Economy and Business

The Indonesian Ministry of Marine Affairs and Fisheries (KKP) has definitively refuted claims circulating on social media regarding the sale of Pulau Umang, located in Pandeglang Regency, Banten, for Rp 65 billion (approximately USD 4.1 million). Following an immediate and thorough investigation, the Directorate General of Surveillance of Marine and Fishery Resources (PSDKP) of the KKP confirmed that such a …

Jakarta, Indonesia – In a significant diplomatic and economic engagement, Indonesia’s Vice Minister of Agriculture (Wamentan), Sudaryono, hosted the Australian Ambassador to Indonesia at the Ministry of Agriculture office on Wednesday, April 15, 2024. The high-level meeting underscored both nations’ commitment to agricultural cooperation, with particular focus on Indonesia’s burgeoning potential as a reliable exporter of urea fertilizer to Australia …

Jakarta – The International Monetary Fund (IMF) has issued a stark warning, predicting a significant global oil shortage by 2026, a deficit projected to persist even if the ongoing conflict involving the United States, Israel, and Iran were to cease immediately. This severe outlook underscores the fragility of global energy markets and the profound economic consequences stemming from geopolitical tensions …

The Indonesian Composite Stock Price Index (IHSG) closed in the red on Wednesday, April 15, marking a decline of 0.68% to settle at 7,623.59. The market’s downward trajectory was primarily influenced by significant selling pressure from foreign investors, coupled with a mixed bag of corporate earnings news and evolving global geopolitical dynamics. While a few bellwether stocks showed resilience, their …

The unresolved severance pay obligations for 1,225 former employees of PT Merpati Nusantara Airlines (MNA) continue to cast a long shadow over the defunct state-owned carrier, nearly two years after its official bankruptcy declaration by the Surabaya District Court in 2022. Despite the legal finality of its insolvency, only a fraction – specifically 20% – of the total severance due …

President Donald Trump has issued a stark ultimatum to Federal Reserve Chair Jerome Powell, threatening to terminate his tenure if Powell does not resign from the central bank’s Board of Governors when his term concludes in May 2026. The extraordinary threat, delivered on Thursday, April 16, 2026, casts a long shadow over the future of the nation’s monetary policy leadership …

Jakarta – Indonesia’s annual Hajj pilgrimage, a spiritual cornerstone for millions of its citizens, is facing an unexpected financial challenge as major carriers, Garuda Indonesia and Saudia Airlines, demand substantial increases in flight ticket prices. The catalyst for this sudden escalation is the persistent geopolitical instability stemming from the prolonged tensions between the United States and Iran, which has significantly …

Indonesia’s Minister of Finance, Purbaya Yudhi Sadewa, recently concluded a pivotal series of high-level meetings with prominent global financial institutions and leading international investors in Washington D.C., United States. The extensive itinerary, which took place on Wednesday, April 15, 2026, involved critical discussions with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, senior representatives from the World …

Jakarta, Indonesia – In a significant stride towards modernizing corporate financial operations, PT Bank Digital BCA (BCA Digital) has officially partnered with PT Monit Teknologi Indonesia (Monit) to introduce the Monit x bluCorporate Card. This innovative solution, announced on Monday, April 13, 2024, is set to redefine how businesses manage their operational expenses by offering a corporate debit card seamlessly …

Jakarta – PT Bank Mega Tbk marked its 57th anniversary on Wednesday, April 15, 2026, by launching a comprehensive series of social and health initiatives aimed at reinforcing its commitment to community welfare and employee well-being. These celebratory activities, encompassing blood donation drives, educational health talks, and mini medical check-ups, were simultaneously conducted at the bank’s head office in Jakarta …