Australia and Indonesia seal treaty-level defense pact

Australia and Indonesia seal treaty-level defense pact


National flags of Indonesia and Australia flutter before a meeting between Indonesia’s Defence Minister Prabowo Subianto and Australia’s Deputy Prime Minister and Defence Minister Richard Marles at the office of the Defence Ministry in Jakarta on February 23, 2024.

Yasuyoshi Chiba | Afp | Getty Images

Australia and Indonesia agreed a treaty-level defense cooperation agreement which allow Australian and Indonesian militaries to operate from each other’s countries, Australian Prime Minister Anthony Albanese said on Tuesday.

“It will be a vital plank for our two countries to support each other’s security, which is vital to both countries, but also to the stability of the region that we share,” Albanese told a joint press conference in Canberra with Indonesia President-elect Prabowo Subianto.

Australia and Indonesia share the world’s longest maritime boundary and already collaborate on a number of issues, including security, people-trafficking and drug smuggling.

“The map really determines that Australia and Indonesia as the closest of neighbours have a shared destiny, but from this moment forth, that destiny is very much defined by deep strategic trust,” Australian Defense Minister Richard Marles said.

Australia has struck a number of defense deals in recent years, most notably the AUKUS military alliance with the United States and Great Britain that angered China.

Prabowo said at a forum last November that Indonesia was committed to its policy of non-alignment and would keep good ties with both China and the United States.



Source

JPMorgan thinks Kospi’s torrid AI rally could have another 25% or more to run
World

JPMorgan thinks Kospi’s torrid AI rally could have another 25% or more to run

Investment banks are scrambling to raise targets for South Korea’s benchmark index as a blistering artificial-intelligence rally powered by semiconductor giants shows little sign of slowing, with JPMorgan now projecting the Kospi could climb another 25% or more. The bank on Monday raised its bull-case target for the Kospi to 10,000 from 9,000, implying gains […]

Read More
European markets set to open in mixed territory as Iran’s peace talks stall
World

European markets set to open in mixed territory as Iran’s peace talks stall

Traders work on the floor of the New York Stock Exchange (NYSE) on May 6, 2026 in New York City. Spencer Platt | Getty Images LONDON — European stocks are expected to open in mixed territory on Monday as investors digest the latest impasse in peace negotiations between the U.S. and Iran. The U.K.’s FTSE […]

Read More
Singapore flags weaker tourism spending as global travel industry faces uncertainty
World

Singapore flags weaker tourism spending as global travel industry faces uncertainty

The view from the rooftop pool of the Marina Bay Sands resort hotel, which overlooks the financial district skyline of Singapore. Anthony Wallace | Afp | Getty Images Singapore, long viewed as a bellwether for the global economy, expects tourism spending to soften this year despite forecasting another increase in visitor arrivals, reflecting concerns that […]

Read More