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Tag: World

Excel News

Indonesia Invites Global Investors to Work on Electric Vehicles

JAKARTA - Head of the Investment Coordinating Board Indonesia (BKPM) Bahlil Lahadalia said the government continues to encourage the development of the electric vehicle ecosystem, one of which is by inviting global investors from Tesla to Volkswagen (VW). Bahlil revealed that Indonesia has pocketed the investment plans of two global companies in the integrated battery industry, namely Contemporary Amperex Technology Co. Ltd (CATL) from China with an investment value of 5.2 billion US dollars and LG Chem from South Korea with an investment value of 9.8 billion US dollars. "BASF is in the communication process, Tesla is in the communication process. Then VW is also in the communication process," he said, Wednesday (3/3). Indonesia Targets Several Large Companies Tesla is an electric veh...
Excel News

Indonesia Will Bring Two Types of Mutual Cooperation Vaccines

JAKARTA - The parent holding company of Pharmaceutical SOEs (HBF), Bio Farma and HBF members, Kimia Farma. Will bring in two types of Covid-19 vaccines, for the purposes of vaccination of Mutual Cooperation Covid-19. This type of vaccine is intended for private workers and employees and is given free of charge from each company where they work. Spokesman Bio Farma Bambang Heriyanto hopes that the Mutual Cooperation vaccination program will accelerate the vaccination program so that group immunity. Most importantly, this mutual aid vaccination will not interfere with the free vaccination. Two Types Of Vaccines "The two types of vaccines that will be import by Bio Farma and Kimia Farma. Include Moderna with the m-RNA platform. Which will be import by Bio Farma and Sinopharm with the ina...
Economy and Finance

Pos Indonesia Distributes 95 Percent of the First Phase of Cash Social

JAKARTA - The government through the Ministry of Social Affairs is still running Assistance Social assistance programs in the midst of the pandemic in early 2021. Cash Social Assistance will target 10 million poor people in 33 provinces in Indonesia. Cash Social Assistance (BST) will be implemented for four months from January to April 2021. With a value of 300 thousand rupiah per head of the family. PT Pos Indonesia (Persero) as the Ministry of Social Affairs partner who handles the distribution channels. Utilizes more than 4,500 post office branches throughout Indonesia, as points for taking the Social Cash Assistance. Pos Indonesia Also Coordinated With The Local Government President Director Pos Indonesia Faizal Rochmad Djoemadi. Said Pos Indonesia has coordinated with the loca...
Excel News

BPH Migas Makes Independent Jargas Investment Rules

JAKARTA - The government will continue to use the city gas network (jargas). To encourage domestic gas absorption and reduce imports of Liquefied Petroleum Gas (LPG). Meanwhile, to further encourage the use of jargas. The Downstream Oil and Gas Regulatory Agency (BPH Migas) will issue a new regulation in February 2021. The Company Committee, Jugi Prajogio, said that the regulation was an improvement from the previous regulation. Currently, the regulatory draft process is still ongoing. The previous regulation referred to was regulation BPH Migas No.22 / 2011 concerning pricing for household networks and small customers. Later, in the new regulation. The construction of the gas network will be accommodation with independent investments or investments made by business entities. "BPH Mig...
Economy and Finance

Budi Karya Promises to Improve National Aviation Safety

JAKARTA - Minister of Transportation (Menhub) Budi Karya Sumadi promises to be committed to improving the safety and security of national aviation. This was revealed in a hearing with Commission V DPR when discussing the crash of the Sriwijaya Airplane registration number PK-CLC SJ 182 which crashed in the Thousand Islands on January 9, 2021. "I ask colleagues in the sector air transportation to give their best efforts to continue. To improve the safety and security of national flights. Which is the mandate of international aviation regulations. And this will become an image of our flights in the eyes of the international community, ”said Budi, Wednesday (3/2). He ensured that the Ministry of Transportation would continue to make efforts to improve national aviation safety and security...
Economy and Finance

Bank Mandiri Reduces Bad Credit Ratio of Three Percent

JAKARTA - PT Bank Mandiri (Persero) Tbk seeks to reduce the number of non-performing loans (NPL). In the range of three percent to 3.5 percent. Later, the company will selectively choose sectors that experience faster recovery after the Covid-19 epidemic. Director of Finance & Strategy of Bank Mandiri Sigit Prastowo said the company has prepared a Bank Business Plan (RBB) for the performance of 2021. "For the target bank only we will project credit growth single digit. The focus will be on quality by maintaining NPL of three percent to 3.5 percent. And "We will expand prudently to targeted customers and potential sectors. And the recovery will be fast due to Covid," he told reporters Thursday (28/1). In Terms Bank Mandiri Margin At the level of 4.6 to 4 percent In terms of net i...
Economy and Finance, World

Indonesia exports to China grow by 10 percent in 2020

BEIJING - Indonesia exports to China in 2020 have increased compared to Indonesia's exports in the previous year. China has also expressed interest in investing in the renewable energy sector. The increase in Indonesian exports is reflected in the sharp decline in Indonesia deficit against China during 2020 compared to 2019. Data released by Chinese Customs states that the total value of Indonesia's trade with China in 2020. Will reach 78.5 billion US dollars (US). Based on the total trade value, the value of Indonesia exports to China reached 37.4 billion US dollars. Growing 10.10 percent compared to the total value of Indonesian exports to China in 2019. Meanwhile, the value of Indonesia's imports from China in 2020 reached approximately 41 billion US dollars, decreased by 10.13 per...
Economy and Finance

Economy Indonesia Has Strong Capital to Recover This Year

JAKARTA - Head of Fiscal Policy Agency of the Ministry of Finance (BKF Kemenkeu) Febrio Kacaribu said the Indonesia economy has strong capital to recover this year. This projection reflects on the budget deficit, the ratio of public debt. And various other economic indicators that have shown improvement. Febrio said that the contraction growth in Indonesia economy had shown an improving trend. The contraction in the third quarter improved compare to the previous quarter which is expect to occur again in the last quarter of 2020. "This could be our capital to enter 2021, have the optimism to manage our economy together," he said in the AcceleratedWebinar Economic Recovery on Tuesday (26/1). One of the indicators mentioned by Febrio was the state budget deficit. He added, in the context...
Economy and Finance

Jokowi Claims Indonesia Can Control Two Crises

JAKARTA  - President Joko Widodo (Jokowi) said that Indonesia will experience various ordeals when entering 2021. Jokowi's opinion was conveyed by Jokowi when he gave a virtual speech at the opening of the Complete Workers Council for the Fellowship of Churches in Indonesia (MPL- PGI) in Jakarta, Monday (25/1). "Throughout 2020 and entering 2021, we face several tests, some very tough trials, the Covid-19 pandemic that hit the world of 215 countries and Indonesia has resulted in a health crisis and an economic crisis," Jokowi said. can control these two crises well. "However, the problem has not been completely resolved. The pandemic is still ongoing and we are still alert and alert. A few days ago, South Kalimantan was hit by floods that hit several districts and cities, landslides...
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...