Jun 25, 2024 | News Group
The central bank, Bank Indonesia (BI), said the global financial market uncertainty remains high despite a stronger world economic outlook. Global economic growth in 2024 is projected to exceed the initial projection, reaching 3.2%, primarily driven by stronger growth...
Jun 25, 2024 | News Group
Economic liquidity or money in circulation in a broad sense (M2) in May 2024 grew 7.6% year on year (y/y), higher than the growth in the previous month of 6.9% y/y, mainly influenced by developments in credit distribution and net foreign assets. Credit distribution in...
Jun 24, 2024 | News Group
There are 12 people’s economic banks or rural (BPR) that have gone bankrupt and had their business licenses revoked by the Financial Services Authority (OJK) due to fraud. However, it’s not just about bankruptcy, there are other challenges facing the BPR...
Jun 24, 2024 | News Group
PT Supra Primatama (Biznet) is targeting customer growth of 30% throughout 2024, even though Elon Musk’s Starlink service officially enters Indonesia. The company has also prepared a number of strategies to achieve this target. Biznet Senior Marketing Manager...
Jun 24, 2024 | News Group
President Director of PT Pertamina (Persero) Nicke Widyawati revealed that the company will add a portfolio of new oil and gas (oil and gas) blocks in Iraq. The discussions regarding the new investment in the oil and gas block had been intense together with local...
Jun 21, 2024 | News Group
Digital bank Superbank, a joint ventur (JV) of Elang Mahkota Teknologi (EMTK) and Grab ride hailing service, suffered loss of Rp105.06 billion in the first quarter (Q1) of 2024, tripled y/y. Meanwhile Superbank President Director Tigor M. Siahaan said that currently...
Jun 21, 2024 | News Group
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif proposed a cost recovery budget or recovery of upstream oil and gas operating costs for the 2025 fiscal year in the range of US$8.5 billion to US$8.7 billion. Arifin said that the request for a wider cost...
Jun 21, 2024 | News Group
Property developer Ciputra Development (CTRA) allocates capital expenditure (capex) of Rp2 trillion for this year, to funding new products. It has spent capex of Rp700 billion during the first quarter (Q1) of this year. Currently CTRA has two new residential projects...
Jun 19, 2024 | News Group
Telecommunications industry players in Indonesia do not want to be lulled by the gap in Starlink service rates which are currently higher than local internet service providers. Even though the business threat is relatively small, the potential for predatory pricing...
Jun 19, 2024 | News Group
Indonesia’s competitiveness ranking was recorded to have shot up seven places from last year to 27th position out of 64 countries in the world. IMD World Competitiveness Center (WCC) Director Arturo Bris said that apart from rising from 34th position in the...
