Economy and Business

Jakarta, Indonesia – In a strategic move designed to bolster consumer purchasing power and stimulate the automotive sector, BCA Finance, a prominent player in Indonesia’s multi-finance industry and a subsidiary of Bank Central Asia (BBCA), has announced a special interest rate offering for new passenger car loans. This initiative comes at a time when Indonesian households are navigating a complex …

Jakarta, VIVA – A significant shift in consumer fuel preferences is anticipated in Indonesia, with projections indicating that approximately 10 percent of consumers currently using Pertamax (RON 92) gasoline are expected to migrate to the lower-octane, subsidized Pertalite (RON 90) in the near future. This projected migration comes as a direct response to the recent substantial increase in the price …

Jakarta, CNN Indonesia – Transmart, one of Indonesia’s leading hypermarket chains, once again captivated consumers across the archipelago with its highly anticipated "Full Day Sale" on Sunday, June 14. The event, which ran from store opening until 10:00 PM local time, offered an impressive array of discounts, with savings of up to 50 percent on a diverse range of premium …

Jakarta (ANTARA) – Iran’s national currency has been under intense global scrutiny, particularly as geopolitical tensions escalate and international economic policies exert profound pressure on the Islamic Republic. A significant turning point arrived with the administration of former United States President Donald Trump, which implemented stringent measures, including tariffs of up to 25 percent on nations continuing business dealings with …

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 …