Australia’s prime minister in Indonesia for talks on investment, climate change

Australia’s prime minister in Indonesia for talks on investment, climate change


Australian Prime Minister Anthony Albanese speaks to media on June 5, 2022. Australian Prime Minister Anthony Albanese was in Indonesia on Monday to meet its President Joko Widodo and shore-up relations between the two neighbors, in his first bilateral visit since being elected last month.

Matt Jelonek | Getty Images News | Getty Images

Australian Prime Minister Anthony Albanese was in Indonesia on Monday to meet its President Joko Widodo and shore-up relations between the two neighbors, in his first bilateral visit since being elected last month.

Albanese is expected to discuss trade, investment, climate change and security with Jokowi, as the Indonesian leader is popularly known, and will be accompanied by an Australian business delegation.

The trip comes as Australia’s new Labor government, which ended almost a decade of conservative rule in a May 21 election, puts greater focus on relations with Southeast Asia and climate change, an issue crucial to its Pacific neighbors, as it navigates ties with a more assertive China.

“I look forward to productive discussions about our shared priorities on climate and energy, investment, and regional security,” Albanese said on Twitter.

The Australian delegation includes Trade Minister Don Farrell and Foreign Minister Penny Wong.

Wong, who previously said Indonesia did not get the attention it deserved under the former Prime Minister Scott Morrison, met with Indonesian counterpart Retno Marsudi on Sunday.

Albanese was also scheduled to meet Lim Jock Hoi, the Jakarta-based secretary general of the 10-member Association of Southeast Asian Nations (ASEAN), before heading to Makassar in eastern Indonesia.

Albanese has expressed a desire to strengthen ties with ASEAN, at a time of geopolitical rivalry in the Pacific and on Sunday said the delegation with him underlined Indonesia’s importance to Australia.

“We have serious business leaders from Australia here because they want to deepen the economic ties between Australia and Indonesia,” he told reporters.



Source

British utility SSE seeks to raise .7 billion for grid investments, shares soar 
World

British utility SSE seeks to raise $2.7 billion for grid investments, shares soar 

The chief executive of British power firm SSE says a rapid build-out of renewable projects can help the U.K. to secure its energy security and bring costs down for consumers. Lindsey Parnaby | Afp | Getty Images British utility SSE unveiled a 33 billion pound five-year investment plan on Wednesday, including a 2 billion pound […]

Read More
Mortgage demand from homebuyers hits highest level since September, despite rising interest rates
World

Mortgage demand from homebuyers hits highest level since September, despite rising interest rates

An aerial view of a housing development on Aug. 8, 2025 in Las Vegas, Nevada. Justin Sullivan | Getty Images As the housing market heads into its traditionally slowest season, homebuyers are making one last gasp, likely due to more supply on the market and softening prices. Mortgage applications to purchase a home rose 6% […]

Read More
India inflation cools more than expected in October, boosting hopes for further rate cuts
World

India inflation cools more than expected in October, boosting hopes for further rate cuts

A man pushes a trolley inside a supermarket in Mumbai, India, on September 7, 2025. (Photo by Indranil Aditya/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images India’s consumer inflation cooled to 0.25% in October, strengthening hopes of more policy easing by the Reserve Bank of India. The headline inflation number was below estimates […]

Read More