Day: August 6, 2021

Manpower Minister distributes aid to business actors in Mojokerto

Manpower Minister Ida Fauziyah distributed assistance under the Independent Workforce (TKM) Program to business actors and street vendors in Mojokerto district, East Java. The assistance is part of the ministry’s efforts to mitigate the impact of the COVID-19 pandemic and support the implementation of Community Activity Restrictions (PPKM) for business

LCS transaction value with Malaysia, Japan recorded positive: BI

Bank Indonesia (BI) pointed to positive and significant development in the transaction value using the Local Currency Settlement (LCS) with Malaysia and Japan. “(The percentage of LCS) in 2020 exceeded four percent of our total trade with Malaysia and clocked a three-fold rise from our starting position in 2018 at

Health Ministry strategizes administering 300 million vaccine

The Indonesian Health Ministry is developing a strategy to administer 300 million doses of the COVID-19 vaccine scheduled to arrive in Indonesia, from August to December 2021. “We will be receiving 300 million doses of vaccine starting from August to December,” the ministry’s spokesperson for COVID-19 vaccination, Siti Nadia Tarmizi,

Indonesia highlights importance of expediting digital transformation

Indonesian Minister of Communication and Informatics Johnny G. Plate said G20 countries need to focus on digital transformation as it is a crucial element to drive economic recovery after the COVID-19 pandemic. “(Accelerating digital transformation) is also a supporting component to build a more resilient and powerful nation,” Plate stated

Foreign exchange reserves reach US$137.3 billion by July-end 2021: BI

Indonesia’s foreign exchange reserves reached US$137.3 billion by the end of July 2021, or increased from US$137.1 billion in June 2021, according to Bank Indonesia (BI). The level of foreign exchange reserves was deemed equivalent to financing 8.9 months of imports or 8.6 months of imports and served the government’s

Several indicators vitalizing financial services: OJK

Board of Commissioners Chairman of the Financial Services Authority (OJK) Wimboh Santoso highlighted that the performance of various indicators of the financial services sector increased in the second quarter of 2021. “Thus, in general, the financial services sector is in a stable condition,” Santoso noted at a press conference of the Financial

Indonesia to offer bunkering services at Sunda Strait

Indonesia will start offering bunkering services and boost port services at Sunda Strait for providing Low Sulphur Marine Fuel Oil (MFO) to foreign vessels. Deputy for Coordination of Maritime Sovereignty and Energy Basilio Dias Araujo made the statement while steering and witnessing the signing of a memorandum of understanding between

Presidential Staff Office distributes thousands of free masks

The Presidential Staff Office reminded North Jakarta’s residents of the importance of wearing masks through the “Door-to-Door Mandatory Mask” Program under which they distributed thousands of masks to people. The handing out of free masks was conducted through collaboration among the government, private parties, and the public to enforce 5M

Lake Toba: Newly renovated ports ready to welcome tourists

Nine ports in the National Tourism Strategic Area (KSPN) of Lake Toba are being renovated and, three of them are ready to welcome tourists by the end of 2021 once the COVID-19 pandemic is brought under control, an official has said. Director of Finance, General Affairs, and Public Relations of the Lake

Stimulus from developed countries bolsters global recovery: Minister

Finance Minister Sri Mulyani Indrawati believes that the global economic recovery outlook in future would hinge on support offered through various stimuli, both fiscal and monetary, from developed countries. “Our outlook for economic recovery in future depends on steps taken by developed countries that will continue to maintain fiscal and monetary