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Economy and Finance

2026 Indonesia Is Free Of Fuel Imports?

JAKARTA - The government through the Ministry of Energy and Mineral Resources ensures that in 2026 Indonesia will be free from dependence on imports of fuel oil (BBM). The Director-General of Oil and Gas, Ministry of Energy and Mineral Resources. Tutuka Ariadji, explained this is because fuel production in 2026 will meet all domestic needs. He said that this year, domestic demand for BBM was far greater than production from national refineries. Thus, they need fuel imports to cover domestic needs. In the future, his party will encourage national fuel production to continue to increase. "So that in 2026, there can be the same between demand and production of BBM. So we will consistently reduce fuel imports, ”he said in a meeting with Commission VII of the Indonesian Parliament, Monday (...
Economy and Finance

Indonesia – Japan Cooperation to Meet Bioenergy Needs

JAKARTA - The Coordinating Ministry for Economic Affairs is in synergy with the Indonesia - Japan Business Network (IJB-Net) to encourage the development of renewable energy (EBT). This collaboration was inaugurated at the Kick Off Meeting on the Work Plan to Meet the Needs of the Bioenergy Market Japanese Jakarta, Tuesday (10/11). They carry cooperation out in coordinating the preparation of work plans to meet the needs of the bioenergy market in Indonesia, Japan and the world. The Coordinating Minister for Economic Affairs Airlangga Hartarto. He explained that the synergy between the two parties aims for Indonesia as a bioenergy producer. Those who are able to supply the needs of Indonesia, Japan and the world. He said in an official statement on Tuesday (10/11). Airlangga explained...
Economy and Finance

Minister of Finance: Many Government Programs Support The Digital Economy

JAKARTA - Minister of Finance Sri Mulyani said that various government programs have helped support the development of the digital economy. Starting from the provision of social assistance. Which is now carried out by transferring to the bank account of each family to stimulus in the form of tax incentives. Sri gave an example, the social protection program included in the National Economic Recovery (PEN). As many as 10 million beneficiary groups of the Family Hope Program (PKH) benefit through their bank accounts, which means digital transactions occur. On the other hand, the government provides tax incentives in the form of 0.5 percent for Micro, Small and Medium Enterprises (MSMEs) which are temporarily borne by the government (DTP). They obtain this incentive after they book their ...
World

China Would Operate Ports in Sudan Soon

Khartum - China 21st century maritime Silk Road will soon have a new, unexpected mission: to send camels from Africa. When the Haidob port on Sudan's Red Sea coast is completed by the end of next month. It is believed to be the country's impoverished hub to export sheep, goats and iconic mammals in the desert to eastern markets. Quoted by Bloomberg,on Wednesday (11/11), operator Sudan port said this latest part of the Belt and Road Initiative, urged China to revive and expand the ancient route to Europe and Africa using cutting-edge infrastructure. Constructed by China Harbor Engineering. This 120 million euro or roughly $ 141 million project is another example of Beijing forging links with some of the world's. More obscure but potentially lucrative locations. Further down Africa's ea...
Economy and Finance

BUMN Emiten Stock Encourage Improvement of Domestic Stock Exchange

JAKARTA - The Indonesian stock exchange has begun to show improvement after experiencing considerable pressure due to the impact of the Covid-19 pandemic. The Jakarta Composite Index (IHSG) fell to 3,900 last March before slowly rising to 5,400 on Tuesday. Analyst of Sekuritas Indonesia, Anugerah Zamzami. Said that the improving trend of the IHSG has been boosted by the performance of shares of state-owned enterprises (BUMN), especially in the last few months. "The majority of state-owned companies' financial performance is still decreasing on an annual basis. However, on a quarterly basis many state-owned companies have shown improvement in the third quarter compared to the second quarter," said Anugerah, Wednesday. Reflecting on the movement of BUMN shares in the BUMN 20 Index, Anug...
Economy and Finance

CIPS: The Election Of Joe Biden Encourages Global Economic Recovery

JAKARTA - Center for Indonesian Policy Studies (CIPS) assesses that the election of Joe Biden and Kamala Harris from the Democratic Party as President and Vice President of the United States will contribute to efforts to recover the global economy. researcher CIPS Pingkan Audrine Kosijungan in a release in Jakarta on Monday said that the optimism was based on the two economic programs that tend to be open to international cooperation. "This will also bring benefits to Indonesia," he said. In addition, he continued, the election of Joe Biden as President of the United States also gave hope to the trade war situation with China. According to him,Biden's thought to be different from President Trump's. The United States under Biden's leadership made it possible to pursue more diplomacy i...
Economy and Finance

Foreign Investment Decreased 30 Percent. Is This the Impact of the Global Economic Recession?

JAKARTA - The Investment Coordinating Board (BKPM) emphasized that the global economic crisis has caused foreign investment (PMA) globally to fall 30-40 percent. BKPM's Expert Staff for Increasing Investment Competitiveness, Heldy Satrya Putera. He explained that they felt the contraction to deepen after over 90 percent of the country experienced a crisis because of the Covid-19 pandemic. Economic conditions in 2020 provide great uncertainty for investment because almost all countries are experiencing recessions. In fact, the recession that occurred due to the crisis in 2020 was the biggest since 149 years ago. “The recession has started with a trade war, Britain is leaving Brexit, until the pandemic. The world contraction has caused FDI (foreign direct investment / PMA) to fall. He s...
World

Trump And Biden, Whic One Will Benefit Indonesia?

Jakarta: The certainty of the winner of the US presidential election. Whether Joe Biden or Donald Trump is returning to continue his leadership is being awaited by businessmen Indonesian. Both have plus and minus effects on the economy in the country. "We cannot say that the Trump administration or Biden. The president of the Democratic or Republican Party is better or worse for Indonesia and Indonesian business actors." Shinta told Medcom.id, Thursday, November 5, 2020. According to Shinta. The direction of state policy in The US will remain the same to solidify its position as a superpower. However, the two candidates have different styles in coming up with policies that often affect the global economy. So it is necessary to anticipate them in order to continue to provide benefits fo...
Economy and Finance

Recommendations for Most Beautiful Stocks for the US Presidential Election Trump vs Biden

JAKARTA - The general election that is currently taking place in the United States has caught the attention of market players. This is because whoever is elected to be the next US President will definitely have an impact on the global capital market. Including the Indonesian capital market. In line with the vote counting process that is taking place in Uncle Sam's country, the Composite Stock Price Index (JCI) collapsed in the red zone at the close of the market today, Wednesday (4/11/2020) WIB. In fact, at the beginning of trading until the end of the first session, the composite index walked smoothly in the green zone. Until the close of trading at 3:00 p.m. WIB, the JCI corrected by 1.05 percent or 54.25 points to 5,105.19. During the day, JCI was moving in the range of 5,105.19 - ...
Economy and Finance

China Economy Begins To Envy The US And European Countries

Jakarta - China economy grew 4.9% in the third quarter of 2020. It showed the rest of the world that the economy could skyrocket if the COVID-19 outbreak could be controlled. Meanwhile, currently, many countries are still fighting a pandemic. In fact, not a few of the world's countries are in danger of facing the second wave. Of course, what China inscribed made the envy of many countries in the world. China's financial development rate is in reality a little more slow than business analysts estimate. There are numerous indications of solidarity, be that as it may, with the development and administration areas performing well indeed. "The Chinese economy proceeded with its fast bounce back in the last quarter, with the recuperation expanding and beginning to diminish dependence on upg...