minor steps prior to the holding of the event," he noted in the Youth and Sports Ministry's statement received in Jakarta on Saturday.

While chairing a PON preparation coordination meeting in Medan, North Sumatra Province, on Friday (May 17), Ariotedjo observed that the province is ready to co-host the national event but still needs to speed up some technical and non-technical preparations.

The minister also affirmed that the 21st PON would be held as initially planned on September 8-20, dismissing rumours about postponement circulating in the public.

"It should be noted that this year's PON will be the first to take place in two provinces. Hence, adaptation is required. There will be no postponement, as both North Sumatra and Aceh have been showing cohesiveness and progress," he stated.

During the meeting, Ariotedjo also spoke about the plan to organize the National Paralympics Week (Peparnas).

"It (Peparnas) has been under discussion. We will highlight it during a meeting with Mr. President (Joko Widodo). We will take necessary steps posthaste," he said.

Meanwhile, Acting North Sumatra Governor Hassanudin expressed optimism about his province becoming a successful co-host and participant of the upcoming PON.

"We would like to thank Mr. Minister for his presence here and his support for our preparations for PON. As a co-host, we surely hope for a successful and smooth running event," he remarked.

During the 21st PON, Aceh will host 33 sports branches involving 5,636 athletes and 2,572 officials. Meanwhile, North Sumatra will accommodate 34 sports branches, with 6,281 athletes and 3,140 officials participating.//Antara/VOI