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News Update

Bussiness | Economy

Kadin: Speed of Delivery Must Match the National Logistics Strengthening Target

09:17, 18 Sep 2023

The Indonesian Chamber of Commerce and Industry (Kadin) has emphasized that the government's target to strengthen the national logistics system, a part of the Indonesia Emas 2045 vision, must be accompanied by a swift delivery ecosystem. Erwin Raza, Deputy Head of Logistics and Supp

Bussiness | Economy

The Government's Inconsistency in Dealing with TikTok Shop

18:18, 17 Sep 2023

The government, represented by the Ministry of Trade (MoT), has plans to prohibit social media platforms like TikTok from offering e-commerce services within the same application. The rationale behind this move is to safeguard domestic industries from fierce competition with imported products. &n

Bussiness | Economy

Indonesia Achieves 40 Consecutive Months of Trade Surplus

19:27, 16 Sep 2023

Indonesia's trade balance has once again recorded a surplus in August 2023. The Central Statistics Agency (BPS) reported that Indonesia's trade surplus in August 2023 amounted to $3.12 billion. This figure represents an increase when compared to the trade surplus in the previous mo

Bussiness | Economy

Minister of National Development Planning: Cost of Inter-Regional Goods Shipping Higher Than Exports

09:06, 16 Sep 2023

Suharso Monoarfa, the Minister of National Development Planning (PPN) and Head of the National Development Planning Agency (Bappenas), has revealed that the cost of shipping goods between regions in Indonesia is now significantly higher than the cost of exporting goods abroad. He made this statement

Bussiness | Economy

Rupiah Mutilation Raises Concerns: Bank Indonesia (BI) Emphasizes Non-Exchangeability

19:36, 15 Sep 2023

The current practice of rupiah mutilation is causing concerns among the public. This is because this practice mixes genuine currency with counterfeit money, which can deceive people. The practice of rupiah mutilation is increasingly detrimental to the public because this money cannot be

Bussiness | Economy

Indonesia to Launch Its Own Electric Car Brand in 2025

08:09, 15 Sep 2023

Indonesia's Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan announced on Thursday that Indonesia will launch its own electric car brand in 2025 or 2026 at the latest. Pandjaitan said the plan had the support of President Joko Widodo. To make it a re

Bussiness | Economy

Minister of Energy and Mineral Resources Rejects Industrial Gas Price Hike

18:29, 14 Sep 2023

Minister of Energy and Mineral Resources, Arifin Tasrif, has expressed his opposition to PT Perusahaan Gas Negara's (PGN) plan to adjust the prices of commercial industrial gas. The Minister of Energy and Mineral Resources has urged the state-owned enterprise to refrain from increasing prices du

Technology Update

Huawei Mate 60 Pro Selling Strong, China Targets 40 Million Phones Sold

09:15, 14 Sep 2023

The positive results achieved by the Mate 60 Pro have prompted Huawei to set ambitious targets. The technology giant aims to sell up to 40 million units of the new smartphone in 2023. Securities Times reported that Huawei increased shipments of its latest smartphones by 20% in the secon

Bussiness | Economy

Beware of the Danger of Pinpri, Loans with Interest Rates Up to 40%

19:02, 13 Sep 2023

Recently, there has been news circulating on social media about personal loans, commonly referred to as "pinpri." The term "pinpri" refers to individuals or private entities offering loan services. The requirements for obtaining these loans typically include an identity card (KTP

Bussiness | Economy

Malaysia Follows Indonesia, Stops Raw Mineral Exports

09:12, 13 Sep 2023

Malaysian Prime Minister, Anwar Ibrahim, has announced a plan to restrict the export of raw minerals, particularly rare earth metals. This step is taken to prevent overexploitation and the loss of natural resources. Rare earth metals are widely used in semiconductor chip production, ele

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