Economy and Business

Beyond its esteemed counterpart, gold, silver has firmly established itself as another precious metal with profound strategic value, increasingly recognized as a robust instrument for investment. Its popularity has seen a significant uptick, fueled by a growing public awareness of its multifaceted potential for profitability in the foreseeable future. For prospective investors, engagement with silver investments is facilitated through a …

Indonesian President Prabowo Subianto has issued a decisive directive, signaling a new era of accountability for businesses and project developers. During a Cabinet Plenary Session held at the State Palace in Central Jakarta on Monday, July 20, President Subianto emphatically stated that the government would revoke various business permits, including Rights to Cultivate (Hak Guna Usaha – HGU), Rights to …

Jakarta, VIVA – The Indonesian government is intensifying its push for bioethanol adoption, with the Ministry of Energy and Mineral Resources (ESDM) actively encouraging private sector investment in domestic ethanol production facilities. This strategic move, articulated by Eniya Listiani Dewi, Director General of New, Renewable Energy and Energy Conservation (EBTKE) at ESDM, is a cornerstone of the nation’s ambitious target …

Jakarta, Indonesia – The Indonesian Coordinating Ministry for Economic Affairs (Kemenko Perekonomian) has expressed strong confidence that the impending mandatory implementation of B50 biodiesel, a blend containing 50% palm oil-derived fatty acid methyl ester (FAME), will not negatively impact the nation’s crude palm oil (CPO) export volumes. This assurance is based on Indonesia’s prior experience in transitioning from B35 to …

Jakarta (ANTARA) – The Iranian currency has recently captured global attention amidst escalating geopolitical tensions and dynamic global economic policies. The United States, under then-President Donald Trump, initiated stringent measures, imposing tariffs of up to 25 percent on nations maintaining business ties with Iran. This policy immediately triggered a cascade of reactions, profoundly impacting Iran’s economic landscape and, most notably, …

On Friday, July 17, 2024, Minister of Public Works (PU) Dody Hanggodo officially confirmed the operational readiness of the Sekolah Rakyat (SR) Provinsi Bali, a sprawling educational complex situated in the Karangasem Regency. Following a direct inspection of the school’s facilities, Minister Hanggodo expressed satisfaction with the overall state of the campus, affirming its capacity to support robust teaching and …

Jakarta, VIVA – Indonesia’s Minister of Agriculture, Andi Amran Sulaiman, on Monday, July 20, 2026, vehemently refuted allegations circulating regarding the acquisition of community land in Papua for an unusually low price of Rp 100,000 per hectare. Speaking from Jakarta, Minister Amran declared these claims to be "cruel slander" aimed at discrediting government programs, asserting unequivocally that agricultural land developed …

Jakarta, Indonesia – PT Kereta Api Indonesia (Persero), commonly known as KAI, the national railway operator, stands as a pivotal pillar in Indonesia’s vast transportation network, managing an impressive fleet of 12,856 units of rolling stock. This extensive collection of locomotives, electric multiple units (KRL), passenger coaches, freight wagons, and diesel-electric multiple units (KRDE/I) underpins the nation’s mobility and logistics, …

The Iranian currency has been a focal point of global economic scrutiny, particularly as geopolitical tensions escalate and international economic policies, spearheaded by the United States, exert immense pressure. Former U.S. President Donald Trump’s administration initiated a stringent "maximum pressure" campaign, notably reimposing and expanding tariffs, in some cases up to 25 percent, on nations engaging in business cooperation with …

Jakarta, Indonesia witnessed a significant surge in consumer activity on Sunday, July 19th, as Transmart, one of Indonesia’s leading hypermarket chains, unleashed its highly anticipated "Full Day Sale." The event, which ran from store opening hours until 10:00 PM local time across all Transmart outlets nationwide, offered remarkable price reductions on a wide array of household electronics, most notably air …