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Consequence

Hotman Paris Reacts to Laughter Over Tom Lembong Mention in Court

by Emma Walker – News Editor July 29, 2025

written by Emma Walker – News Editor

Nine executives from private sugar companies have been charged in Jakarta corruption Court for allegedly causing state financial losses amounting to Rp 578 billion through illicit sugar import activities. Prosecutors contend that the defendants also personally benefited from the alleged corruption.

The indictment, presented on Thursday (June 19), names the following individuals:

Tony Wijaya NG, President Director of PT Angels Products (as 2003)
surianto Eka Prasetyo, Director of PT Makassar Tene (since 2006)
Hansen setiawan, President Director of PT Sentra busahatama Jaya (since 2013)
Indra Suryaningrat, President Director of PT medan Sugar Industry (since 2012)
Eka Sapanca, President Director of PT Permata Dunia Main Sukses (since 2015)
Wisnu Hendraningrat, President Director of PT Andalan Furnindo (since 2015)
Hendrogiarto A Tiwow, Authority of the Directors of PT duta Sugar International (since 2016)
Hans Falita Hutama, President Director of PT Berkah Manis makmur (since 2012)
Ali Sandjaja Boedidarmo, Managing Director of PT Kebun tebu Mas

The prosecutor stated that the alleged state financial loss attributed to these defendants totals Rp 578,105,411,622.47.

The prosecution alleges that these actions were undertaken in conjunction with Thomas trikasih Lembong, who served as Minister of Trade from August 12, 2015, to July 27, 2016. Also implicated are Charles sitorus, former Director of Business Development at PT Indonesian Trade Company (PT PPI), and Enggartiasto Lukita, who held the position of Minister of Trade from July 27, 2016, to October 20, 2019.

(amw/azh)

July 29, 2025 0 comments

Business

Revealed! This is the cause of the F&B outlet from China, the flood of the Republic of Indonesia

by Priya Shah – Business Editor July 21, 2025

written by Priya Shah – Business Editor

Chinese Food Outlets Flood Indonesian Market

Local Businesses Face Intense Competition

Indonesian small and medium-sized enterprises (SMEs) are grappling with a significant increase in food and beverage (F&B) outlets originating from China. These new entrants are rapidly appearing across the archipelago, intensifying competition for local businesses.

A Lucrative Target Market

The vast Indonesian population and its consumer habits have made the country a prime target for Chinese businesses. According to Levita Ginting Supit, Chairman of the Indonesian Franchise & License Association, the nation’s large demographic is the primary driver behind this influx.

“Indeed, Indonesia is a target market for businesses in foreign countries. So now we are the target market for China. Why? Because Indonesia is a large country and population. That is the target market of F&B that enters Indonesia.”

—Levita Ginting Supit, Chairman of the Indonesian Franchise & License Association

Levita Ginting Supit further noted the Indonesian propensity for trying new culinary experiences. “Take a look at every time there is an F&B that enters new Indonesia from abroad, it must be immediately invaded, immediately crowded because Indonesian people always want to know every food from abroad that enters Indonesia. That is typical of the Indonesian people,” she explained.

Pricing and Trade Agreements Fuel Growth

The affordability of Chinese F&B options is a key draw for consumers, attributed to lower raw material costs. Bhima Yudhistira, Executive Director of the Center for Economic and Law Studies (Celios), highlighted the impact of favorable trade agreements.

He stated that low tariffs under the China-ASEAN Free Trade Area (CAFTA) and RCEP significantly reduce the cost of imported Chinese ingredients for F&B businesses operating in Indonesia. Additionally, lower operational expenses, including more economical rental spaces outside of major shopping centers, contribute to Indonesia’s appeal.

This surge in Chinese F&B presence is part of a broader trend. Research from Singapore’s Momentum Works indicates that over 6,100 Chinese F&B outlets entered the Southeast Asian market since 2022, with Indonesia and Vietnam accounting for approximately 4,000 of these establishments. This expansion is partly a response to a struggling domestic market in China, where over a million F&B businesses closed in 2024 due to oversupply and stagnant consumption.

The Indonesian market’s economic stability and relatively permissive regulatory environment present a compelling alternative for Chinese businesses seeking new growth avenues. For context, the global fast-food market is projected to reach $1.77 trillion by 2030, demonstrating the immense scale of opportunities in the sector (Grand View Research, 2024).

July 21, 2025 0 comments

Business

Shopping Centers Face ‘Rojali’ Trend as Purchasing Power Drops

by Priya Shah – Business Editor July 21, 2025

written by Priya Shah – Business Editor

the “Rojali” phenomenon, characterized by consumers prioritizing low-unit-price items, is a direct consequence of diminished purchasing power, according to APPBI Chairperson Alphonzus Widjaja. This economic downturn has reshaped consumer spending habits, leading individuals to frequent shopping centers but opt for more affordable products due to limited funds.

