Bappebti Answers Ombudsman’s Summons on Delayed Crypto Bourse

The Ombudsman had prepared 15 questions regarding the delayed crypto bourse permit to be asked to Bappebti’s officials.

#ECONOMY

Ombudsman Summons Bappebti amid Protracted Delay in Crypto Bourse Launch

The Indonesian government originally wanted to introduce the crypto bourse in 2021 but was delayed due to the complexity of the procedures. 

FEBRUARY 07 #ECONOMY

Indonesia Reports $2 Billion Rise in Forex Reserves

The reserves were adequate to meet foreign exchange needs for six months of import and the government's external obligations.  

FEBRUARY 07 #ECONOMY

ASEAN Countries in Talks for Regional EV Ecosystem

Under its chairmanship, Indonesia will try to push for a ASEAN EV ecosystem in a bid to turn the region into an epicentrum of growth.

FEBRUARY 06 #ASEAN

Coal Prices Will Continue to Slip until Q3: Analyst

The sharp decline of coal price also affects coal miners in ASEAN, thus putting their income at risk.

FEBRUARY 06 #COMMODITY

From Nusantara to Railway, Poland Seeks to Expand Investments in Indonesia

Countries like Poland can be subcontractors who can export IT solutions or build roads and trains in Nusantara, the envoy said.

FEBRUARY 04 #INTERNATIONAL

Bappebti Alleged of Maladministration over Crypto Bourse License

Bappebti under the suspicion of maladministration in its process of building the country’s crypto ecosystem, including the postponed bourse.

FEBRUARY 04 #POLICY

Moderate yet Destructive Earthquake Takes Heavy Toll of Lives in Cianjur

The quake was in a shallow depth, about 10 kilometers in the earth’s outer surface, to produce devastating impacts on people and buildings.

November 22 #EYEWITNESS

Gov't Edible Oil Brand in Great Demand but Supplies Drop Sharply

The Trade Ministry launched Minyakita last year with a ceiling price of Rp 14,000 per liter.

FEBRUARY 03 #ECONOMY

Indonesia Drafts New Incentives for EV Charging Stations

The government is also optimistic that Indonesia will become one of the three largest EV battery manufacturers in the world by 2027.

FEBRUARY 03 #POLICY

Sarinah Duty Free: Govt’s Global Dream for Local Businesses

This event is not only a grand opening of a venue but it carries also a dream from SOE Ministry to introduce local products internationally.

FEBRUARY 01 #LIFESTYLE

UK Minister for Exports Visits Jakarta to Discuss Railway Projects 

The UK Export Finance has expressed interest to provide $1.25 billion worth of financial support for the development of MRT Jakarta.

FEBRUARY 01 #INTERNATIONAL

Is Sri Mulyani the Next Central Bank Governor? Hear Jokowi’s Response

Sri Mulyani has served as a finance minister under two presidents, including during the first term of President Susilo Bambang Yudhoyono.

FEBRUARY 01 #ECONOMY

Indonesia Mulls Halting Copper Ore Exports

Last month, the president announced a ban on all bauxite exports starting in June 2023 under the so-called downstream industry policy.

JANUARY 31 #POLICY

Decade-Old él Hotel International Cautiously Optimistic for 2023

él Hotel International on Monday celebrated its ten-year anniversary, and the hotel management chain is cautiously optimistic for this year.

JANUARY 31 #CORPORATE UPDATES

ASEAN BAC Chair Indonesia to Work on Regional QR Code Payment

The ASEAN Business Advisory Council, or ASEAN BAC, is planning to work on integrating their respective countries' QR code payment systems.

JANUARY 31 #ECONOMY

Fintech Aggregator Cermati Eyes Bonds, Digital Gold

Bonds are a low-risk investment with a good return, and this has driven up its popularity among Indonesians.

JANUARY 28 #CORPORATE UPDATES

Freeport's Manyar Smelter to Pave Way for Indonesia’s EV Ecosystem

Freeport’s Gresik smelter will finish construction by 2023-end.

JANUARY 27 #CORPORATE NEWS

New Capital Nusantara Has 140 Infrastructure Projects: Gov't

South Korea has agreed to invest a total of $6.37 billion in the megaproject, and possibly generate 58,000 jobs.

JANUARY 27 #ECONOMY

S. Korea to Make Indonesia Production Base in ASEAN with IK-CEPA

South Korean investment in Indonesia is expected to grow by an average of 15.59 percent in the fifth year of IK-CEPA’s implementation.

JANUARY 26 #ECONOMY

Gov’t Earmarks Rp 476 Trillion for Post-Pandemic Social Assistance

The Covid-19 pandemic is believed to be on course to become endemic.

JANUARY 26 #ECONOMY