ECONOMY

Finance Minister Sri Mulyani said the ability of young Indonesians to afford buying a home highly depends on supply and demand.

Rupiah depreciation is predicted to continue if no anticipatory measures are taken immediately. This was conveyed by University of Indonesia economist Ninasapti Triaswati in response to the local currency weakening to Rp. 15,000 per US dollar. According to her, the stability of food and energy commodities must be prioritised.

Forbes Real Time Billionaire has officially released a list of the top ten richest people in Indonesia. The rating is based on the daily-updated net worth of private-sector business leaders.

Jakarta, IO - Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan asked that the transitional period for the purchase subsidized bulk cooking oil public program (MCGR) via the PeduliLindungi application be extended from...

The rupiah has depreciated against the US dollar and briefly touched Rp15,000 per dollar on Monday (4/7), up 0.40 percent or 60 points from yesterday’s closing, Detik Finance reported.

BI senior deputy governor Destry Damayanti revealed measures by Bank Indonesia (BI) to protect the domestic economy from the risk of stagflation risk, where spiking inflation outpaces economic growth.

Jakarta, IO – Dynamic and rapid changes in the corporate and industrial sector demands every company to be able to adapt in order to survive and thrive. One form of adaptation is usually through...

US-based cosmetics firm Revlon is on the brink. It filed a bankruptcy due to several woes, mounting debt chief among them.

Tax office spokesperson Neilmaldrin Noor said the Taxation Directorate General (DJP) will impose Rp10,000 stamp duty for digital customers, including online shopping in e-commerce platform for transactions above Rp5,000,000, according to Article 3(2g) of Law 10/2020 on Stamp Duty, CNN Indonesia reported on Tuesday (14/6).

The government will renovate Taman Mini Indonesia Indah (TMII) cultural theme park through Rp1.2 trillion allocation from the Public Works and Housing Ministry’s 2022 budget.

Bank Indonesia (BI) announced that Indonesia’s foreign exchange reserve in May stood at US$135.6 billion, slightly down from US$135.7 billion in April.