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World Bank Says Indonesia's Minimum Wage Too High, Driving Workers to Informal Sector

16:07, 09 Mar 2026

The minimum wage policy that has historically been designed to protect low-income workers in Indonesia has produced a paradoxical side effect. In its latest report titled Reforms for a Formal and Prosperous Indonesia, the World Bank states that setting minimum wages outside their optimal range actua

US - Israel vs Iran Conflict Spreads to Energy and Water Infrastructure

16:06, 09 Mar 2026

The conflict involving the United States (US) and Israel against Iran has now expanded beyond military facilities, reaching energy and water infrastructure. Oil depots and water desalination facilities have become targets as the conflict in the Middle East intensifies. Compiled by detik

Strait of Hormuz Closed: Experts Warn Oil Prices Could Explode Past $120

14:38, 02 Mar 2026

Iran’s decision to close the Strait of Hormuz is expected to have serious repercussions for both the global and domestic economies. The move was taken following the death of Iran’s Supreme Leader, Ayatollah Ali Khamenei, amid escalating conflict involving the United States and Israel in

Iran Fires 4 Ballistic Missiles at US Aircraft Carrier USS Abraham Lincoln - Middle East Tensions Escalate

14:38, 02 Mar 2026

Iran’s military, through the Islamic Revolutionary Guard Corps (IRGC), claimed it had attacked the United States aircraft carrier USS Abraham Lincoln in the Gulf on Sunday. The alleged strike came after US and Israeli operations reportedly killed Iran’s Supreme Leader on Saturday local t

North Korea Condemns Attack on Iran, Calls US 'Like a Gangster' - Global Tensions Rise

14:38, 02 Mar 2026

North Korea has strongly condemned the strikes on Iran carried out by the United States and Israel, even likening the US to a gangster. As reported by Al Jazeera on Sunday (1/3/2026), the state-run Korean Central News Agency (KCNA) described the joint US-Israeli attack on Iran as an &ld

War Escalates in the Strait of Hormuz: 3 Ships Attacked, 1 Sinks - Global Oil Route at Risk

14:38, 02 Mar 2026

Three vessels were reportedly attacked in the Strait of Hormuz on Sunday (1/3/2026), amid Iran’s continuing retaliatory actions against the United States and Israel. The British maritime security authority, United Kingdom Maritime Trade Operations (UKMTO), stated that a ship off t

Oil Prices Surge on Iran War Fears: Above $80 and Heading Toward $100 per Barrel?

14:38, 02 Mar 2026

Oil prices surged in Asian trading on Monday (2/3/2026) amid escalating tensions in the Middle East following military strikes by the United States and Israel against Iran. In early trading, Brent crude climbed to slightly above US$80 per barrel, compared with Friday’s closing price of US$72.8

Indonesia Secures Rp45 Trillion Foreign Bank Loan: What Is the Money For?

14:02, 26 Feb 2026

The Asian Development Bank (ADB) has prepared a financing package for 2026 to support various key projects in Indonesia. The total indicative amount included in the project pipeline stands at US$2.7 billion, equivalent to Rp45.22 trillion based on an exchange rate of Rp16,749. ADB&rsquo

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