Today’s Top 3 News: Indonesia Among Top 5 Weakest Currencies in the World in 2024
TEMPO.CO, Jakarta – Tempo English compiled the top three news on Thursday, May 2, 2024. Here are the highlights: Indonesia Among Top 5 Weakest Currencies in the World in 2024; 5 Airports in Sulawesi Still Closed due to Mount Ruang Eruption; Foreign Media Highlight Luhut’s Dual Citizenship Offer for Indonesian Diaspora.
The following is the list of the top 3 news on Tempo English today:
1. Indonesia Among Top 5 Weakest Currencies in the World in 2024
Currencies reflect the stability of a country’s economy and the attractiveness of its international markets. However, some are compelled to hold weak values due to volatile economic conditions.
The high or low valuation of a currency is determined by its exchange rate against the global benchmark, the US dollar, which is the most highly valued and widely traded currency worldwide. Numerous factors, such as inflation, political stability, and dependence on certain economic sectors, influence currency exchange rates in each country.
2. 5 Airports in Sulawesi Still Closed due to Mount Ruang Eruption
A number of airports in the Indonesian airspace over Sulawesi remain closed today due to the spread of volcanic ash from the newly erupted Mount Ruang. AirNav Indonesia announced that there are at least five airports in the Sulawesi region whose operational closures have been extended, while two other airports have been declared able to operate normally.
“AirNav Indonesia has issued several new Notams (Notice to AirMen) regarding the opening and extension of the temporary closure of several airports in the Sulawesi region,” AirNav Indonesia Corporate Secretary Hermana Soegijantoro said in a written statement on Wednesday, May 1.
3. Foreign Media Highlight Luhut’s Dual Citizenship Offer for Indonesian Diaspora
Foreign media on Tuesday highlighted the Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan‘s statement that the government plans to offer dual citizenship to former Indonesian citizens to attract more skilled workers.
British news agency Reuters, Malaysian media The Stars and US media Bloomberg reported Luhut as saying this during a meeting with Microsoft CEO Satya Nadella, who pledged US$1.7 billion in investment in Indonesia.
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