Indonesian govt seeks up to US$125bil in loans to modernise military


Japanese Defense Minister Kishi Nobuo (right) escorts Indonesian Defense Minister Prabowo Subianto (centre) at the end of a joint news conference following a signing ceremony for the “two-plus-two” meeting between the countries in Tokyo, on March 31, 2021. Prabowo has been making frequent overseas visits in search of potential defence procurement targets. - Reuters

JAKARTA (The Jakarta Post/ANN): The DefenCe Ministry is set to embark on a multibillion dollar shopping spree to moderniSe the country’s aging defense equipment in a new 25-year defence procurement plan, a draft presidential regulation reveals.

But lacking transparency has once again overshadowed the ministry’s plans to bolster Indonesia’s defence system, with military experts flagging possible conflicts of interest.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Indonesia , loans , military , modernise , defence , spending

Next In Aseanplus News

Motor racing-Norris answers his critics with first F1 title
Asean News Headlines at 10pm on Sunday (Dec 7, 2025)
Cricket-Former England captains unleash scathing verdict as Ashes dream crumbles
Motor racing-Tearful Norris takes F1 title as Verstappen wins Abu Dhabi race
Indonesia faces alarming physical activity reports, says health ministry
Thai sweetheart Lisa of Blackpink to make movie debut in action film 'Tygo' with Korean superstar Don Lee
MACC denies Rafizi's allegations it was used to probe PKR polls candidates
Hanoi becomes member of Unesco's global network of learning cities
Singapore police block top auto firm from disposing of its vehicles as money-laundering probe into car leasing firms widen
All eyes on Ee Wei-Pei Kee as women's team chase SEA Games final berth

Others Also Read