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Business & Finance

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Business & Finance PFII Governor Candidate Identified: Internal Government Figure Poised to Lead Indonesia's Global Financial Hub Ambitions by 2026

PFII Governor Candidate Identified: Internal Government Figure Poised to Lead Indonesia's Global Financial Hub Ambitions by 2026

Coordinating Minister for Economic Affairs Airlangga Hartarto announced that the candidate for Governor of the Indonesian International Financial Center (PFII) has been selected from within the government. This move is expected to accelerate Indonesia's vision as a global financial hub, supported by leadership with a deep understanding of policy and bureaucracy.

Business & Finance Rupiah Soars: President Prabowo Nominates Destry Damayanti as BI Governor, Market Cheers!

Rupiah Soars: President Prabowo Nominates Destry Damayanti as BI Governor, Market Cheers!

The Indonesian rupiah displayed significant appreciation at the close of trading on Monday, September 10, 2026, following President Prabowo Subianto's proposal to appoint Destry Damayanti as Bank Indonesia Governor. This decision was met with positive market sentiment, signaling confidence in the prospects of monetary and economic stability.

Business & Finance IKN Investment Boom: Private Sector Pours Over Rp 74.54 Trillion by 2026

IKN Investment Boom: Private Sector Pours Over Rp 74.54 Trillion by 2026

By early 2026, Indonesia’s new capital, Nusantara (IKN), has drawn over Rp 74.54 trillion in cumulative private investment, reflecting strong confidence in the 'smart forest city' vision. Funds are pouring into vital sectors like hospitality, education, healthcare, and infrastructure, driving economic growth and job creation in East Kalimantan.

Business & Finance Intel Supercharges AI Ambitions: $15 Billion Capital Raise Fuels Next-Gen Semiconductor Innovation

Intel Supercharges AI Ambitions: $15 Billion Capital Raise Fuels Next-Gen Semiconductor Innovation

Intel has confirmed the completion of a US$15 billion (Rp 266.76 trillion) stock offering in early 2026, with all proceeds dedicated to accelerating the company's artificial intelligence (AI) business development. This significant investment will boost innovation in AI accelerators, software ecosystems, and chip manufacturing services to strengthen Intel's position in the competitive global AI market.