Air Conditioner Manufacturers Scramble as Import Restrictions Take Effect, Without Domestic Compressor Factories

JAKARTA – The Indonesian Refrigeration Company Association (PERPRINDO) has been in a state of uncertainty since the implementation of import bans and restrictions on electronic goods, including the raw materials needed for domestic production. Technical considerations (Pertek) as a requirement for import recommendations stipulated in Minister of Industry Regulation No. 6/2024, derived from Minister of […]

Economy

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Head of WTO Calls for Calm Among US Trading Partners Amid Potential Return of Donald Trump and Introduction of New Tariffs

Head of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has issued a plea to Washington’s trade allies, urging them to maintain stability amidst the potential resurgence of Donald Trump in the White House and his proposed imposition of a 10 percent import tariff. Addressing the Peterson Institute for International Economics in Washington, Okonjo-Iweala expressed her […]

Economy

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United Airlines Blames Boeing Grounding for $200 Million in Losses

Chicago, April 17, 2024 – United Airlines, one of the leading carriers in the aviation industry, unveiled its first-quarter financial results, marred by the grounding of the Boeing 737 MAX 9 aircraft. The grounding, which endured for approximately three weeks in January, inflicted a notable setback on United’s earnings, resulting in a loss of $124 […]

Business Economy

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Minister of Trade Shows Concern: Champions Migrant Workers’ Interests at the Forefront

Jakarta, April 17, 2024 – Responding swiftly to widespread public dissatisfaction, the Minister of Trade has taken decisive action by revoking Regulation of the Minister of Trade (Permendag) Number 36 Year 2023 on Import Policy and Control. The regulation, which came into force in March 2024, has drawn significant criticism for its perceived complexity and […]

Business Economy

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Independence Day Celebration in IKN to Mark the Start of Civil Servant Relocation

Jakarta, April 17, 2024 – The meticulous preparations for the relocation of civil servants (ASN) to the Nusantara Capital City (IKN) are advancing steadily, as confirmed by Minister of Public Works and Housing (PUPR) Basuki Hadimuljono and Minister of State Apparatus and Bureaucratic Reform (Menpan RB) Azwar Anas. They have assured that the transfer of […]

Business

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Navigating the Path to Transparency in Stock Market Trading: A Collective Effort to Ensure Fair and Equitable Practices

The Indonesia Stock Exchange (IDX) has recently rolled out new features on its trading platform called Indicative Equilibrium Price (IEP) and Indicative Equilibrium Volume (IEV) on December 6, 2021. These features are designed to improve transparency in the determination of stock opening and closing prices. Irvan Susandy, the Director of Trading and Regulation at IDX, […]

Economy

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Pertamina Expands Distribution: Adds 14.4 Million 3 Kg LPG Canisters

PT Pertamina (Persero) Subsidiary Pertamina Patra Niaga Strengthens LPG Supply for Eid al-Fitr 2024 In preparation for the heightened demand during the Eid al-Fitr 2024 celebrations, PT Pertamina (Persero), through its subsidiary Pertamina Patra Niaga, has reinforced the supply of 3-kg LPG cylinders by 14.4 million units, equating to 43,000 metric tons (MT), across Indonesia. […]

Economy

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Airlangga Asserts Indonesia’s Economic Fundamentals Sufficient to Cushion Impact of Potential Escalation in Middle East Conflict

Amid heightened tensions in the Middle East following recent attacks between Israel and Iran, Indonesia’s Ministry of Economic Affairs convened a critical Coordination Meeting on Monday, April 15. This meeting, attended by representatives from various ministries and diplomatic missions, aimed to assess the situation’s economic implications and formulate proactive strategies. Minister Airlangga Hartarto highlighted the […]

Business

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Working Smart, Not Hard: Man’s $45,000 Monthly Income with Minimal Effort

In a world where hard work is often considered the cornerstone of wealth, Francisco Rivera emerges as a testament to an unconventional approach. Rivera’s story challenges the notion that success necessitates long hours, as he proves that substantial wealth can be achieved with just 20 minutes of work per day. A Florida resident, Rivera’s journey […]

Economy

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BNI Strategy: Optimizing Global Bond to Strengthen Business

PT Bank Negara Indonesia (Persero) Tbk (BNI) issued senior bonds worth US$ 500 million or around Rp 7.94 trillion (exchange rate of Rp 15,892.85) to strengthen liquidity and funding outside of third party funds (DPK). Purpose of Issuance: BNI Strategy: Issuance of Global Bond:

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