Business News
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…
Strengthening RI's Export Financing, LPEI and Standard Chartered Establish Cooperation
The Indonesian Export Financing Agency (LPEI) cooperates with the Group CEO of Standard Chartered Bank. LPEI Executive Director Riyani Tirtoso said the meeting with Standard Chartered Bank Group Chief Executive Officer Bill Winters was to encourage national exports. "Standard Chartered's business collaboration with LPEI has been going on since LPEI…
Up 161%, ASDP Net Profit in Quarter III Reaches IDR 115.18 Billion
PT ASDP Indonesia Ferry (Persero) again recorded a positive consolidated performance in quarter III-2022 (July-September). ASDP posted revenue of IDR 1.16 trillion, and recorded a net profit of IDR 155.18 billion. Corporate Secretary of PT ASDP Indonesia Ferry (Persero) Shelvy Arifin revealed that ASDP continues to maintain a positive performance…
