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News Update

Bussiness | Economy

Online Shopping by Indonesian Citizens Reaches IDR 42 Trillion Monthly, Fashion Marketplace Triumphs

14:27, 25 Nov 2023

The value of online shopping transactions carried out by Indonesian citizens in October 2023 reached IDR 42.2 trillion, with fashion marketplaces being the most popular. Filianingsih Hendarta, Deputy Governor of Bank Indonesia (BI), stated that the transaction amount increased by 10.69 percent on a

Bussiness | Economy

Impact of Boycott - Starbucks and McDonald's Outlets Quiet as Sales Plummet by 70 Percent

11:01, 25 Nov 2023

Western brands operating in Egypt and Jordan are now feeling the repercussions of the boycott against products affiliated with Israel. The impact of the campaign has also spread to several other Arab countries, including Kuwait and Morocco. The boycott is being carried out as a form of

Publisher Rights Regulations Finalized, Google and Others Obliged to Share Revenues

09:21, 25 Nov 2023

The government through the Ministry of Communication and Information Technology (Kemenkominfo) announced that the draft Government Regulation on Publisher Rights in Indonesia has reached its final stage. "The document regarding Publisher Rights is finalized. Yesterday, we received

The Return of TikTok Shop as Evidence of Indonesia's Vast Digital Market

15:05, 24 Nov 2023

Minister of Cooperatives and SMEs Teten Masduki stated that the news about TikTok Shop reopening and merging with other e-commerce platforms is a corporate matter. However, the information about TikTok Shop reopening serves as evidence that Indonesia indeed has a large digital market, m

Bussiness | Economy

Teten Reveals Non-Performing Loans of 421 MSMEs Surpassing IDR 22 T

11:11, 24 Nov 2023

Minister of Cooperatives and Small and Medium Enterprises (Menkop UKM) Teten Masduki noted that non-performing loans for micro, small, and medium enterprises (MSMEs) have reached IDR 22.9 trillion. The number of troubled MSMEs with problematic loans is 421 thousand. "Based on the e

Technology Update

Temu, the TikTok Shop Replacement Drawing Attention

07:53, 24 Nov 2023

The government closed down the TikTok Shop operation, citing the integration of social media platforms with transactions similar to local markets. However, a similar platform from China, known as Temu, has emerged, and its presence has also caught the government's attention. The Minister of Coop

Technology Update

Be Careful When Downloading Apps from the Play Store, Ministry of Communication and Information Studies Police Findings

14:13, 23 Nov 2023

The Ministry of Communication and Information (Kemenkominfo) is currently conducting further studies on applications that may invite malware. The National Police's Cyber Crime Directorate (Bareskrim Polri) has discovered three applications that are often downloaded but are exploited by hackers.

Binance CEO Steps Down, Admits Guilt in Money Laundering Case

13:11, 23 Nov 2023

On Tuesday (21/11/2023), Binance CEO Zhao Changpeng admitted guilt in a money laundering case in the United States. He agreed to pay a settlement of 4.3 billion US dollars to conclude the investigation that has been ongoing for years into the world's largest crypto exchange, which he founded. At

The U.S. Suddenly Blocks Electronic Products from Indonesian Neighbors, Why?

11:38, 23 Nov 2023

Various electronic products worth US$74 million or around Rp 1.1 trillion, mostly originating from Malaysia and Vietnam, were rejected entry into the United States (U.S.) last September. According to official data quoted by Reuters on Wednesday (22/11/2023), electronic goods such as sol

Microsoft Stocks Reach All-Time High After Recruiting Sam Altman Following OpenAI Ousting

12:16, 22 Nov 2023

Microsoft experienced a significant surge in stock prices, reaching an all-time high (ATH) record, after recruiting Sam Altman, the founder of OpenAI, who was previously dismissed from the company. Earlier, Microsoft stocks underwent significant fluctuations after OpenAI, the artificial

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