Widjaja explained that this trend is not unprecedented, typically emerging during periods of economic decline and recovering as purchasing power improves. He emphasized that the “Rojali” phenomenon is temporary and not indicative of a basic shift in consumer numbers.

To counter this trend, retailers and shopping centers are increasingly implementing discount programs and promotions to make goods accessible to the public, particularly the lower to middle-income segments.

Earlier, David Sumual, Head of Bank Central Asia (BCA), noted a general caution in consumer spending throughout the frist half of 2025, especially among the upper-middle class. Data suggests a slowdown in consumer activity, despite a relatively stable corporate sector. This cautious spending, which drives a notable portion of consumption, has been likened by luxury goods suppliers to the economic climate of the 2008 crisis.

Instead of spending, manny in the middle class are choosing to invest their money in instruments such as deposits, demand deposits, and state securities (SBN). While other investment avenues like digital gold, physical gold, and jewelry are also being considered, traditional savings and government-backed securities appear to be the preferred choices for “parking” their funds.

July 21, 2025 0 comments

Business

Trump tariffs affected, Uniqlo will increase the price!

by Priya Shah – Business Editor July 11, 2025

written by Priya Shah – Business Editor

Uniqlo to Hike Prices as US Tariffs Loom

Fast Retailing, the parent company of Uniqlo, anticipates that rising import tariffs in the United States will significantly affect its business, necessitating price increases by the end of 2025.

Tariffs Force Price Adjustments

According to Finance Director Takeshi Okazaki, Uniqlo’s reliance on production in Southeast and South Asia for its U.S. merchandise means it cannot escape the impact of tariffs imposed under the Trump administration.

Okazaki told Reuters on Friday (11/7/2025) that “It is inevitable that we will be significantly affected starting autumn and winter. It will be difficult to bear all costs. Our approach is to raise prices if possible and not if it is not possible, while ultimately focusing on sustainable business creation that generates a safe profit.”

Financial Outlook Maintained

Despite the challenges, Fast Retailing is maintaining its operating profit forecast of 545 billion yen (approximately Rp 60.43 trillion) for the fiscal year ending in August. This projection accounts for the initially limited tariff impact due to existing inventory in the U.S. market.

Economic Headwinds

Resurgent inflation, coupled with an economic slowdown caused by the tariffs, has dampened consumer spending in the U.S. and other key markets. The latest measures by Trump, with an August 1, 2025 deadline, are expected to affect numerous trading partners. Recent data from the U.S. Census Bureau indicates that consumer spending growth slowed to 0.2% in May 2025, reflecting these economic pressures (U.S. Census Bureau).

Trade Impact on Clothing Exporters

Trump‘s administration is targeting clothing exporters. For example, Sri Lanka will face a 30% tariff starting August 1, 2025. Vietnam, a competitor, will face a lower 20% rate; however, goods re-shipped through Vietnam from a third country will incur a 40% tariff.

Shifting Focus Amidst Sluggish Demand

Uniqlo foresees lower sales and profits in China for the fourth quarter of 2025 due to weak demand for finished clothing. Amidst the economic deceleration in China, the company is eyeing growth opportunities in North America and Europe.

Stock Performance Reflects Concerns

Fast Retailing’s stock experienced a notable decline in the first half of 2025, dropping by approximately 8%, according to LSEG data.

July 11, 2025 0 comments

Business

Trump fares, Chinese Industry Bend Belur

by Priya Shah – Business Editor July 9, 2025

written by Priya Shah – Business Editor

Jakarta –

The Chinese industry has fallen into deflation with the worst level in the last 2 years. This condition is due to the second largest economy in the world wrestling with the uncertainty of the global trade war and weakening domestic demand.

Although consumer prices rose for the first time in five months, the increase was only a little due to a prolonged decline in the housing market in China. This adds to other obstacles, followed by US President Donald Trump on trading partners.

Quoted from Reuters on Wednesday (9/7/2025), the producer price index fell 3.6% in June compared to the previous year, worse than the 3.3% decline in May and the biggest decline since July 2023. This figure was compared to the estimated decline of 3.2% in Reuters polls.

SCROLL TO CONTINUE WITH CONTENT

NBS statistical, Dong Lijuan, said that a number of export -oriented industries in China are under price pressure.

“Uncertainty in the global trade environment has influenced the expectations of the company’s exports,” said Dong.

Factory activity shrank for the third month in a row in June, although with a slower rate, with employment and new export orders are still sluggish.

“We estimate the demand will weaken later this year, because exports are slowing down and the encouragement of fiscal support is reduced,” said Chinese economist at Capital Economics, Zichun Huang.

Because weak domestic demand is still a burden on the Chinese economy, companies use price discounts to increase sales. This condition encourages the authorities to urge the end of a detrimental price war in the automotive industry.

