Economy and Business

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 …

Throughout the period spanning January to April 2026, the East Java Regional Police (Polda Jawa Timur) successfully dismantled a significant network involved in the illicit diversion and misuse of subsidized fuel and Liquefied Petroleum Gas (LPG). This extensive operation led to the uncovering of 66 distinct cases, resulting in the confiscation of 26,484 liters of subsidized fuel, comprising 8,904 liters …

Indonesian Finance Minister Purbaya Yudhi Sadewa took to social media on Sunday, April 3, posting a video of himself swimming, a direct response to circulating rumors regarding his health and alleged hospitalization. The move, unconventional for a high-ranking official, aimed to reassure the public and financial markets of his well-being, even as it sparked broader discussions about ministerial transparency, work-life …

Jakarta, Indonesia – Rosan Roeslani, Indonesia’s Minister of Investment and Downstreaming, who also serves as the Head of the Investment Coordinating Board (BKPM) and is noted as the CEO of Danantara, conducted a critical inspection of a prospective development site for the ambitious Indonesia Financial Center (IFC) in Bali on Sunday, May 3, 2026. The visit underscored the government’s unwavering …

Jakarta (ANTARA) – Iran’s national currency has recently become a focal point of global attention, largely due to escalating geopolitical tensions and the far-reaching impact of international economic policies. A significant turning point occurred when the administration of former U.S. President Donald Trump took decisive action, reimposing tariffs of up to 25 percent on countries that continued to engage in …

Jakarta, VIVA – As of Sunday, May 3, 2026, a significant paradigm shift is evident in the entrepreneurial landscape, particularly among Generation Z. No longer a daunting prospect confined to traditional pathways, initiating a business venture has become remarkably accessible for this demographic, inherently fluent in the language of the digital age. Fueled by rapid technological advancements and unprecedented access …