Business News
Jokowi Calls on OJK to 'Show Fangs' and Protect Investors, Boost Confidence
President Joko “Jokowi” Widodo has called on the Financial Services Authority (OJK) to step up its supervisory role to maintain market confidence and better protect investors as it comes under scrutiny in relation to several high-profile financial mismanagement cases. In his remarks delivered on Friday evening at the OJK’s annual…
During the Pandemic, Indonesian Swallow's Nest Exports Reached IDR 28.9 Trillion
Minister of Agriculture Syahrul Yasin Limpo explained that in the midst of the Covid-19 pandemic, Indonesia experienced an increase in exports of swallow's nest. Based on IQFAST data from the Agricultural Quarantine Agency (Barantan), during the Covid-19 period, the export of swallow's nest reached 1,155 tons with a value of…
Jokowi will Deposit Rp 50 Trillion in BUMN Shares to the Investment Management Institution
Indonesia will have an Investment Management Institution or a Sofereign Wealth Fund called the Indonesia Investment Authority (INA) earlier this year. President Joko Widodo confirmed that the government will deposit Rp 15 trillion in cash capital and Rp 50 trillion worth of BUMN shares to the institution. "I was also…
Little Evidence Coffee Companies' Sustainability Efforts Have Impact: Report
There is little evidence efforts by the world’s top coffee roasters and traders to prevent human rights and environmental abuses are having any impact, with most farmers operating at a loss and unable to produce sustainably, a major coffee report said on Thursday. The Coffee Barometer, written by a group…
