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News Update

Digital Investment

BEI Breaks Record for Highest Number of IPOs Since 1990

08:39, 10 Oct 2023

The Indonesia Stock Exchange (BEI) has made history by registering 68 companies in Initial Public Offerings (IPOs) worth IDR 49.60 trillion, surpassing the previous record set in 1990 with only 66 initial stock listings. BEI also solidifies its position as the exchange with the highest number of IPO

Bussiness | Economy

Money Flow at Mandalika's MotoGP Aims for Over Rp 4.5 Trillion

18:36, 09 Oct 2023

The MotoGP Mandalika 2023, also known as the Pertamina Grand Prix of Indonesia (Indonesian GP) 2023, will take place from October 13 to 15, 2023, at the Mandalika International Circuit in Lombok, West Nusa Tenggara (NTB). This international racing event is expected to have a significant economic imp

Technology Update

X Pays Content Creators IDR 309 Billion to Increase Engagement and Revenue

09:57, 09 Oct 2023

Platform X, formerly known as Twitter, has paid around IDR 309 billion to content creators in recent months. X CEO Linda Yaccarino revealed the platform's significant investment in its creator community. This initiative allows verified users with more than 500 followers to earn a share of the ad

Bussiness | Economy

BI Calls September 2023 Inflation Under Control Thanks to Monetary Policy

07:37, 08 Oct 2023

In September 2023, Indonesia recorded well-maintained inflation at 3.01%. Erwin Haryono, the Head of the Communication Department at Bank Indonesia, stated that the Central Statistics Agency (BPS) reported a Consumer Price Index (CPI) inflation rate of 0.19% in September. This figure is lower than t

Bussiness | Economy

Apindo Cautions of Potential Year-End 2023 Price Surge: Analysis of Monthly Inflation and Food Price Stability Strategies

06:37, 07 Oct 2023

The monthly inflation rate for September 2023 stood at 0.19%, with rice prices contributing significantly with a 0.18% increase. The Central Bureau of Statistics (BPS) considers this change noteworthy, especially given the 0.02% deflation in August 2023. In response to this, the Indones

Bussiness | Economy

Digitalization of MSMEs: More than 22 Million Businesses Join the Digital Ecosystem in Indonesia

08:32, 06 Oct 2023

As of August 2023, approximately 22.81 million Micro, Small, and Medium Enterprises (MSMEs) in Indonesia have undergone digitalization and joined online platforms. This achievement is approaching the government's target of having 30 million MSMEs integrated into the digital ecosystem by 2024. Mi

Technology Update

Oppo's Impressive AI Model, AndesGPT, Ranked Just Below GPT-4

11:15, 05 Oct 2023

Oppo is making significant strides in artificial intelligence (AI) development with the creation of their AI chatbot, AndesGPT. What's remarkable is that AndesGPT ranks second, just below OpenAI's GPT-4, in terms of knowledge and encyclopedia capabilities. The Xiaobu Assistant,

Technology Update

Indonesia Aims to Enter the Top 10 in Global 5G Internet Speeds

11:21, 04 Oct 2023

The Indonesian government, through the Ministry of Communication and Informatics, is steadfast in its efforts to elevate Indonesia's internet speed rankings to the top 10 globally with the implementation of 5G networks. Minister Budi Arie acknowledges that Indonesia's internet speed continue

Bussiness | Economy

Indonesia Must Be Cautious, Vietnam's Economy Surges in Q3 2023

19:10, 03 Oct 2023

Vietnam's economy recorded a growth of 5.3% in the third quarter of 2023, which is an interesting development given that many experts predicted a continued pessimistic outlook for the Southeast Asian markets. The Vietnamese government had set a target economic growth rate of 6.5%, and according

Bussiness | Economy

Jokowi Officially Launches Whoosh, High-Speed Train Jakarta-Bandung

09:13, 03 Oct 2023

President Joko Widodo, commonly known as Jokowi, inaugurated the Jakarta-Bandung High-Speed Train (JBHST) with the name 'Whoosh' on Monday, October 2, 2023, at Halim Station, East Jakarta. "This Jakarta-Bandung High-Speed Train marks our efficient, environmentally-friendly,

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