Indonesia’s Overseas Graduates Can Bring Home Economic Benefits

International study experience can boost the graduate’s employability which will in turn help spur economic growth.

#EDUCATION

Gov’t Spending to Top Rp 3,000 Trillion in 2023

Spending on education and healthcare will continue to take the biggest share of the budget, amounting to Rp 612.2 trillion.

DECEMBER 01 #ECONOMY

Australian Court Rules in Garuda's Favor in Winding Up Suit Filed by Greylag

The ruling came three days after the Paris Commercial Court also dismissed the bankruptcy lawsuit filed by Greylag.

NOVEMBER 30 #CORPORATE NEWS

Indonesia to Appeal WTO Ruling on Nickel Export

After nickel, the government will also ban the export of raw bauxite and tin to attract foreign investment in downstream industries.

NOVEMBER 30 #COMMODITY

Bulog Mulls Importing Rice as Stock Drops by Half

Bulog currently has nearly 598,000 tons of rice while the government has tasked the agency to keep reserve at 1.2 million tons.

NOVEMBER 29 #COMMODITY

Jakarta Minimum Wage Set at Rp 4.9 Million/Month

The central government allows district and provincial governments to raise the minimum wage by a maximum of 10 percent.

NOVEMBER 28 #ECONOMY

Government Debt Nears Rp 7,500 Trillion

A vast majority of government debt, or 89 percent, is in the form of state bonds, equivalent to Rp 6,670 trillion.

NOVEMBER 28 #ECONOMY

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

Lion Group Controls 60% of Domestic Aviation Market

The total number of domestic air passengers stood at just 33.4 million last year, the lowest in more than a decade due to Covid-19.

NOVEMBER 26 #TRANSPORTATION

Gov’t Provides Subsidies to Keep Electric Bus Fares Cheap

The government will supply Surabaya and Bandung electric buses manufactured by state-owned engineering company INKA.

NOVEMBER 22 #TRANSPORTATION

West Java Apindo Objects to New Minimum Wage Rule

The minimum wage in several West Java districts can historically exceed Rp 5 million if a 10 percent rise is imposed.

NOVEMBER 19 #ECONOMY

Gov’t Sets 10% Ceiling on Minimum Wage Rise for 2023

The ministerial decree obliges all governors to decide on next year’s provincial minimum wage by November 28 at the latest.

NOVEMBER 19 #ECONOMY

Intibios to Bolster Yogyakarta's Health Sector: Governor

The recently inaugurated Intibios Lab, Klinik & Farmasi is expected to bolster the region’s health sector particularly for its elderly.

NOVEMBER 16 #CORPORATE NEWS

Indonesia, Sun Cable Join Hands to Unlock $115b Green Industry Potential

Both parties are committing to inter-island grid connectivity policy and technical program development. 

NOVEMBER 16 #ENERGY & MINERALS

'Lesson Learned': EU Outlines Plan to Depart from Russian Oil at Bali Summit

EU's dependency on Russian energy is unhealthy, unreliable, and unsustainable, Ursula von der Leyen told world leaders in Bali.

NOVEMBER 15 #INTERNATIONAL

‘You See a Different Indonesia Today’: Luhut Boasts Gov’t Achievements at B20

Luhut said Indonesia’s macroeconomic indicators are among the best in the G20 with strong growth, low inflation, and rising exports.

NOVEMBER 13 #ECONOMY

Hyundai Vows ‘Bold Decisions’ on Clean Energy during B20 Summit

Hyundai Motor and Kia will sell only electric vehicles with no carbon emissions by 2040 in major markets, starting with Europe in 2035.

NOVEMBER 13 #CORPORATE NEWS

Trade Protectionism Worse than 10 Years Ago, Jeffrey Sachs Tells B20 Delegates

The US has resorted to protectionism due to widening income inequalities over the last 30 years and declining manufacturing jobs at home.

NOVEMBER 13 #INTERNATIONAL

B20 Forum Warns No Single Company, Country Can Fix World Problems Alone

A chief priority of Indonesia’s B20 is to champion development that is inclusive of all stakeholders and vulnerable groups.

NOVEMBER 13 #INTERNATIONAL

Elon Musk Cancels Bali Trip, will Address B20 Forum Virtually: Host

Musk has conflicting schedules in the United States that require him to be present there.

NOVEMBER 12 #ECONOMY

Global Digital Niaga Lists Blibli on IDX

Blibli's listing is the second-biggest IPO of the year after the merger of ride-hailing company Gojek and e-commerce giant Tokopedia.

NOVEMBER 08 #CORPORATE NEWS