Also watch “PBB Trading Agency Trump Tariff Value has a negative impact on the US” here:

(stable/ord)

July 9, 2025 0 comments

News

Indonesia Evacuates Citizens From Iran: First Stage Begins

by Emma Walker – News Editor June 20, 2025

written by Emma Walker – News Editor

Indonesia Commences Citizen Evacuation from Iran Amidst heightened tensions

Table of Contents

Indonesia Commences Citizen Evacuation from Iran Amidst heightened tensions

Jakarta – The Indonesian government has initiated the evacuation of its citizens from Iran, starting today, June 20, 2025, as regional tensions intensify [[2]]. The initial phase involves transporting 115 Indonesian nationals via four buses from Tehran to Baku, Azerbaijan.

Coordinating Minister for Politics and Security, Budi Gunawan, announced the commencement of the evacuation following a cross-ministerial and institutional coordination meeting focused on ensuring the safe return of approximately 386 Indonesian citizens currently residing in Iran. The effort involves strategic collaboration between the coordinating Ministry for Politics and Security,the Ministry of Foreign Affairs,the Indonesian National Armed Forces (TNI),the State Intelligence Agency (BIN),the ministry of Human Development and Culture (PMK),and the Ministry of Home Affairs.

Land Evacuation Plan Activated

Given the restrictions on air travel into iran, the evacuation is primarily being conducted via land routes. Indonesian Foreign Minister Sugiono stated that diplomatic notes have been issued, and an emergency communication channel has been established for Indonesian citizens in the affected region.Citizens are urged to remain calm, adhere to the guidance provided by Indonesian representatives, and promptly report any needs or requests for assistance.

Did You Know? The U.S.Department of State advises citizens to reconsider travel to Iran due to the risk of terrorism,arbitrary arrest,and detention. U.S. Department of State – Iran Travel Advisory

Minister sugiono had previously outlined the government’s evacuation strategy, emphasizing that land evacuation is the only viable option due to airspace limitations. He noted that the majority of the 380 Indonesian citizens in Iran reside in Tehran.

Embassy Preparedness and Regional Coordination

The Indonesian Embassy in Tehran has been instructed by the Ministry of foreign Affairs to assess the evacuation plan and implement contingency measures. The embassy’s preparedness level has been elevated from Alert 2 to Alert 1. Furthermore, communication has been established with neighboring countries to facilitate border crossings during the evacuation process [[2]].

Pro tip: Travelers should always register with their embassy or consulate in the country they are visiting to receive critically important safety updates and assistance in case of emergencies.

Indonesia’s largest Islamic organization,the Nahdlatul Ulama,has condemned recent attacks and called upon the United Nations to take swift and decisive action to de-escalate the conflict [[1]].

Air Force Readiness

The Indonesian Air Force is also on standby, with Hercules and Boeing aircraft prepared to assist in the evacuation of Indonesian citizens from both Iran and Israel, pending further orders [[3]]. First Marshal nyoman Suadnyana confirmed the Air Force’s readiness on Friday, June 20, 2025.

Key Evacuation Metrics
Metric	value
Evacuation Start Date	June 20, 2025
initial Evacuees	115
total Citizens in Iran	380
Primary Evacuation Route	Land (Tehran to Baku)

What measures should international bodies take to ensure the safety of civilians in conflict zones? How can technology be better leveraged to assist in emergency evacuations?

evergreen Insights: Understanding the Context

The evacuation of Indonesian citizens from iran highlights the complexities of international relations and the responsibility of governments to protect their citizens abroad. Geopolitical instability, particularly in the Middle east, often necessitates such measures. The historical context of regional conflicts and diplomatic relations between Indonesia and Iran plays a crucial role in shaping the evacuation strategy.

Indonesia maintains a non-aligned foreign policy, seeking to foster peaceful relations with all nations. However, escalating tensions and potential threats to its citizens require proactive measures to ensure their safety and well-being. The current situation underscores the importance of robust emergency response plans and effective communication channels between governments and their citizens abroad.

Frequently Asked Questions

What is the current travel advisory for Iran?: Many countries have travel advisories in place for Iran, often recommending that citizens reconsider travel due to safety concerns, including the risk of terrorism and arbitrary detention.
How can Indonesian citizens in Iran stay informed during the evacuation?: Indonesian citizens should closely monitor updates from the Indonesian Embassy in Tehran and register with the embassy to receive direct communications.
What are the potential challenges of a land evacuation?: Land evacuations can be complex due to logistical challenges, border crossing requirements, and potential security risks along the route.
What support is Indonesia providing to its citizens during this time?: Indonesia is providing transportation, logistical support, and consular assistance to its citizens to facilitate their safe return home.

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June 20, 2025 0 comments

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