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Economy

Edisi Monday, 30 January 2023

Workers pile up five-kilogram rice sacks, procured as part of the Food Supply and Price Stabilization Program (SPHP), at the National Logistics Agency’s (Bulog) warehouse in Meulaboh, Aceh, January 24. 
ANTARA/Syifa Yulinnas

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Economy

Rice Mafia at the Tip of the Finger

Bulog alleges that the rice mafia is conducting price fixing, with major sellers determining prices amid short supply.

Economy

Saving Rice from Neighboring Countries

Imported rice must arrive no later than mid-February. Weather conditions affect unloading. Bulog applies a new tactic.

Economy

There Were Threats from the Mafia 

Bulog CEO Budi Waseso reveals that there were threats from the rice mafia. Because of them, market operations have not been effective in curbing the price of rice.

Edisi Monday, 23 January 2023

A model of electric-powered Toyota HYBRID PRIUS on display at xEV Center, which is a facility for learning and developing capabilities in electrification and green energy of Toyota Motor Manufacturing Indonesia at the Karawang 3 factory site, West Java, January 18. 
Tempo/Tony Hartawan

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Economy

Subsidies Now, Sell Later

The government is divided on the electric vehicles subsidy program soon to be launched.

Economy

New Vehicles from New Players

Automakers are competing fiercely in the electric vehicle market. The industry is seeing an increasing influx of new players.

 

Economy

The Big Business of Battery Charging

Providers of Public Electric Vehicle Charging Stations are mushrooming, awaiting regulations about bulk power prices.

Edisi Monday, 16 January 2023

Television monitors show domestic digital channels broadcasts at the communication and informatics ministry office in Jakarta, November 2022. 
ANTARA/Fakhri Hermansyah

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Economy

New Stations, Old Players

New television stations spring up following the migration to digital broadcasting. Old players of the industry are more aggressive in expanding.

Economy

Single Platform for SOEs Pension Funds

The process of integrating state-owned enterprises pension funds has been slow. Most of them are problematic and underfunded.

Edisi Monday, 9 January 2023

Work is underway at the construction site of the Smelter Grade Alumina Refinery (SGAR) plant by Borneo Alumina Indonesia (BAI) at Bukit Batu village, Mempawah Regency, West Kalimantan. The construction work started on December 28, 2020. 
BAI Doc.

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Economy

Suspended by Slow Smelter

The government will prohibit bauxite export starting June 11. Export bans will also be imposed on other raw minerals including tin and copper.

Economy

State Mining Company’s Dual Route

The government separates Mind Id and Inalum to push downstream aluminum projects. Inalum will develop a giant smelter and expand aluminum factories.

Edisi Monday, 2 January 2023

A passenger on a sleeper bus operated by Sinar Jaya at Kampung Rambutan bus terminal, Jakarta, December 29, 2022. 
TEMPO/Subekti

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Economy

A Sleeper Hit

Interest in traveling by sleeper bus continues to grow. Operators are competing to offer luxury and innovative services. The coachbuilding industry is also reaping the benefits.

Economy

A Century of Existence

The sleeper bus has a long history. They are popular for long-distance travel, but some countries ban them for being the cause of accidents.

Economy

Rare Bus Chassis

Automotive manufacturers are finding it difficult to fulfill chassis orders for sleeper bus operators. Vehicle chassis ran short when luxury buses began to become popular.

Economy

Have Community, Will Travel

Loyal passenger clubs play a major role in the education and marketing of bus transportation, including for the sleeper bus. This boosts the ecosystem in tourism and transportation.

 

 

Edisi Monday, 26 December 2022

Finance Minister Sri Mulyani Indrawati (left) submits the document on the president’s final opinion regarding the discussion of the Draft Law (RUU) on the Development and Strengthening of the Financial Sector (PPSK) to the House of Representatives (DPR) Speaker Puan Maharani during a plenary meeting at the DPR Complex in Senayan, Jakarta, December 15. During the occasion, the PPKS Bill was passed into law.
Antara/Hafidz Mubarak A

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Economy

Finance Omnibus Law’s Fast Lane

The PPSK Law was passed with relatively fast deliberations. This financial omnibus law unifies 17 laws, changing the gameplay of many financial services institutions and businesses.

Economy

New Supervisor for Modern Assets

The PPSK Law delegates a number of new powers to the Financial Services Authority. From supervising crypto assets, venture capital, to gold banks.

Edisi Monday, 19 December 2022

Workers unload raw crystal sugar from India at Tanjung Priok Port, Jakarta, June 3, 2021. The raw crystal sugar would later be processed into ready-to-eat white crystal sugar (GKP).
Tempo/Tony Hartawan/photo file

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Economy

Raw Sugar Scarcity

Refined sugar has become scarce again ahead of the year-end because the government was slow to issue import permits. The stock of raw materials for the food and beverage industry is running low.

Edisi Monday, 12 December 2022

Ilustration of Satellite 
By Imam Yunianto

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Economy

The Hunt for Abandoned Satellite Project

A new contractor is eyeing the 123 degrees east longitude orbit satellite project, chasing the remaining two years of orbit expiration deadline.

Economy

Abandoned Orbital Path

The government has not appointed a new contractor to operate satellites to fill the 123-degree east longitude orbital slot. There is hesitancy following the launch of a new generation of satellites.

Edisi Monday, 5 December 2022

Workers store sacks of rice at a government’s rice warehouse in Kelapa Gading, Jakarta, November 25. The State Logistics Agency (Bulog) is struggling to meet the targeted 1.2 million tons of national rice stock by the end of this year.
TEMPO/Tony Hartawan

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Economy

Rice Supply Mark-Up

Bulog and the agriculture ministry have differing claims on rice data. Bulog claims there is a shortage of stock, while the agriculture ministry says rice supply is safe. Entrepreneurs are asked to meet targets they cannot afford.

Economy

When the Giants Fight for Rice

Large companies are expanding more aggressively into the rice business. It is a blessing for farmers, but a disaster for small-scale millers.

Edisi Monday, 28 November 2022

Employees at Gojek Indonesia’s head office, Jakarta, January 2018.
TEMPO/Fakhri Hermansyah/File Photo

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Economy

Drained Cash and Job Cuts

Waves of layoffs continue to hit the digital industry. Tech companies in various countries fire thousands of employees. The demand to be more efficient combined with low funding will trigger a mass layoff in digital startups.

Economy

Minimum Wage Tough Talks

Discussions to decide the provincial minimum wage for 2023 get hot. Workers are lobbying the president to issue a discretion, while employers are suing manpower minister regulation.

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