Business News
Government Gets IDR 43.8 Trillion from 28 Oil and Gas Industry Agreements in Bali
The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) recorded 28 commercial agreements signed at the 2022 upstream oil and gas industry meeting in Nusa Dua, Bali in the past few days. Head of SKK Migas Dwi Soetjipto said the deal has the potential to provide…
Recording Exports of USD 13 Billion, Indonesia Plays an Important Role in the World Textile Industry
The non-profit organization for sustainable textiles, the Lestari Textile Chain (RTL), continues to encourage the strengthening of collaborative actions between stakeholders in order to realize the transformation of the sustainable textile and fashion industry in Indonesia. “Sustainable fashion, circular fashion is not just a trend, which appears for a moment…
BI Launches Digital Rupiah Development, Named Project Garuda
Bank Indonesia (BI) officially launched a white paper or project to develop central bank digital currency (CBDC) aka digital rupiah. This project is named the Garuda Project. "Today, we launched a digital rupiah white paper which we call the Garuda Project," said BI Governor Perry Warjiyo at the BI Annual…
Luhut: Indonesia's Lithium Battery Ecosystem is No Less than Vietnam and Thailand
The Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, emphasized that Indonesia cannot lose to Thailand and Vietnam regarding the lithium battery ecosystem. He compared Indonesia to having more raw material supplies than the two countries. "We are very advanced, Thailand or Vietnam cannot win from us, because…
