global economy Archives

22Jan

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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...

21Jan

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World

Sri Mulyani’s Hopes for the New US President Joe Biden

JAKARTA - Minister of Finance Sri Mulyani hopes that the president-elect of the United States (US) Joe Biden can accelerate the economic recovery global. Especially when the world is still facing uncertainty when the spread of the coronavirus is still endemic in many countries. "The United States has a new president. This is hope for recovery for the world economy, in addition to China's economic recovery. Although it is still below three percent," he said in a virtual discussion on Thursday (21/1). On Wednesday (20/1) local time, Joe Biden and his vice president. Kamala Harris was sworn in simply on the lawn of the Capitol Building, Washington DC. Through a change in leadership in this superpower country. Sri Mulyani hopes that the global economic recovery will also help improve the ...

20Jan

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Economy and Finance

Sri Mulyani Asks for Fixed Road Infrastructure Development

JAKARTA - Finance Minister Sri Mulyani Indrawati has asked the government to continue to carry out various infrastructure development programs amid the Covid-19 pandemic. The development starts from education to health. "In the atmosphere of Covid-19, we have not forgotten development activities. We remain hopeful even in an atmosphere Covid-19 running the development program. "he said in Financing Policy Forum Infrastructure Project Through SBSN the Year 2021 in Jakarta, Wednesday (20/1). Sri Mulyani said that infrastructure development in the health sector has become very vital in the midst of a pandemic. Considering that it functions in dealing with this health crisis. "In the health sector, it is clear that many are not only handling in the midst of the Covid-19 pandemic. But also...

18Jan

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World

Left WhatsApp? These 3 applications are suitable for the messaging

WhatsApp is undeniably an application, which the application most widely used for online messaging and telephone services to date. Hootsuite / We Are Social data shows that WhatsApp's monthly active users (MAU) alone total up to 2 billion. Now, WhatsApp is again plagued by problems regarding the protection of its users' personal data. After the end of 2019, WhatsApp had to fight with the NSO Group and its Pegasus software. Which made its users question the security of messaging under Facebook. Inc, now new rules that seem to be force on users are becoming a new scourge like this most popular messaging application. The new rules that make users have to agree to the sharing of WhatsApp user data with its parent, namely Facebook, triggered rejection from many parties. Moreover, the emphas...

15Jan

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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...

14Jan

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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...

12Jan

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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...

7Jan

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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...

6Jan

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Uncategorized

Maintaining the Quality of Vaccine, Bio Farma Uses SMDV Technology

BANDUNG - The parent holding company of Pharmaceutical SOEs. Took the initiative to create a Vaccine Distribution Management System (SMDV) which was officially launch on Sunday January 3, 2021. Support for the use of technology is need considering the massive Covid-19 vaccination program. Director of Bio Farma, Honesti Basyir, said technology support was very important. Moreover, Indonesia needs 426 million doses of Covid-19 vaccine for around 181.5 million people. This Go Live SMDV event, was also attend by partners for making the Go Live SMDV system. Including PT Telkom Indonesia, Telkom Sigma, Easy GO and Marchesini Group Indonesia. Honesti assess that to distribute this many vaccines, technology is needed that can maintain the quality of the vaccines. Do not let a good product hav...

5Jan

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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...