Business News

BI focusing on property, automotive sectors to stoke economic revival

Bank Indonesia (BI) has said it is using several macroprudential policy strategies to speed up national economic recovery this year after the deep contraction recorded last year in the wake of the COVID-19 pandemic. "Specifically from macroprudential (perspective), what is the strategy? Because credit is still contractive, so our focus…

Indonesia announces plans for central bank digital currency

The Bank of Indonesia has announced plans to issue a central bank digital currency (CBDC), becoming the latest global central bank to indicate a move towards a state-backed digital currency.The bank’s governor, Perry Warjiyo, recently announced the plans to launch a digital rupiah, amid surging uptake of digital payment solutions…

Indonesian Ministry Allows the Opening of Bali Tourism Villages

The Minister of Villages, Development of Disadvantaged Regions, and Transmigration, Abdul Halim Iskandar, issued permission for the opening of Bali tourism villages as a support of a program called 'Work From Bali' to revive the economic sector on the Indonesian resort island. The minister said that Bali Island is the…

PLN sets up electric vehicle charging points in Bangka Belitung

State-owned electricity company PT Perusahaan Listrik Negara (PLN) has installed 82 electric vehicle charging stations in Bangka Belitung province to support the green vehicle ecosystem. PLN is offering customers the chance to use electric charging points under the ‘Electrifying Lifestyle’ program, PLN general manager for Bangka Belitung province, Amris Adnan,…
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