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OJK Revokes TaniFund's License Over Non-Compliance Issues
OJK officially revoked the peer-to-peer lending company Tani Fund Madani Indonesia (TaniFund) business license on May 3rd.
BusinessAstrazeneca Pulls Its Covid Vaccine from European Market
The approval for AstraZeneca's Vaxzevria had been withdrawn “at the request of the marketing authorization holder.”
NewsBorobudur Prepares for Vesak Celebration and Thousands of Buddhist Pilgrims
Vesak, also known as Buddha Day or Waisak in Indonesia, is the most significant celebration for Buddhists across Asia.
LifestyleBI Governor Confident Rupiah Will Strengthen Below 16,000 Against US Dollar
Decisive measures taken by the country’s monetary authorities have proven effective in easing the weakening of the rupiah.
BusinessCustoms Office Thwarts Smuggling Attempt of Ecstasy Pills Disguised as Auto Parts
The pills were imported from Belgium and the Netherlands in two separate incidents using postal services.
NewsSpecial Updates
New Capital Nusantara Catches Austria’s Attention: Envoy
Austrian companies have shown huge interest of investing in Indonesia's new capital Nusantara, according to diplomat Thomas Loidl.
BusinessEx-Minister Misuses Gov't Funds for Sacrificial Cows and Pricey Painting
Former Agriculture Minister used government funds for qurban and Rp 200 million painting, witnesses claim.
NewsToyota Racks Up Booming Profit, Vows to Invest to Keep Growth Going
The results exceeded Toyota’s own projection for a 4.5 trillion yen profit, as its global sales surged to 9.4 million vehicles.
BusinessIndonesia vs. Guinea: A Test of Physicality in Paris Olympic Playoff
The winner secures a spot in the 2024 Olympics in Paris.
NewsTeachers and Students Struggle with Online Loan Debt Due to Poor Financial Literacy
Teachers and students are among the most affected groups when it comes to defaulting on online loans
BusinessBusiness
Chandra Asri Group, Glencore to Acquire Shell’s Energy and Chemicals Assets in Singapore
Chandra Asri Group and Glencore have entered into a sales and purchase agreement with Shell Singapore.
Special UpdatesMirae Economist Warns of Declining Purchasing Power Despite Indonesia's Economic Growth
According to Rully Arya Wisnubroto, household consumption growth stayed below 5 percent year on year for two consecutive quarters
BusinessIndonesia’s Foreign Exchange Reserves Drop to $136.2b in April
The central bank attributed the decline to the government’s payment of foreign debts, among others.
BusinessJokowi Wants Indonesia to Seize $14.4b Global Tilapia Fish Market
Indonesia should try to tap into the world’s tilapia market as the global demand for the fish topping $14 billion in value, Jokowi says.
BusinessMahalini Converts to Islam Ahead of Her Wedding: A Guide to the Conversion Process
Before converting to Islam, one must sincerely believe in its principles and teachings and decide to convert voluntarily.
Lifestyle