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.
Tag: news
Indonesia’s Fuel Prices Increase: Implications for Key Economic Sectors and Investment Climate
The rise in Pertamax fuel prices significantly affects Indonesia’s economic landscape, influencing household budgets and business operations. Unlike Malaysia and the Philippines, which use subsidies to stabilize costs, Indonesia’s approach may deter foreign investment and hinder competitiveness. To offset these challenges, Indonesia must focus on renewable energy and support for small businesses.
The Laureato Fifty Returns: A Golden Jubilee Keepsakes Moment
The Girard-Perregaux Laureato family celebrates a milestone with refreshed designs featuring ten intricate dial finishes and diverse steel-case options. This update enhances its versatility, blending luxurious craftsmanship with everyday practicality. The new colors and sizes cater to collectors and casual wearers alike, ensuring that the classic watch remains vibrant and contemporary.
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.
Indonesia’s Bold Rate Hike and Regional Perspective on Market Reactions
When Bank Indonesia raised its benchmark interest rate to 5.50%, the conventional wisdom was that equities would struggle. Higher borrowing costs usually translate into slower corporate expansion, weaker consumer demand, and a shift of investor preference toward bonds. Yet the Jakarta Composite Index (JCI) surged more than 7.5% in a single day, a move that…
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…
How Business Owners Can Prevent Workplace Injuries
As a business owner, prioritizing employee safety is not just a legal obligation; it is a fundamental aspect of responsible management and a crucial ingredient for long-term success. Workplace injuries can significantly disrupt operations, leading to lost productivity, increased insurance premiums, and even potential damage to your company’s reputation. In light of these risks, it…
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