Business News
Strengthen Economy and Foreign Trade, BI East Java Optimizes Local Currency Transaction
The Bank Indonesia Representative Office (KPw BI) of East Java is optimizing Local Currency Transactions (LCT) to strengthen the economy and foreign trade. Erwin Gunawan Hutapea, the Head of KPw BI East Java, stated that optimizing LCT can accelerate East Java's export and investment performance. During the Jatim Talk, Road…
The South Sulawesi Provincial Government Is Prepared To Support The Development Of Islamic Economy And Finance.
The Provincial Government of South Sulawesi (Pemprov Sulsel) is committed to collaborating with relevant stakeholders to support the development of the sharia economy and finance. Emphasizing values such as justice, transparency, and public benefit, the sharia economy is seen as a solution to various economic issues. Representing the Acting Governor…
Rupiah Faces Fifth Consecutive Deflation, USD Rises to IDR 15,195
The Indonesian Rupiah weakened against the USD at the start of October 2024, approaching the IDR 15,200/USD mark again. According to Refinitiv data, the Rupiah closed at IDR 15,195/USD on Tuesday (1 October 2024), weakening by 0.4% from the previous close (30 September 2024). Concurrently, the US Dollar Index (DXY)…
Indonesia Poised to Become AI Investment Hub
Indonesia is emerging as a prime destination for AI investment, bolstered by its vast population of 282.74 million, making it the fourth-largest in the world after India, China, and the US. With one of the fastest-growing AI technology adoption rates globally, particularly in corporate sectors and over 2,600 startups, the…
