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News Update

Bussiness | Economy

KAI: Train Ticket Sales Rise by 26% Ahead of FIFA U-17 World Cup

19:11, 09 Nov 2023

PT Kereta Api Indonesia (Persero) reports a significant increase in the number of train passengers leading up to the FIFA U-17 World Cup 2023 in Indonesia. Joni Martinus, VP Public Relations of PT KAI, revealed that the sale of long-distance train tickets until Friday (10/11/2023) has reached around
Technology Update

Minister Teten to Meet with TikTok CEO This Week, Will TikTok Shop Reopen?

19:00, 08 Nov 2023

The Minister of Cooperatives and SMEs, Teten Masduki, is set to meet with the TikTok CEO to discuss the closure of the social commerce platform.   It is planned that Minister Teten will meet with the TikTok CEO later this week. This is to discuss the fate of the TikTok Shop social commerc
Bussiness | Economy

Indonesia's GDP Lags Behind Neighboring Countries, Prabowo: The Solution is the Separation of DJP and Ministry of Finance

16:47, 08 Nov 2023

Prabowo Subianto, the prospective presidential candidate from the Coalition for Indonesia's Progress, has proposed a reformation of the Ministry of Finance (MoF) as one of the programs he is offering.   The Defense Minister claims that the lower Gross Domestic Product (GDP) of Indones
Bussiness | Economy

US Banking Giant Citigroup to Lay Off 10 Percent of Employees

15:36, 08 Nov 2023

The American banking giant Citigroup is reported to be planning to reduce its workforce by 10 percent across various lines of business. This layoff plan was directly revealed by Citigroup's CEO, Jane Fraser, in September 2023. She mentioned that a major internal overhaul within the company would
Digital Investment

Once Made Ghozali Wealthy, This Startup Lays Off 50% of Employees

15:21, 08 Nov 2023

Do you still remember Ghozali, who suddenly became successful thanks to NFTs of his selfie photos? Almost two years have passed, and the platform where Ghozali sold his works, Opensea, is currently undergoing a reduction of 50% of its employees.   The prominent NFT pioneer has confirmed t
Bussiness | Economy

2023 U-17 World Cup, The Cost of Building JIS Stadium

12:59, 08 Nov 2023

The Brazilian national team praised Indonesia for its readiness as the host of the 2023 U-17 World Cup. Brazil's national team coach, Phelipe Leal, was impressed by the grandeur of Jakarta International Stadium (JIS). The 36-year-old tactician expressed that Indonesia is very serious about hosti
Bussiness | Economy

Eliminating Import Duties, Palestinian Products Now Dominate the Indonesian Market

10:05, 08 Nov 2023

Palestinian products are currently dominating the Indonesian market. Several Palestinian products are imported and freely sold in Indonesia.   In 2019, the Indonesian government removed import duties for products originating from Palestine. This decision is outlined in the Minister of Fin
Bussiness | Economy

Airlangga to Evaluate the Policy of Storing US Dollars in the Country. Here's the Reason

09:26, 08 Nov 2023

Coordinating Minister for Economic Affairs Airlangga Hartarto will evaluate the policy of mandatory US dollar storage for exporters within the country.   "We will conduct an evaluation of Foreign Exchange Earnings (DHE) because it has not been maximized in the past 3 months. We still
Bussiness | Economy

Sri Mulyani Describes Economic Growth at 4.94 Percent as Lower Than Expected

20:14, 07 Nov 2023

Minister of Finance (Menkeu) Sri Mulyani acknowledged that the actual economic growth in the third quarter of 2023 at 4.94 percent (year on year/yoy) was significantly lower than the government's expectations.   According to the BPS report, Indonesia's economic growth in the third
Bussiness | Economy

KAI's Explanation Regarding the Viral Video of Leaky Roofs at Halim High-Speed Train Station and Cawang LRT Station

17:07, 07 Nov 2023

PT Kereta Api Indonesia (Persero) or KAI has provided an explanation regarding a viral video showing leaky roofs at Halim High-Speed Train Station and Cawang LRT Station in Jakarta, due to heavy rain on Saturday night, November 4, 2023. The video has been widely circulated and became viral on variou
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