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Economy and Finance

Economy and Finance

Regarding the 5G network, Indonesia can imitate the Singapore method

Jakarta - The government Indonesia should consider applying a partnership scheme for the use of frequency spectrum 5G for telecommunications operators that Singapore implements. According to the Director of the Policy Reform House, Riant Nugroho. The allocation of the 5G frequency spectrum must be in the form of a wideband. Close to 100 MHz for one operator. Meanwhile, telecommunication operators who are allocat the technology frequency spectrum as fast as a bullet are those. Who really have the ability to deploy 5G infrastructure. He said, the consequence is that of course only one or a few operators will receive the frequency spectrum allocation for technology as fast as this bullet. Meanwhile, other telecommunication operators that do not receive an allocation can cooperate wholesal...
Economy and Finance

Hugaf Supports UMKM to Revive in the Pandemic Era

JAKARTA - Towards the end of the year, the Covid-19 pandemic is still ongoing in Indonesia. Apart from the health crisis, Covid-19 also led this country to an economic recession which resulted in many business actors experiencing losses. The government has made various efforts to save the economy, where Micro, Small and Medium Enterprises (UMKM) are the priority. As is known, more than 99 percent of businesses in Indonesia come from UMKM. At present, UMKM are challenged to withstand various pressures and adapt to all conditions including uncertainty regarding the duration of the pandemic. UMKM is also expect to be able to make this crisis a place to forge themselves. One of them is by increasing business knowledge so that it can survive a pandemic. In the midst of a pandemic, UMKM, es...
Economy and Finance

BPH Migas Appoints Bakrie Brothers to Build Cisem Pipes

JAKARTA - BPH Migas admits that it has finished conducting a study on the Cirebon Semarang (Cisem) project which was delayed yesterday. From the results of the study, BPH Migas decided to hand over the project to PT Bakrie and Brothers as the second winner of the project. The Head of BPH Migas, Fanshurullah Asa. Explained that the committee BPH Migas agreed on the option of giving opportunities. To the second or third auction winner in accordance with the current BPH Migas Regulation. Furthermore, BPH Migas can carry out a re-auction option or an assignment option in accordance with Article 46 paragraph (3) of Law No. 22 of 2001 concerning Oil and Gas and its implementing laws and regulations. In the event that an assignment is carry out by the Minister of EMR, it is necessary to consid...
Economy and Finance

The Indonesian bond market is predicted to grow positively in 2021

JAKARTA - The Indonesian market bond expected to grow positively in 2021. The performance of bonds next year is in line with economic recovery. Which has started to improve since the second semester of 2020. Director & Chief Investment Officer, Fixed Income Manulife Aset Manajemen Indonesia, Ezra Nazula, explained that accommodative monetary and fiscal policies will be the main sentiment in the 2021 market. "These policies need to support the economic recovery process," Ezra said in an official statement, Monday (21/12). In addition, growth in the bond market 2021. It Will also be supported by the return of foreign capital flows to emerging markets. Foreign investors are looking for yields or potential growth in developing country financial assets amid low inflation and global cent...
The Role of Fintech in Promoting 2020-2024 Inclusion Index in Indonesia
Economy and Finance

The Role of Fintech in Promoting 2020-2024 Inclusion Index in Indonesia

JAKARTA - In the national financial inclusion strategy which was passed by President Indonesia Joko Widodo on 7 December. Targeting Indonesia's inclusion index to increase by 90 percent by 2024. In realizing this, financial technology peer to peer lending or Fintech funding has a role as the main driver to accelerate the transformation of the digital economy, especially the MSME sector. Deputy for the Coordination of Macroeconomics and Finance, Coordinating Ministry for Economic Affairs, Iskandar Simorangkir. Said Indonesia needed digital economic transformation through fintech to restore the national economy. "The focus of financial inclusion is not on the saving movement. But on providing capital to the informal MSEs sector and the fastest way by digitizing them. With digital transform...
Economy and Finance

