Economy and Business

Jakarta, Indonesia – In a significant move to enhance fiscal efficiency and social equity, Indonesia’s Minister of Finance, Purbaya Yudhi Sadewa, held a crucial meeting with Pertamina’s President Director, Simon Aloysius Mantiri, on Friday, July 24, 2026, to discuss the strategic implementation of technology for ensuring the precise and targeted distribution of subsidized fuel and 3-kilogram LPG. The high-level discussion, …

Jakarta, Indonesia – In a significant move aimed at bolstering national biosecurity and enhancing the efficiency of cross-border trade, Indonesia’s Minister of Finance, Purbaya Yudhi Sadewa, has given the green light for officers from the National Quarantine Agency (Barantin) to directly participate in monitoring customs scanning machines. This crucial decision, announced following a high-level meeting with the Head of Barantin, …

The efficiency of fuel consumption is not solely determined by the numerical value of the RON, but rather by the precise compatibility between the chosen fuel and the engine’s design, particularly its compression ratio. When the fuel’s octane rating aligns perfectly with the engine’s compression requirements, the combustion process within the cylinders occurs with maximum efficiency. This ideal scenario ensures …

Jakarta, CNN Indonesia – Indonesia faces a looming fiscal challenge with the potential for its energy subsidy budget to balloon significantly if the national logistics system remains heavily dependent on diesel-powered trucks, particularly amidst ongoing global oil price volatility. This critical warning comes from the World Resources Institute (WRI) Indonesia, which underscores the urgent need for a strategic pivot towards …

Jakarta, VIVA – Indonesia’s Minister of Finance, Purbaya Yudhi Sadewa, has provided a firm assurance that the outstanding debt obligations for the Jakarta-Bandung High-Speed Rail (KCJB), popularly known as Whoosh, will not impose a significant burden on the State Budget (APBN). Speaking from the Ministry of Finance in Jakarta on Thursday, July 23, 2026, Minister Purbaya reiterated the government’s commitment …

Indonesia has successfully concluded a pivotal business forum with China, securing an impressive US$2 billion (equivalent to approximately Rp 35.87 trillion, based on an exchange rate of Rp 17,936 per US dollar) in new business agreements. This significant achievement, announced following a high-level forum held at the office of the Coordinating Ministry for Economic Affairs on Thursday, July 23, 2026, …

Many vehicle owners operate under the common assumption that utilizing gasoline with a higher Research Octane Number (RON) automatically translates to improved fuel efficiency and lower consumption. While this belief holds a kernel of truth, it is not universally applicable to all types of vehicles or engine designs. The reality is far more intricate, with the ultimate efficiency of fuel …

Coordinating Minister for Food, Zulkifli Hasan, has set an ambitious target for the Village/Sub-district Merah Putih Cooperatives (Kopdes Merah Putih, or KDMP) to commence the centralized distribution of government social assistance (bansos) by September 2026. This significant announcement follows a limited cabinet meeting convened by President Prabowo Subianto at the Presidential Palace in Jakarta on Thursday, July 23. The initiative …

Jakarta, VIVA – Minister of Finance Purbaya Yudhi Sadewa announced on Thursday, July 23, 2026, that his ministry is slated to hold a crucial meeting with the National Nutrition Agency (BGN) to deliberate on the critical matter of budget efficiency for the ambitious Free Nutritious Meals (MBG) program. This meeting comes in response to BGN’s reported plan to streamline the …

Jakarta – PT Pos Indonesia, one of Indonesia’s venerable state-owned enterprises (SOEs), is embarking on a comprehensive overhaul, a critical initiative being closely monitored by the State-Owned Enterprise Management Agency (BP BUMN) in collaboration with Danantara. This intensive restructuring follows a significant report from PT Pos Indonesia’s new management, detailing an audit that necessitated a staggering Rp9 trillion accounting adjustment …