Economy

RI Officially Became the third Largest Shareholder in the Islamic Development Bank
Sri Mulyani revealed that Indonesia officially increased its shareholding in the Islamic Development Bank (IsDB) from 12th to 3rd. The special capital increase (SCI) places

Indonesia to Sign LCT Cooperation with South Korea in Early May 2023
Indonesia will sign a cooperation on the use of local currency in trade, investment, and payment system transactions or Local Currency Transaction (LCT) with South

Japan’s Industrial Production Revived by 4.6%, Above Expectations
Japan‘s industrial production rose faster than previously expected in February, according to revised data released by the Ministry of Economy, Trade, and Industry on Wednesday.

Singapore Strengthens Connectivity, Education and Tourism with Kelantan and Terengganu
Singapore wants to increase interactions and connectivity with more Malaysian states and beyond the capital city of Kuala Lumpur. This is done to increase cooperation

Malaysia Applied Free Tolls During Eid Homecoming 2023
Malaysian Prime Minister Anwar Ibrahim announced the lifting of all toll tariffs for 4 days starting from April 19, 20, 21, and 24 along with

Becoming Country Partner of Hannover Messe 2023, Indonesia Targets IDR 30 Trillion Investment and Attracts Investors
Indonesia became a partner country at the Hannover Messe 2023 exhibition in Hannover, Germany. Director General of Information and Public Communication of the Ministry of

Volkswagen, Ford, and Vale Indonesia To Collaborate on EV Battery Ecosystem
Volkswagen plans to establish an electric vehicle (EV) battery ecosystem in Indonesia with the aim of improving the market. The German automaker will collaborate with

Chinese Regulator Desire to Use AI Chatbots in Financial Regulation Amid AI Boom
A Chinese financial regulator has expressed interest in using artificial intelligence (AI) in monetary policy, after ChatGPT, an AI chatbot, triggered investment interest and promises

Economist Kazuo Ueda Succeed Haruhiko Kuroda as Bank of Japan Governor
Kazuo Ueda will take over as the Governor of the Bank of Japan (BOJ) from Mr. Haruhiko Kuroda starting from April, 9, 2023. Unlike previous

Alibaba Divided to Six for Massive Restructuring
Alibaba Group Holdings, Chinese technology, is undergoing a major business overhaul. This grand plan regarding a business overhaul was carried out by dividing its business

ASEAN Countries Commit to Maintaining Economic Stability
ASEAN Countries Commit to Maintaining Economic Stability after having a meeting between Indonesia’s Minister of Finance and Governors of the ASEAN Central Bank (AFMGM) held

BI Supplies 5,066 New Money Exchange Points for Ramadan 2023
Bank Indonesia (BI) provides money exchange services at 5,066 branch offices throughout Indonesia to meet the needs of the public during Ramadan and Eid. Erwin