Garuda Has Not Prioritized Flying Boeing 737 Max

JAKARTA - The Federal Aviation Administration (FAA) has now lifted the ban on flying Boeing 737 Max aircraft which previously had accidents in Indonesia and Ethiopia. Even so, Garuda Indonesia did not want to rush to operate the aircraft immediately. "We have one unit (Boeing 737 Max 8). Flying the Boeing 737 Max 8 that is currently in Indonesia is not a priority," said Garuda Indonesia President Director Irfaniaputra in a video conference, Tuesday (15/12). Irfan confirmed that currently, Garuda Indonesia was still grounding the plane. He said that Garuda Indonesia still complied with the aviation authority in Indonesia, namely the Ministry of Transportation. He added that currently Garuda Indonesia is still negotiating with Boeing. Regarding the pending order for 49 Boeing 737 Max 8 ...
Economy and Finance

Indonesia Exports in November 2020 Print Records for the Last Two Years

JAKARTA - The Central Statistics Agency (BPS) stated that the rate of Indonesia exports during November 2020 reached US $ 15.28 billion. Head of BPS, Suhariyanto, this figure is the highest since the beginning of this year. "In fact, if we go backward again, this export is the highest since October 2018. At that time, exports were 15.91 billion US dollars," Suhariyanto said in a press conference, Tuesday (15/12). He said the performance of exports of non-oil and gas goods supported the soaring value. In general, the mainstay of export commodities from Indonesia experienced an increase in prices. For example, kernel oil, palm oil, zinc, aluminum, coal, rubber and copper. We consider the increase in demand to have contributed to increasing Indonesia’s exports. Therefore, Suhariyanto sai...
Economy and Finance

Erick Thohir Becomes The Most Influential Minister 2020

JAKARTA - State-Owned Enterprises (BUMN) Minister Erick Thohir received the 'The Most Influential Minister 2020' award at the CNBC Indonesia Award. We consider its performance in streamlining and streamlining Indonesian SOEs crucial in boosting the economy. After being “dwarfed” in the 1998 monetary crisis, now in the midst of a pandemic crisis, BUMN Minister Erick Thohir strengthens his presence with sectoral consolidation and holding. With 142 BUMNs, more than 700 children and grandchildren of their businesses. Not all of them are profitable or become companies on a global scale. 17 companies contributed more than Rp 180 trillion net profit from SOEs alone. With a share of 75 percent. This overlapping operation not only triggers the inefficiency of BUMN performance. But also industri...
Economy and Finance

The Covid-19 Pandemic, Paper Exports to Japan Are Wide Open

JAKARTA - The potential for exports of Indonesian forestry industry products from the upstream-downstream sector to Japan is still wide open. However, it still has to comply with strict environmental preservation regulations in Japan. The Indonesian Ambassador to Tokyo, Heri Akhmadi, said that Indonesia was one of the top three exporters of paper products to Japan. With a 13 percent share and competing with China, the United States, Finland and South Korea. In connection with the Sustainable Development Goals (SDGs) in the pulp and paper industry. Heri emphasized that in the cooperation of the upstream-downstream forestry industry. Indonesia-Japan, it is necessary to improve coordination, communication and attention to local communities. SDGs Becomes a Tool for Indonesia-Japan Cooper...
Economy and Finance

Sri Mulyani: The Covid Pandemic Poses a Corruption Threat

JAKARTA - Minister of Finance Sri Mulyani said that the Covid-19 pandemic not only poses a threat to people's health and soul, but also about integrity. The haste of policy-making in the midst of an emergency creates the potential for corruption. In designing pandemic management policies, Sri said the government was not in an ideal situation. The reason is, Covid-19 came without a plan and immediately spread, affecting many lines. As a result, situations have emerged that have the potential to create moral hazard, including misappropriation of funds or corruption. "There is a threat of people committing acts of corruption or even using system weaknesses or imperfections for personal gain," said Sri in the 2020 World Anti-Corruption Day Webinar, Thursday (10/12). Sri said, this pandemi...