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News Update

Bussiness | Economy

Minister of Energy and Mineral Resources (ESDM) Urges Acceleration of One Price Fuel Program, Aims to Achieve 89 Distributors

19:36, 10 Oct 2023

Arifin Tasfrif, the Minister of Energy and Mineral Resources (ESDM), has instructed the Downstream Oil and Gas Regulatory Agency (BPH Migas) to expedite the implementation of the One Price Fuel program this year. Mulyono, an Expert Advisor to the Minister on Downstream Oil and Gas Governance, reveal
Digital Investment

BEI Breaks Record for Highest Number of IPOs Since 1990

08:39, 10 Oct 2023

The Indonesia Stock Exchange (BEI) has made history by registering 68 companies in Initial Public Offerings (IPOs) worth IDR 49.60 trillion, surpassing the previous record set in 1990 with only 66 initial stock listings. BEI also solidifies its position as the exchange with the highest number of IPO
Bussiness | Economy

Money Flow at Mandalika's MotoGP Aims for Over Rp 4.5 Trillion

18:36, 09 Oct 2023

The MotoGP Mandalika 2023, also known as the Pertamina Grand Prix of Indonesia (Indonesian GP) 2023, will take place from October 13 to 15, 2023, at the Mandalika International Circuit in Lombok, West Nusa Tenggara (NTB). This international racing event is expected to have a significant economic imp
Technology Update

X Pays Content Creators IDR 309 Billion to Increase Engagement and Revenue

09:57, 09 Oct 2023

Platform X, formerly known as Twitter, has paid around IDR 309 billion to content creators in recent months. X CEO Linda Yaccarino revealed the platform's significant investment in its creator community. This initiative allows verified users with more than 500 followers to earn a share of the ad
Bussiness | Economy

BI Calls September 2023 Inflation Under Control Thanks to Monetary Policy

07:37, 08 Oct 2023

In September 2023, Indonesia recorded well-maintained inflation at 3.01%. Erwin Haryono, the Head of the Communication Department at Bank Indonesia, stated that the Central Statistics Agency (BPS) reported a Consumer Price Index (CPI) inflation rate of 0.19% in September. This figure is lower than t
Bussiness | Economy

Apindo Cautions of Potential Year-End 2023 Price Surge: Analysis of Monthly Inflation and Food Price Stability Strategies

06:37, 07 Oct 2023

The monthly inflation rate for September 2023 stood at 0.19%, with rice prices contributing significantly with a 0.18% increase. The Central Bureau of Statistics (BPS) considers this change noteworthy, especially given the 0.02% deflation in August 2023.   In response to this, the Indones
Bussiness | Economy

Digitalization of MSMEs: More than 22 Million Businesses Join the Digital Ecosystem in Indonesia

08:32, 06 Oct 2023

As of August 2023, approximately 22.81 million Micro, Small, and Medium Enterprises (MSMEs) in Indonesia have undergone digitalization and joined online platforms. This achievement is approaching the government's target of having 30 million MSMEs integrated into the digital ecosystem by 2024. Mi
Technology Update

Oppo's Impressive AI Model, AndesGPT, Ranked Just Below GPT-4

11:15, 05 Oct 2023

Oppo is making significant strides in artificial intelligence (AI) development with the creation of their AI chatbot, AndesGPT. What's remarkable is that AndesGPT ranks second, just below OpenAI's GPT-4, in terms of knowledge and encyclopedia capabilities.   The Xiaobu Assistant,
Technology Update

Indonesia Aims to Enter the Top 10 in Global 5G Internet Speeds

11:21, 04 Oct 2023

The Indonesian government, through the Ministry of Communication and Informatics, is steadfast in its efforts to elevate Indonesia's internet speed rankings to the top 10 globally with the implementation of 5G networks. Minister Budi Arie acknowledges that Indonesia's internet speed continue
Bussiness | Economy

Indonesia Must Be Cautious, Vietnam's Economy Surges in Q3 2023

19:10, 03 Oct 2023

Vietnam's economy recorded a growth of 5.3% in the third quarter of 2023, which is an interesting development given that many experts predicted a continued pessimistic outlook for the Southeast Asian markets. The Vietnamese government had set a target economic growth rate of 6.5%, and according
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