Economy and Business

Jakarta – A significant number of Indomaret minimarket outlets across Indonesia are slated to temporarily cease operations on Sunday, May 31, and Monday, June 1, 2026, in a move that has garnered considerable attention on social media and within labor circles. The closures, announced via in-store notices indicating a reopening on Tuesday, June 2, 2026, are a direct consequence of …

The Indonesian government is poised to undertake a comprehensive revision of its digital trade regulations, specifically targeting Peraturan Menteri Perdagangan (Permendag) Nomor 31 Tahun 2023 concerning Trade Through Electronic Systems (PMSE). This strategic move comes in direct response to a burgeoning wave of complaints from online merchants, particularly micro, small, and medium enterprises (MSMEs), regarding increasing operational costs imposed by …

Recent economic data has highlighted the precarious position of the Iranian Rial, which at one point reportedly plummeted to its lowest ever valuation against the Euro. This stark depreciation vividly illustrates the immense economic pressure confronting Iran, a direct consequence of prolonged international sanctions and persistent domestic inflation. Yet, for visitors navigating the bustling traditional bazaars or modern shopping centers …

As Eid al-Adha approaches, a significant surge in public activity invariably creates a fertile ground for seasonal businesses, transforming the religious observance into a potent economic catalyst. This annual phenomenon, deeply rooted in tradition and communal celebration, sees a heightened demand for a diverse range of goods and services, presenting unique, often low-capital, opportunities for entrepreneurs to generate substantial additional …

Jakarta, VIVA – Indonesia’s fiscal performance for April 2026 has not only remained robust but has also surpassed the expectations of many economic analysts, according to Finance Minister Purbaya Yudhi Sadewa. Speaking from the Presidential Palace Complex in Jakarta on Monday, May 18, 2026, Minister Purbaya announced that the official APBN KiTA report, detailing the national budget’s performance up to …

Jakarta (ANTARA) – The Iranian currency has recently drawn significant global attention, caught in the crosscurrents of escalating geopolitical tensions and evolving international economic policies. A pivotal moment arose when the United States, under then-President Donald Trump, reimposed stringent measures, including tariffs of up to 25 percent, on nations engaging in business with Iran. This aggressive stance, part of a …

Indonesia’s Finance Minister, Purbaya Yudhi Sadewa, has publicly acknowledged President-elect Prabowo Subianto’s unconventional proposal for a custom-built, transparent presidential vehicle, affirming the government’s principal capacity to allocate funds should the request be formally submitted. The Minister’s remarks, made in Jakarta, shed light on the initial, informal nature of Prabowo’s vision, which seeks to enhance interaction with the public during official …

The Indonesian government is moving to fortify the position of Micro, Small, and Medium Enterprises (MSMEs) within the rapidly expanding digital economy, with the Ministry of Cooperatives and SMEs (KemenKopUKM) announcing stringent new regulations governing e-commerce platforms. Minister Maman Abdurrahman of KemenKopUKM confirmed on Monday, May 18, 2026, that a forthcoming Ministerial Regulation (Permen) will prevent e-commerce platforms from unilaterally …

Jakarta – PT Garuda Indonesia (Persero) Tbk (GIAA), Indonesia’s national flag carrier, has announced significant changes to its management structure, following decisions made during its Annual General Meeting of Shareholders (RUPST) held on Wednesday, May 13, 2026. These strategic appointments and dismissals are set to bolster the airline’s ongoing transformation agenda, aiming to solidify its financial health and enhance operational …

Jakarta, Indonesia – Oki Ramadhana, the President Director of Mandiri Sekuritas, has publicly confirmed his bid for a position on the board of directors of the Indonesia Stock Exchange (BEI). His announcement comes as the capital market regulator, the Financial Services Authority (OJK), officially registered four distinct packages of candidates vying for the coveted leadership roles at the nation’s primary …