ECONOMY

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.

Elon Musk officially bought Twitter for US$44 billion (Rp629.2 trillion) on Monday (25/4).

d Law Studies (CELIOS) director Bhima Yudhistira views that the government’s decision to stop the export of CPO and cooking oil will only repeat the same mistake it made when it banned coal exports in January this year.

Tourism and Creative Economy Minister Sandiaga Uno estimates that the economic turnover during the Eid holiday may reach Rp72 trillion given the extended length of holidays and collective leaves.

Coal miner PT Adaro Energy Indonesia Tbk claims to receive windfall from the Russia-Ukraine war. As a result of the conflict, Adaro has received increased order from European Union countries.

Finance Minister Sri Mulyani acknowledged the impact of digital disruption will present a huge challenge not only for Indonesia, but also the world.