Economic News Summary: LRT Construction Is 84.47 Percent Until BI Plans To Issue Digital Money

Jabodetabek LRT (Source: Antara)

JAKARTA - A number of important information adorned the economic news on Tuesday, May 25, starting from jabodebek LRT Construction has reached 84.47 percent as of April 30, 2021 until BI plans to issue digital rupiah currency.

Here's a summary of the full story that's still interesting to read:

1. Jabodebek LRT construction reaches 84.47 percent as of April 30, 2021

Light rail (LRT) is on the Jabodebek Cawang-Cibubur LRT track (ANTARA/Hafidz Mubarak A)

PT Adhi Karya (Persero) Tbk. revealed the progress of light rail construction or light rail transit Jabodebek phase I has reached 84.47 percent until the end of April 2021.

2. Minister of Industry: Furniture industry continues to squirm, exports rise

Industry Minister Agus Gumiwang Kartasasmita said the furniture industry continues to squirm in the midst of the current COVID-19 pandemic, so it will continue to get more attention from the government.

3. BI plans to issue digital rupiah currency

Bank Indonesia (BI) as the trustee in rupiah management plans to issue rupiah currency in digital form that has been proclaimed for a long time.

Oil prices soar 3 percent, after iran export worries ease

Oil prices rose more than three percent in late trading Monday (Tuesday morning GMT), as a surge in demand triggered by the COVID-19 vaccination drive gave traders optimism that the market could absorb iran's upcoming oil into the market if Western talks with Tehran lead to the lifting of sanctions.

5. Ministry of Energy and Mineral Resources encourages Pertamina to establish 10,000 Pertashop

The Ministry of Energy and Mineral Resources encouraged the establishment of 10,000 units of Pertashop-type Fuel Oil (BBM) sales outlets in the country, because it will facilitate consumer accessibility to energy commodities.

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