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Economy

Edisi Monday, May 12, 2025

Ilustration: TEMPO/Alvin Siregar

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Economy

eFishery’s Fraud, Embezzlement, and Money Laundering

Audit uncovers financial manipulation at eFishery since 2018, allegedly involving illicit fund transfers to employees.

Economy

eFishery Founder, Gibran Huzaifah: I Only Received a Salary

eFishery Founder Gibran Huzaifah admits inflating eFishery’s financial reports but denies taking personal profit.

Economy

Low Confidence in Startup Results in Reduced Capital

Investment in startups plummets amid a crisis of investor trust. Governance guidelines are being introduced to restore confidence.

Edisi Monday, May 5, 2025

Ilustration: TEMPO/Alvin Siregar

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Economy

How QRIS and GPN Shook Global Giants

The United States claims that QRIS and GPN obstruct trade with Indonesia. Major corporations appear to have a hand behind the accusation.

Economy

QRIS Global Expansion

The use of QRIS abroad continues to grow, offering a cheaper and more convenient payment alternative to cash and credit cards.

Economy

The Constraints of Local Content Rules

Changes in import regulations and local content requirements are threatening domestic industries, causing concern among longstanding investors.

Edisi Monday, April 28, 2025

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Edisi Monday, April 21, 2025

Illustration: Tempo/Alvin Siregar

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Economy

Vanishing Quotas, Emerging Newcomers

The plan to scrap import quotas remains in limbo. New players are gearing up to enter the commodity import business.

Economy

Fortune Favors the Quota Holders

Meat and garlic import quotas are controlled by a handful of actors. Only certain parties benefit from government assignments.

Economy

Lobbying for More Imports

The Indonesian government will add imports from the USA, seeking tariff discounts.

Edisi Monday, April 14, 2025

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Edisi Monday, April 7, 2025

Ilustration: TEMPO/Alvin Siregar

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Economy

The Multiple Burdens of State-owned Banks

The new board of directors at state-owned banks faces a challenging situation. They are squeezed by economic conditions and the weight of assignments tied to the President's projects.

Economy

State-owned Banks Lose Profits Over Debt Write-Offs

Profit growth at state-owned banks is slowing down. It is hampered by the small-business loan write-off program.

Edisi Friday, March 28, 2025

Waste sorting station at Nur El Falah Islamic Boarding School (Pesantren), Serang Regency, Banten Province. Dok. Ponpes Nur El Falah

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Economy

Economy Ecosystem in Pesantrens

A number of Islamic boarding schools are processing waste into maggots and building materials, weaving a circular economy ecosystem among boarding schools.

Economy

No Water Goes to Waste

Several Islamic boarding schools process bathroom and kitchen waste, producing economically valuable products.

Edisi Monday, March 24, 2025

Ilustration: Tempo/Alvin Siregar

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Economy

Agrinas Palma in Disputed Oil Palm Plantations

Agrinas Palma is entrusted with thousands of hectares of oil palm plantations entangled in legal disputes. The company is run by military personnel.

Economy

Agrinas Palma’s New Business

Indra Karya has been making profits over the past few years. Its construction consulting business remains relatively lucrative albeit with a modest growth margin.

Economy

Raising Capital for New State Company Businesses

Two state-owned enterprises are set to enter the rice and fisheries business, with government capital injections on the horizon.

Edisi Monday, March 17, 2025

Ilustration: TEMPO/Alvin siregar

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Economy

Projects at Risk Due to Lack of Financing

State-owned construction firms face a financial crisis. Budget cuts result in lost contracts and delayed payments.

Economy

IKN Contractors in Debt

The IKN development burdens several state-owned construction firms. New contracts bring both hope and risk.

Economy

Wijaya Karya’s Debt Burden After Whoosh

Wijaya Karya struggles to manage its finances amid a tough climate. The company is burdened by lingering project costs, including the Whoosh high-speed rail.

Edisi Monday, March 10, 2025

A salesperson arranges gold bars at the gold bank service counter of Bank Syariah Indonesia at The Gade Tower, Jakarta, February 26, 2025. Antara/Muhammad Adimaja

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Economy

The Risks of Bullion Banking

State-owned pawnbroker Pegadaian and BSI are Indonesia’s first bullion bank providers. The plan is to use people’s gold deposits as an alternative funding source for government projects.

Economy

Bullion Bank’s Impacts on Downstream Gold Sector

The presence of the bullion bank is expected to boost domestic gold downstreaming. It is a measure to prevent gold from flowing abroad.

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