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Bussiness | Economy

Warning! BPS Warns of Potential 650 Thousand Ton Decrease in Rice Production

09:15, 17 Oct 2023

The Central Statistics Agency (BPS) has announced a significant potential decrease in rice production in 2023. This decline is attributed to reduced paddy field cultivation and dry milling production (GKG) in Indonesia, caused by the prolonged effects of the El Nino phenomenon. Acting H

Bussiness | Economy

5 Months After Receiving IDR 736 Billion Funding, Flash Coffee Startup Conducts Mass Layoffs

22:47, 16 Oct 2023

Singaporean coffee startup, Flash Coffee, has decided to close all of its outlets in the country. This decision comes following the announcement of the company receiving a Series B funding of approximately $50 million or around IDR 736 billion, led by White Star Capital. On Tuesday, Oct

Bussiness | Economy

Caltech's Patent Dispute with Apple and Broadcom Nearing Conclusion

10:30, 16 Oct 2023

The billion-dollar patent dispute between the California Institute of Technology (Caltech), Apple, and Broadcom over Wi-Fi chips is reportedly on the verge of reaching a final settlement. On Wednesday, October 11, 2023, Caltech announced its plan to withdraw its patent lawsuit in the federal court o

Bussiness | Economy

Social media companies are deleting content about Palestine, says NGO

11:24, 15 Oct 2023

A non-governmental organization that monitors and documents digital violations of Palestinian content, Sada Social, has discovered efforts by social media companies to delete content related to Palestine since the Israel-Palestine conflict occurred on October 7th. As reported by the Pal

Bussiness | Economy

Publisher Rights Policy in Germany: Google Agrees to Pay UER 3.2 Million

22:00, 14 Oct 2023

Several countries are currently developing policies that require tech giants like Google and Facebook to provide compensation to media companies whose content is distributed through their platforms. In Indonesia, the policy known as "Publisher Rights" is currently under refinement, followi

Bussiness | Economy

In Anticipation of MotoGP Mandalika, 30 Private Jets Will Crowd Lombok Airport

11:23, 14 Oct 2023

AirNav Indonesia, also known as the State-Owned Air Navigation Service Provider of Indonesia, has reported that approximately 30 private jets have registered to land at Zainudin Abdul Majid International Airport in Lombok in preparation for the MotoGP event at the Mandalika Circuit on October 14-15.

Bussiness | Economy

The Government Plans to Provide Incentives for Vulnerable Industries Facing Layoffs

06:51, 13 Oct 2023

The Coordinating Minister for Economic Affairs, Airlangga Hartarto, has announced the government's plan to provide incentives to industries vulnerable to layoffs, particularly in the textile and textile product (TPT) sector operating in facilitative zones such as Bonded Zones (KB).

Bussiness | Economy

Ransomware Attack Haunts Sony, Exposing Personal Data of Thousands of Employees

12:15, 12 Oct 2023

Sony Interactive Entertainment (Sony) has confirmed that their system fell victim to a ransomware attack. The company promptly notified its 6,800 employees about the incident. This attack occurred after Sony discovered that external actors successfully exploited a zero-day security vuln

Bussiness | Economy

Artificial Intelligence for Enhancing National Food Security

17:00, 11 Oct 2023

The agricultural sector plays a pivotal role in the national economy and the achievement of Sustainable Development Goals (SDGs), particularly in attaining national food security. In the second quarter of 2023, the agricultural sector contributed approximately 13.4 percent of Indonesia's Gross D

Bussiness | Economy

Minister of Energy and Mineral Resources (ESDM) Urges Acceleration of One Price Fuel Program, Aims to Achieve 89 Distributors

19:36, 10 Oct 2023

Arifin Tasfrif, the Minister of Energy and Mineral Resources (ESDM), has instructed the Downstream Oil and Gas Regulatory Agency (BPH Migas) to expedite the implementation of the One Price Fuel program this year. Mulyono, an Expert Advisor to the Minister on Downstream Oil and Gas Governance, reveal

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