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Bussiness | Economy

Strengthening and Accelerating Digital Transformation: Ministry of BUMN Collaborates with Microsoft

21:02, 26 Sep 2023

The Ministry of State-Owned Enterprises (BUMN) extends its full support to the initiatives of the BUMN Digital Forum (Fordigi) in collaboration with Microsoft Indonesia to advance the digital and information technology (IT) sector within the BUMN. Tedi Bharata, Deputy for Human Resource Management,

Bussiness | Economy

Government Prohibits TikTok Shop from Selling: What Are the Economic Implications?

11:32, 26 Sep 2023

Bahlil Lahadalia, the Minister of Investment, firmly opposes granting permission to TikTok for conducting e-commerce transactions, stating that TikTok's current registration is solely for social media and not for e-commerce purposes. When asked by reporters at the Ministry of Investment on Monda

Bussiness | Economy

Jerry Sambuaga: TikTok Shop Controversy, Social Media Should Not Be Used for Selling

20:29, 25 Sep 2023

Jerry Sambuaga, the Deputy Minister of Trade of the Republic of Indonesia, stated that the revision of the Minister of Trade Regulation (Permendag) No. 50 of 2020 on digital trade does not prohibit the existence of social commerce platforms such as TikTok Shop. The revision aims to regulate and faci

Bussiness | Economy

E-wallet has become the most widely used payment method by Generation Z.

09:15, 25 Sep 2023

According to research conducted by Visa Indonesia, Generation Z in Indonesia prefers to use digital wallets or e-Wallets as their preferred method of digital payment. In the Consumer Payment Attitudes Study 2022, Visa found that 89 percent of Generation Z uses digital wallets or e-Wallets, followed

Bussiness | Economy

Intel Fined $400 Million by the European Union for Anti-Competitive Practices

18:03, 23 Sep 2023

Intel, an American technology company, has been fined $400 million or the equivalent of IDR 6.15 trillion by the European Union's antitrust agency for anti-competitive practices that blocked its competitors almost two decades ago. In 2009, Intel was also fined 1.06 billion euros for

Bussiness | Economy

The government plans to dissolve SKK Migas in the near future

10:18, 23 Sep 2023

Currently, the government and the DPR (People's Representative Council) are discussing changes to Law No. 22 of 2001 regarding Oil and Gas. This means that the Special Task Force for Upstream Oil and Gas Business Activities or SKK Migas will be dissolved. This move has been welcomed by experts w

Technology Update

Kominfo Restores Access to Google Docs After Technical Error

19:22, 22 Sep 2023

The Ministry of Communication and Information Technology (Kominfo) has restored access to several Google services, such as Google Docs, Google Sheets, and Google Slides on Friday morning (22/9/2023). Previously, cloud-based productivity services owned by Google were reported by netizens to be inacce

Bussiness | Economy

OJK Issues New Rules on Bank Dividends.

11:02, 22 Sep 2023

Regulation No. 17/2023 by OJK on Governance for Commercial Banks contains several points related to bank dividends. According to Dian Ediana Rae, the head of OJK's Banking Supervision Executive, this regulation is much needed, especially to remind shareholders, owners, or controllers of banks to

Bussiness | Economy

Japan's Exports Decline for Two Consecutive Months

19:30, 21 Sep 2023

Japan's Ministry of Finance has reported a 0.8% decrease in Japan's exports in August 2023. According to Bloomberg, economists are also forecasting a further decline of 2.1%. It is noteworthy that in August 2023, Japan's economy recorded declining exports for two consecutive months. &

Bussiness | Economy

Aprindo to Sue Government Over Rp 344 Billion Cooking Oil Subsidy Debt

10:58, 21 Sep 2023

The Indonesian Retail Entrepreneurs Association (Aprindo) is currently contemplating legal action against the government regarding their outstanding debt of Rp 344 billion originating from the cooking oil subsidy program. Roy Nicholas Mandey, the Chairman of Aprindo, stated during a mee

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