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Foreign Investors Eyeing Banks in Indonesia, Who Are the Ones Being Targeted?

21:23, 09 Nov 2023

The banking industry in Indonesia continues to attract attention from foreign investors, as reported by the Financial Services Authority (OJK). Several banks in Indonesia have become the target of foreign investors for acquisition throughout this year. Dian Ediana Rae, the Executive Head of Banking

Facebook to Netflix Contribute IDR 15.68 Trillion to the Directorate General of Taxes

20:50, 09 Nov 2023

The Directorate General of Taxes has successfully amassed revenue from the Value Added Tax (VAT) on Electronic Trading System (PMSE) totaling IDR 15.68 trillion until October 31, 2023. In detail, this amount is derived from deposits in 2020 amounting to IDR 731.4 billion, deposits in 20

Unemployment Reaches 7.86 Million People, Apindo Highlights Decline in Labor Force Absorption in the Manufacturing Industry

19:17, 09 Nov 2023

The Central Statistics Agency (BPS) records that the unemployment rate in Indonesia reached 7.86 million people as of August 2023. This figure has decreased by 560 thousand people compared to the same period last year. Acting Head of BPS, Amalia Adaninggar Widyasanti, stated that despit

KAI: Train Ticket Sales Rise by 26% Ahead of FIFA U-17 World Cup

18:11, 09 Nov 2023

PT Kereta Api Indonesia (Persero) reports a significant increase in the number of train passengers leading up to the FIFA U-17 World Cup 2023 in Indonesia. Joni Martinus, VP Public Relations of PT KAI, revealed that the sale of long-distance train tickets until Friday (10/11/2023) has reached around

Indonesia's GDP Lags Behind Neighboring Countries, Prabowo: The Solution is the Separation of DJP and Ministry of Finance

15:47, 08 Nov 2023

Prabowo Subianto, the prospective presidential candidate from the Coalition for Indonesia's Progress, has proposed a reformation of the Ministry of Finance (MoF) as one of the programs he is offering. The Defense Minister claims that the lower Gross Domestic Product (GDP) of Indones

US Banking Giant Citigroup to Lay Off 10 Percent of Employees

14:36, 08 Nov 2023

The American banking giant Citigroup is reported to be planning to reduce its workforce by 10 percent across various lines of business. This layoff plan was directly revealed by Citigroup's CEO, Jane Fraser, in September 2023. She mentioned that a major internal overhaul within the company would

2023 U-17 World Cup, The Cost of Building JIS Stadium

11:59, 08 Nov 2023

The Brazilian national team praised Indonesia for its readiness as the host of the 2023 U-17 World Cup. Brazil's national team coach, Phelipe Leal, was impressed by the grandeur of Jakarta International Stadium (JIS). The 36-year-old tactician expressed that Indonesia is very serious about hosti

Eliminating Import Duties, Palestinian Products Now Dominate the Indonesian Market

09:05, 08 Nov 2023

Palestinian products are currently dominating the Indonesian market. Several Palestinian products are imported and freely sold in Indonesia. In 2019, the Indonesian government removed import duties for products originating from Palestine. This decision is outlined in the Minister of Fin

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