Saturday, January 23We Deliver News To You

Tag: Economy

Economy and Finance

Competing with Bitcoin, Ethereum Crypto Asset Prices Reach IDR 20 Million

JAKARTA - crypto assets Ethereum experienced a very significant price increase in early 2021. It was note that the Ethereum price broke the highest level of IDR 20 million per unit, same as Bitcoin. Since its launch in 2015, Ethereum is trading at a price of less than IDR 40 thousand per unit. Ethereum's price increased more than 10 times in one year. For the record, in early 2020, Ethereum was selling for IDR 1.8 million. Then the price continued to rise and finally broke the record Rp. 20 million. Ethereum is the crypto-asset most popular with the market cap second largest in the world after Bitcoin. Indodax CEO Oscar Darmawan said the significant increase in Ethereum price occurred. Because the crypto asset was upgrading to Ethereum 2.0. The evolution phase to Ethereum 2.0 has star...
Economy and Finance

Jokowi Asks PPATK to Anticipate Shadow Economy

JAKARTA - President Jokowi asked the Financial Transaction Reports and Analysis Center (PPATK) to mitigate illegal underground economic activities (shadow economy) to cybercrime that destroys financial system stability. "We must mitigate conditions that disrupt the integrity and stability of the economic system. And the financial systems, such as the shadow economy, increase in economic crime. As well as cybercrime and other crimes that utilize the latest technology," the President said in a virtual manner in Jakarta, Thursday (14/1 ). This was conveyed by the President in the Annual Coordination. And Direction of the President of the Republic of Indonesia regarding the Prevention and Eradication of Money Laundering (TPPU). And Terrorism Funding (TPPT) in 2021. In addition to anticipa...
Economy and Finance

Indonesia Expects Balanced Trade with China

JAKARTA - Indonesian Foreign Minister Retno Marsudi conveyed the importance of seeking an increased and more balanced trade with China, during a meeting with Chinese Foreign Minister Wang Yi. "In this regard, I welcome the increase in Indonesia's exports to China last year by more than 10 percent. At a time when the global economy is facing severe shocks due to the pandemic," said Retno during a joint press statement with Wang Yi in Jakarta, Wednesday (13 / 1). In addition, Foreign Minister Retno also underlined the need to overcome trade barriers. Especially those concerning market access for exports of Indonesia's superior products to China. Such as fishery products, tropical fruit, bird's nest, and oil palm. The trade balance deficit between Indonesia and China during the January-N...
World

Menkominfo: Choose Social Media that Guarantee Data Protection

JAKARTA - The Minister of Communication and Information, Johnny G Plate, asked the public to be more vigilant and wiser in determining social media choices. According to Johnny, currently, there are various social media platforms available. However, not all platforms guarantee personal data protection. "Choose those who are able to provide optimal protection of personal data and privacy," said Johnny in a written statement, Monday (11/1). Johnny emphasizes the guarantee of personal data protection from important platforms so that people can avoid adverse impacts. Either in the form of misuse or use of personal data that is not in accordance with the rules. Therefore, he hopes that the public always reads the privacy policy and terms and conditions document before using a service and g...
Uncategorized

Jasa Raharja Guarantees Compensation for Sriwijaya Air Victims

JAKARTA - The plane on Sriwijaya Air SJ 182 the Jakarta-Pontianak route lost contact shortly. After taking off from Soekarno-Hatta Airport on Saturday (9/1) has now met a bright spot. The Minister of Transportation Budi Karya Sumadi has officially stated that the Sriwijaya Air SJ 182 aircraft. Had an accident with a location around the Thousand Islands. President Director of PT Jasa Raharja Budi Rahardjo S expressed his deepest condolences for the disaster. Currently, Jasa Raharja expresses its deepest appreciation to relevant stakeholders such as the Ministry of Transportation, TNI, Polri, BASARNAS, KNKT. And other agencies which are less than 24 hours from where the plane crash so that clarity of passenger status can be obtained immediately. "So that Jasa Raharja is currently focusin...
Economy and Finance

Tightening PSBB, Potentially Negative Economy

JAKARTA - Indonesia's Center of Reform on Economics (CORE) economist Yusuf Rendy Manilet said that the tightening of social restrictions imposed by the government next week will have a significant impact on the economy. This policy even has the opportunity to drive economic growth at a negative level, especially in the first quarter. This potential is even higher if the approach taken by the government in making several policies. Is relatively the same as the previous implementation of Large-Scale Social Restrictions (PSBB). "Where are there still local residents who are not discipline in implementing health protocols," said Yusuf when contact Thursday (7/1). PSBB Is Forced To Be Done If You Don't Want Covid-19 Cases To Increase On the other hand, Yusuf added, PSBB must be carried...
Economy and Finance

Fast-growing, e-commerce Indonesia top in Southeast Asia

JAKARTA - The research team of Bank DBS Indonesia conducted a survey "Indonesia Consumption Basket" to more than 500 respondents in Java, including Jakarta and a small part outside Java. The survey results found that subscribers e-commerce in Indonesia rose to 66 percent after the pandemic. This increase is the impact of the implementation of Large-Scale Social Restrictions (PSBB). As of 2019, as many as 90 percent of Indonesian internet users have made purchases in e-commerce. "This fact makes Indonesia rank one in Southeast Asia asuser thee-commerce largest," he said in a press statement, Thursday (31/12). Still based on the results of the same survey,activities online shopping increased by 14 percent. Meanwhile, shopping in shopping centers has dropped significantly by 24 percent s...
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...
World

2020 The Year Of Sharing The Burden To Save The Economy

JAKARTA - 2020 may be a gloomy year that all human beings on earth want to forget because of the extraordinary event of the pandemic Covid-19. All hopes and dreams have been replaced with uncertainty and dark fantasies. Since the plague thought to have originated in Wuhan, China, spread rapidly and infected humans who neglect to maintain cleanliness. The world is re-imagined by the great plague that occurred almost a century ago. And claimed millions of victims around the world namely the Spanish Flu in 1918-1920. Since then, economic activity has begun to slow down in line with the limitations of human activities. And goods and services due to the Large-Scale Social Restrictions (PSBB) policy. Indonesia recorded a contraction in the second quarter of 2020 minus 5.32 percent or for the...
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...