Business News

Bank Indonesia launches national standard QR code

Bank Indonesia (BI) launched on Monday its long-awaited Quick Response Indonesia Standard (QRIS) code system that aims to universalize cashless payment in the country. QRIS, which physically manifests as a more complex QR pattern, allows users from one payment service to transfer funds to any rival service within BI’s ecosystem.…

Businesspeople worried over post-election uncertainty

Businesspeople have expressed their concerns over post-election uncertainty, following losing presidential candidate Prabowo Subianto’s rejection of incumbent Joko “Jokowi” Widodo’s victory as announced by the General Elections Commission (KPU).Prabowo’s camp has filed its appeal at the Constitutional Court (MK), but political analysts believe this would not be the end of…

Rupiah strengthens to Rp 14,451 per US dollar

The rupiah strengthen to Rp 14,451 per United States dollar on Friday, 0.43 percent stronger than its value the previous day, which was Rp 14,513 to the dollar, according to the Jakarta Interbank Spot Dollar Rate (JISDOR).Bloomberg reported the rupiah at Rp 14,457 per US dollar in the foreign exchange…

Government to boost spending to help economy grow in Q2

The government has pledged to boost spending in the second quarter to significantly boost gross domestic product (GDP) growth.Finance Minister Sri Mulyani Indrawati said on Thursday that in the first four months, government spending, which grew 11.8 percent year-on-year (yoy) to Rp 370 trillion (US$25.57 billion), was an important aspect…
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