The Indonesian Young Entrepreneurs Association (HIPMI) responded to rising Pertamax fuel prices, calling for government action to protect businesses and consumers. They highlighted the adverse effects on high-mobility industries and MSMEs. HIPMI recommended measures like improving logistics efficiency and targeted incentives to mitigate operational cost pressures and support economic growth.
Category: Business
Oil, Dollar, and Dilemma – Pertamax Price Hike Exposes Fragile Energy Balance
Pertamina has raised non-subsidized fuel prices significantly, with Pertamax increasing to IDR 16,250 and Pertamax Green 95 to IDR 17,000 per liter, reflecting a 30 percent hike. This decision, driven by global market pressures, may lead consumers to switch to cheaper subsidized fuels, jeopardizing the subsidy system. Experts urge government oversight.
Malaysia and Japan Forge Strategic Partnership to Build a Resilient Technology Ecosystem
Malaysia and Japan are enhancing their partnership through a focus on technology, sustainability, and innovation. Prime Minister Anwar Ibrahim highlighted their historical collaboration in electronics and semiconductors, emphasizing trust as key to growth. Initiatives like the Asia Zero Emission Community aim for a low-carbon future, while future efforts will target the digital economy and artificial intelligence.
Indonesia Implements RON92 Petrol Price Hike Amid Subsidy Reform
Indonesia has raised the price of RON92 petrol, effective immediately, aiming to align domestic fuel costs with global market trends. This decision, made after extensive discussions, is intended to lessen subsidy burdens while promoting efficient fuel consumption. The adjustment may impact transportation costs and overall prices in the economy.
San Miguel Corporation Targets 2028 Completion of New Manila International Airport Runway
San Miguel Corporation (SMC) has reaffirmed its commitment to delivering one of the Philippines’ most ambitious infrastructure projects—the New Manila International Airport (NMIA) in Bulacan. During the company’s annual stockholders’ meeting, SMC Chairman and CEO Ramon Ang announced that construction of the airport’s first runway remains firmly on track for completion by 2028, with the…
Turkish Aerospace Eyes Kertajati as Indonesia’s Emerging Aircraft Assembly Hub
Turkish Aerospace plans to establish an aircraft manufacturing hub in Kertajati, West Java, revealed during the Indonesia Aerospace Ecosystem Forum 2026. This initiative aims to enhance Indonesia’s role in the global aerospace supply chain, leveraging local talent and infrastructure while fostering industrial partnerships to meet increasing global demand for aircraft.
The Age of Three Worlds: Europe’s Sovereignty, America’s Legacy, and China’s Ascent
France’s decision to trial its own AI-powered battlefield command system, Arcadia, during NATO exercises is a striking example of Europe’s growing determination to build alternatives to U.S. technology. Developed with French firms such as Mistral AI, Safran, Thales, and Airbus, Arcadia is being positioned as a European counterpart to Maven, the AI platform created by…
When Governments Age‑Gate the Internet: Australia’s Under‑16 Ban and What It Means for Business, Rights and Policy
Governments and tech companies have been dancing around the same problem for years: how to protect children from demonstrable online harms without strangling the civic, educational and commercial value that social platforms provide. In recent months that dance has become a full‑blown policy pivot. Australia’s decision to bar children under 16 from major social platforms…
Global Ripple Effects of China’s Capital Controls on London Financials and Beyond
London’s financial sector experienced a sharp repricing as investors reacted to Beijing’s new measures to restrict capital outflows, erasing more than £7 billion from the market value of major London‑listed banks and insurers; HSBC and Standard Chartered recorded meaningful declines while Prudential, which derives a substantial portion of its revenue from China, suffered the largest…
Netflix names longtime director Jay Hoag as chairman, succeeding Reed Hastings
Netflix has appointed Jay Hoag, its longtime lead independent director, as chairman of the board, succeeding co-founder Reed Hastings. The announcement was made in an SEC filing following the company’s annual shareholders meeting on June 4, 2026. Hastings, who transformed Netflix from a DVD-by-mail service into a global streaming leader, stepped down to focus on…
