May 29, 2026 | 06:31 pm
President Prabowo Subianto meets with French President Emmanuel Macron at the lyse Palace in Paris, France, April 14, 2026. Photo by Muchlis Jr/Presidential Secretariat Press Bureau.
TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Friday, May 29, 2026. Here are the highlights: Macron: Rafale Jet Arrival Highlights Strong France-Indonesia Ties; Prabowo, Macron Talk Defense, IEU-CEPA Deal in Paris Meeting; and Why Export Proceeds Rules Do Not Automatically Boost Foreign Exchange Reserves. The following is the list of the top 3 news on Tempo English today: 1. Macron: Rafale Jet Arrival Highlights Strong France-Indonesia TiesPresident Prabowo Subianto paid a state visit to the Elysee Palace in Paris on Thursday, May 28, 2026, where French President Emmanuel Macron described Indonesia as an important strategic partner for France in the Indo-Pacific region.During a joint statement, Macron highlighted the growing cooperation between the two countries, particularly in the defense sector, marked by the arrival of the first Rafale fighter jet in Indonesia. Read the full President Macron statement here.2. Prabowo, Macron Talk Defense, IEU-CEPA Deal in Paris MeetingIndonesian President Prabowo Subianto held a bilateral meeting with his French counterpart Emmanuel Macron at the Élysée Palace, Paris, France, on Thursday, May 28, 2026. The two state leaders discussed various sectors during the meeting.Prior to a joint press statement with Macron, Prabowo mentioned that several strategic issues would be the highlight of their discussions. This includes the implementation of the comprehensive economic partnership agreement between Indonesia and the European Union (IEU-CEPA). Read the complete statement here. 3. Why Export Proceeds Rules Do Not Automatically Boost Foreign Exchange ReservesResearcher at the Center of Reform on Economics (CORE) Indonesia, Yusuf Rendy Manilet, assessed that Changes to the Export Proceeds Exchange (DHE) rules for natural resources might not automatically strengthen the country's foreign exchange reserves. He explained that foreign exchange placed in state banks' special accounts still belongs to exporters and does not automatically become part of Indonesia's foreign exchange reserves.Yusuf pointed out that while the DHE does increase the supply of dollars in the domestic banking system, it does not necessarily enter Bank Indonesia's foreign exchange reserves unless it is converted or transacted with the central bank. Read the full explanation here.Click here to get the latest news updates from Tempo on Google News
