Economy and Business

The Ministry of Finance stands as one of the cornerstone institutions of the Republic of Indonesia, maintaining a vital role in national governance, economic stability, and fiscal policy design since the dawn of independence. Spanning more than eight decades of statecraft, the portfolio of the Minister of Finance has been entrusted to dozens of distinguished economists, technocrats, academics, and career …

The Bank of Japan (BOJ) officially escalated its monetary tightening cycle on Friday, September 18, raising its benchmark interest rate to 1.25 percent from the previous 1 percent. This decisive move represents the highest interest rate level in Japan in over three decades, signaling a significant shift in the central bank’s approach to macroeconomic management. The decision, passed with a …

Jakarta, Indonesia — In an effort to maintain investor confidence and ensure fiscal transparency, Minister of Finance Suahasil Nazara has formally guaranteed that the government will disburse all valid claims for excess tax payments, commonly known as tax restitution, to business operators who comply with established regulatory frameworks. The assurance was delivered during the release of the State Budget (APBN …

The Indonesian state-owned energy giant, PT Pertamina (Persero), through its subsidiary Pertamina EP, has officially addressed the ongoing corruption investigation conducted by the Attorney General’s Office (Kejaksaan Agung) regarding the management of regional oil and gas assets in Bekasi. The investigation centers on allegations of corruption involving the regional-owned enterprise (BUMD) PT Minyak dan Gas Bumi (Perseroda) and its long-standing …

Jakarta – The Indonesian property sector is facing renewed scrutiny regarding corporate accountability and consumer protection, as industry observers and aggrieved buyers urge real estate developers to exercise absolute transparency. The call for heightened disclosure primarily concerns actual construction milestones, timeline adherence, and the undisputed legal status of the land plots being marketed. This imperative has been brought to the …

The Badan Gizi Nasional (BGN), the government agency tasked with spearheading the nationwide Makan Bergizi Gratis (MBG) program, has announced a rigorous overhaul of its food safety and supply chain management protocols. This directive follows a series of troubling incidents in which hundreds of students across various Indonesian provinces suffered from suspected food poisoning after consuming meals provided by the …

The national energy landscape has found a measure of reassurance as the Indonesian government actively manages its crude oil supplies amid shifting global dynamics and domestic production challenges. Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia formally assured the public that the availability of crude oil for domestic needs remains fully secure and well-accounted for. A key pillar of …

JAKARTA — The Financial Services Authority of Indonesia, widely known as Otoritas Jasa Keuangan (OJK), has officially decided to scrap its previously proposed regulation that would have restricted public borrowers from accessing funds through more than three peer-to-peer (P2P) lending platforms, commonly referred to locally as "pindar" or "pinjol." The controversial policy, which initially aimed to curb over-indebtedness and mitigate …

The British publishing giant Reach, which maintains a vast portfolio including national staples like the Daily Mirror and the Daily Express alongside regional powerhouses such as the Manchester Evening News and the Liverpool Echo, has announced a significant restructuring plan that will see the redundancy of 220 editorial positions. This move, communicated to staff by Chief Content Officer David Higgerson …

Jakarta, Indonesia — PT Pelita Air Service, a prominent commercial airline and subsidiary of state-owned energy giant PT Pertamina (Persero), has once again cemented its reputation as a reliable and high-performing player in Indonesia’s aviation sector. The airline’s unwavering commitment to operational reliability and superior customer service over the past year has culminated in a significant industry accolade, namely the …