Economy and Business

Jakarta, Indonesia – A significant policy debate has emerged within the Indonesian cabinet regarding the distribution mechanism of Minyakita, the government-subsidized bulk cooking oil. Minister of Agriculture, Andi Amran Sulaiman, has put forth a proposal to channel a larger, potentially exclusive, portion of Minyakita’s distribution through State-Owned Enterprises (BUMN) to curb recurrent price hikes and stock shortages. His proposition calls …

Transmart successfully concluded its highly anticipated Full Day Sale event on Sunday, April 19, 2024, drawing massive crowds nationwide with a diverse array of aggressive discounts, particularly on premium cookware and other household necessities. The one-day shopping extravaganza, which commenced from store opening hours until 10:00 PM local time, underscored Transmart’s strategic approach to retail, combining extensive product offerings with …

Jakarta – Global crude oil prices experienced a significant downturn, plummeting by over 9% after Iran announced the reopening of the strategically vital Strait of Hormuz. This development followed earlier affirmations from United States President Donald Trump, who indicated that Iran had agreed to refrain from closing the crucial maritime passage. The move swiftly reduced the extreme risk premium that …

Jakarta – The recurring Transmart Full Day Sale, a strategic weekend promotional event, was once again featured on Sunday, April 19, drawing significant attention from consumers across Indonesia. The initiative specifically highlighted substantial discounts on household essentials, particularly kitchen and drinkware items, aiming to provide considerable savings for shoppers. The promotion commenced from the moment stores opened their doors and …

Magelang, Central Java – April 18, 2026 – President Prabowo Subianto on Friday undertook a surprise inspection (sidak) of the Bulog Danurejo Warehouse Complex in Magelang, Central Java, a move that significantly underscored his administration’s immediate focus on fortifying national food security. Accompanied by Deputy Minister of Agriculture Sudaryono, the President’s unannounced visit was a direct demonstration of his commitment …

PT Pertamina (Persero), Indonesia’s state-owned energy giant, has reaffirmed its unwavering commitment to safeguarding the nation’s energy supply, even as global geopolitical dynamics and persistent conflicts in the Middle East continue to cast long shadows over international markets. The company’s strategy hinges on a dual approach: optimizing domestic energy production and meticulously diversifying energy sources from a wide array of …

Jakarta, VIVA – Ade Jona Prasetyo, a prominent figure and current Deputy Treasurer General of the Central Executive Board (BPP) of the Indonesian Young Entrepreneurs Association (HIPMI), officially submitted his candidacy form for the highly coveted position of Chairman of the BPP HIPMI for the 2026-2029 term. His submission, which took place on Friday, April 17, 2026, at the BPP …

As the calendar pages turn towards the close of 2025, individuals worldwide embark on a crucial ritual: evaluating their financial standing and meticulously planning for the year ahead. This period, often marked by festive cheer and a sense of accomplishment, paradoxically emerges as one of the most financially perilous times. From unchecked impulsive spending to a complete disregard for budgetary …

Washington D.C. — The International Monetary Fund (IMF) and the World Bank have formally re-established relations with Venezuela, signaling a significant shift in international policy towards the oil-rich nation and potentially unlocking crucial financial support. This move, announced during the week-long Spring Meetings of the IMF and World Bank in Washington D.C., lends substantial legitimacy to the interim government of …

PT Pertamina Hulu Energi Sulawesi Lavender, a subsidiary of Indonesia’s national energy giant Pertamina, has officially inked a Production Sharing Contract (PSC) for the expansive Lavender Working Area (WK), spanning 8,206.95 square kilometers. This significant agreement, signed in Jakarta, marks a crucial step in bolstering Indonesia’s national energy resilience and accelerating investment in the upstream oil and gas sector. The …