ECONOMY

Bank Indonesia (BI) issued Regulation 24/6/PBI/2022 on the policy for the use of Rupiah in international activities, effective on April 27, 2022.

Unemployment reached 8.4 million in February 2022, noted Statistics Indonesia (BPS).

Jakarta, IO - Tourism and Creative Economy Minister Sandiaga Uno showcased Indonesian-made natural straw made of purun at the High-level Thematic Debate on Tourism held by the United Nations General Assembly (UNGA) in New...

Jakarta, IO - President Joko Widodo’s decision to ban the export of crude palm oil (CPO) and other cooking oil raw materials has created volatility of the palm oil industry. One of the importing countries heavily affected by the policy is India.

Linde, a leading gases and engineering company, today announced that it has signed a contract with PT. Smelting (PTS) to supply additional oxygen to support the expansion of PTS’ copper smelter operations at Gresik, East Java. Linde will invest over US$ 15 million to establish a new oxygen plant and develop infrastructure at their existing production site. The plant will utilize Linde’s Vacuum Pressure Swing Adsorption (VPSA) technology. The VPSA plant is a packaged, non-cryogenic production plant, producing oxygen using an adsorption process. The new plant is expected to be completed and onstream by October 2023. 

DHL Supply Chain, the contract logistics specialist within Deutsche Post DHL Group, today held a groundbreaking ceremony for its new 40,000 square meter facility in Cikarang, West Java. DHL Supply Chain is investing Rp 400 billion (EUR25 million) for the new DHL Maheswara Green Logistics facility, built to house multiple customers to meet the increasing demand for warehousing services. It is set to commence operations by 2023, and will feature sustainable solutions to reduce carbon emissions. 

Jakarta, IO - Tesla CEO Elon Musk sold 4.4 million shares of the electric vehicle maker for a whopping US$4 billion (Rp57.8 trillion). According to reports to US Securities and Exchange Commission (SEC), the sale...

Global oil palm produces responded Indonesian government’s decision to ban export of all cooking oil and cooking oil raw materials, viewing it will hamper the delivery of vegetable oil supplies in the month of May.

President Joko Widodo has officially banned cooking oil export starting Thursday, April 28.

Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan claims Elon Musk is interested in investing in Indonesia’s hugely potential nickel industry. He conveyed this via his personal social media account after meeting the Tesla’s boss at the company’s Giga Factory in Austin, Texas on Tuesday (26/4).

With Eid imminent, demands for extra flights at Soekarno-Hatta International Airport (SHIA), Tangerang continue to increase. As many as 720 more flights are scheduled after reaching 400 flights a few days ago.