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Economy
Economy
Donating Digitally
Alms institutions are fast-tracking digital transformation amids the lack of the regulations on zakat.
Economy
Expanding Global Cargo Services
Cargo shipping companies are on the race to boost their services amidst a slow international cargo business recovery.
Economy
Distribution of Alms Digitalization Takes Five More Years
The National Zakat Agency (Baznas) encourages digital transformation as a strategy to strengthen the performance of alms management. However, Baznas CEO Mohamad Arifin Purwakananta views that the digitalization that has been seriously developed since 2016 has not really been evenly distributed.
Economy
The Fight for Survival
The textile industry is hit by the pandemic. Big factories are stricken in debt, while the smaller ones are not getting orders.
Economy
Textile King’s Tangled Web of Debts
Sritex is entangled in debts of up to Rp17 trillion. Its debt restructuring chaos has even reached legal courts.
Economy
Capturing Clean Energy
The potential for developing new and renewable energy remains wide open. An ecosystem is required to optimize clean energy in the country.
Economy
Pledge of Alliance
Gojek and Tokopedia are preparing for a merge, to create a new company to serve as a parent for the two Indonesian giant startups. There is pressure from investors who have been thirsty for profit.
Economy
Competitor's Flight to Nasdaq
Grab is preparing a scenario to list in Nasdaq, aiming for a proceeds of Rp65 trillion to fund its ambition to become Southeast Asia’s number one super app.
Economy
Low Tourism, Slow Economy
Central tourism regions are having a hard time recovering after the pandemic struck. New problems emerged in other sectors of the economy.
Economy
The Dream of Cinema’s Recovery
National film business is still reeling from the impact wrought by the Covid-19 pandemic. The government is campaigning for moviegoers to return to cinemas to help the industry recover.
Economy
Back to Live
The government and event organizers are preparing to bring back live music performances in times of a pandemic. It has been a long and winding road towards the revival of tourism.
Economy
The Megaproject Contractor’s Burden
The Balongan refinery exploded when the refurbishment project had just started. It became a new problem for Pertamina amidst other difficulties in running the refinery mega project.
Economy
The Smell of Gasoline across the Refinery
Leakage of the T-301G tank is believed to be the cause of a big fire at the Balongan refinery. The management ignored community reports on strong gasoline smell prior to the fire. Losses are estimated in the trillions of rupiah.
Market Pulse
An Important Lesson from Turkey
The lesson from Turkey is clear. Central bank’s independence is the anchor of market confidence. If Indonesia does not want to share the same fate as Turkey and lose its credibility, the government needs to immediately figure out, one way or another, how to reduce its budget deficit.
Economy
Fueled by Pipe Purchase
The government overhauled the directors of a Pertamina subsidiary. The decision came after a procurement of refinery project's goods, which was considered not meeting the domestic component requirements.