Jakarta, CNN Indonesia — Japan hurry to guard their claimed frontier archipelago China. The provision of this benchmark is a form of Japanese resistance against China which continues to claim most of the South China Sea (SCS) as part of its territory. Japanese Defense Minister Nobuo Kishi confirmed that the Senkaku Islands, the disputed territory, … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) announced that it has agreed to strengthen the cooperation framework for settlement of transactions with local currency or local currency settlement (LCS) with the Ministry of Finance of Japan, today Thursday (5/8/2021). As is known, the Rupiah and Yen LCS transactions have been implemented since August 31, 2020. … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) has succeeded in entering into agreements with several countries to use local currency or local currency settlement (LCS) in trade and investment transactions. Are Malaysia, Thailand and Japan and China. Furthermore, there are three more countries that are the target of BI. “In the future, there are 3 … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) is eyeing several countries to cooperate in the use of local currency or local currency settlement (LCS) in trade and investment transactions. “In the future, there are 3 countries that will be explored for LCS cooperation, namely India, South Korea and the Philippines,” said Head of the BI … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) and Bank Negara Malaysia (BNM) have officially agreed to strengthen the framework for settlement of transactions using Rupiah-Ringgit. This means that the two central banks have agreed to no longer use the dollar exchange rate for transactions. The strengthening of the transaction settlement framework is commonly known as … Read more
Jakarta, CNN Indonesia — Bank Indonesia say RI and China will use the payment scheme local currency settlement (LCS) starting in the third quarter of 2021 or next July. This means that the settlement of bilateral transactions between Indonesia and China will use the local currencies of the two countries or no longer use the … Read more
Jakarta, CNBC Indonesia – The South China Sea (LCS) is heating up again. China and the Philippines, again arguing over the disputed sea. Most recently, Philippine Foreign Minister Teodoro Locsin Jr. threw an “F-bomb” at China. Not in the true sense, the bomb in question is criticism and insults with non -diplomatic language on Twitter … Read more
— FunPlus Phoenix presented a South Korean AD-Carry as a new addition on Tuesday. This is Chae-hwan ‘Prince’ Lee. ADVERTISING: The 20-year-old will compete with Wei-Xiang ‘Lwx’ Lin for a regular place in the LPL roster next year. Prince played for Awesome Spear in 2020 in Challengers Korea, the former South Korean league under the … Read more
Jakarta, CNBC Indonesia – United States (US) imposed sanctions on China’s third largest oil company, China National Offshore Oil Corp (CNOOC) for drilling in the South China Sea (LCS) region. Apart from CNOOC, a US blacklist was also provided to between four companies owned or controlled by the Chinese military, it was reported Reuters. Even … Read more
Jakarta, CNBC Indonesia – Tensions are reported in the South China Sea (LCS). China’s coast guard fleets are reportedly on standby at close range to the Malaysian Navy (Navy) complementary vessels. This occurred as a result of China’s efforts to ‘disrupt’ Malaysia’s exploration of hydrocarbons off the coast of Sarawak. Exploration related to drilling for … Read more