Day: April 6, 2022

Indonesia, Malaysia MoU to be benchmark for domestic workers’ protection

April 6, 2022

The memorandum of understanding for the recruitment and protection of Indonesian domestic helpers (MoU PDI) in Malaysia will be the benchmark for MoUs with other destination countries, said Indonesia’s Minister of Manpower Ida Fauziyah. She said the MoU provides better and very comprehensive protection through regulations such as for salary,

India needs $12.4 trillion for net-zero transition, says report

April 6, 2022

India will need investments worth $12.4 trillion, nearly half of U.S. GDP, from developed nations and investors to help its economy transition to net-zero carbon emissions by 2060, according to a report. Without capital inflows and grants from the developed world, emerging economies including India’s will see household consumption fall

KSP hopeful of cooking oil cash assistance lowering community burden

April 6, 2022

The Presidential Staff Office (KSP) is optimistic that the cooking oil cash assistance of Rp100 thousand per month could ease the burden on people affected by the hike in the price of cooking oil. “The purpose of providing cooking oil cash assistance is to ease the burden on the community

Indonesians urged to keep wearing masks during Ramadan

April 6, 2022

Government spokesperson for COVID-19 Handling Wiku Adisasmito reminded Indonesians to continue to wear masks while conducting their activities during the Islamic holy month of Ramadan as part of the efforts to prevent COVID-19 transmission. “Wearing masks should be an indispensable habit during shopping, visiting relatives, or attending worship activities at

The Finance Ministry highlighted the importance of groups, including the National Fintech Association (AFTECH), to actively contribute to addressing consumer protection issues on financial technology platforms. Finance Minister Sri Mulyani Indrawati listed aspects pertaining to consumer protection issues that include data protection as well as technical infrastructure issues that must be addressed in order to ensure functionality for the entire population. AFTECH was expected to unceasingly pursue its commitment to collaborating with all stakeholders as well as encouraging efforts to expedite digitalization and support economic recovery, Indrawati delivered the statement in a press release, as quoted here on Wednesday. “They were also expected to minimize the digital divide, especially for vulnerable and underserved groups, specifically women, youth, and especially people in disadvantaged areas,” she added. Bank of Indonesia Governor Perry Warjiyo opined that cross-stakeholder collaboration was vital to support the national digital economy ecosystem. “The digital financial economy in Indonesia is rapidly growing. This is evidence of the extraordinary synergy and collaboration among Bank of Indonesia, banking payment system services companies, AFTECH, and e-commerce in supporting, accelerating, and continuously improving the digital financial economy,” Warjiyo stated. Chairman of the Financial Services Authority Wimboh Santoso stated that empowerment of fintech was relevant to the current conditions, in which fintech had become a necessity for the community and provided access to faster, cheaper, and better services in terms of financing. “National commitment to digitization can support the latest economic sources. However, there are several challenges that need to be (considered, such as the fact that) digital developments in the financial sector cannot be separated from the digital development of the economic ecosystem,” Santoso remarked. He called for disseminating information to the public, so as to educate them on products that suit their profiles. Source: Antara News

April 6, 2022

The Finance Ministry highlighted the importance of groups, including the National Fintech Association (AFTECH), to actively contribute to addressing consumer protection issues on financial technology platforms. Finance Minister Sri Mulyani Indrawati listed aspects pertaining to consumer protection issues that include data protection as well as technical infrastructure issues that must be addressed

Industry Minister highlights necessity to rev up green industry

April 6, 2022

Minister of Industry Agus Gumiwang Kartasasmita emphasized the need for industry actors to adopt a sustainable and green industry in their daily operations to cater to the rising demand for green products in future. “According to data, 152 industrial companies are participating in the 2021 Green Industry Award. These numbers

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