While many international oil and gas giants are declining to invest in Indonesia, especially given currently low commodity prices, PetroChina International Companies in Indonesia vows to continue expanding business in the archipelago, using its enhanced oil-recovery technique to take up a bigger proportion of the sector in the energy-rich country.

However, Indonesia lacks infrastructure to reach those resources in rural areas across a sprawling archipelago of more than 18,000 islands, S&P said.

On August 21, Hainan State Farms' Singapore-based subsidiary trading firm R1 International Pte Ltd acquired 45 percent of equity of PT Kirana Megatara Ltd, the largest producer of crumb rubber in Indonesia, and 62.5 percent of equity of Singapore-based Archipelago Rubber Trading Co Ltd, at a total price of $137 million.

Indonesia has been on track to promote EV use in the archipelago and the region amid an energy transition to reduce emissions.

In 2019, about 2.07 million Chinese tourists visited the archipelago, according to Statistics Indonesia.

"ADB is committed to supporting the Philippine government as it pursues more inclusive growth across the archipelago.

Japan said the DPRK fired on Tuesday morning a missile which fell into the Pacific Ocean after passing over the Japanese archipelago.