Stories from Jakarta · Indonesia

President Subianto plans to introduce the 'People's Business Credit' or KUR with interest rates capped at 5% annually.

The National Narcotics Agency (BNN) hopes Indonesian youth will prioritize physical exercise and stay away from drugs. This statement was made by BNN head, General Police, Police Commissioner General, during a large rally in Kasa.

The Indonesian government plans to limit interest rates on loans for small businesses to a maximum of 5% per year. This measure aims to expand financing access for small and micro-enterprises. The plan was discussed during a special report regarding credit accessibility.

Red tomato prices at Badak Market in Jakarta have risen to 52,000 Indonesian Rupiah per kilogram. The shortage has impacted the harvest in specific production areas. The report was filed by Samsudin Ilyas. Climate factors have reportedly impacted crop quality and yields.

The Indonesian Financial Services Authority (OJK) reported that the financial services sector grew by 7.92 percent. Indonesian financial assets and products have reached 184 percent of GDP, according to OJK. This growth was reported in Jakarta.

Indonesia and Thailand have agreed to renew their partnership focusing on the creative economy sector.

Authorities have frozen $580 million in assets related to cryptocurrency scams. The operation involved multiple jurisdictions, with actions taken in Jakarta and Kuala Lumpur. The exact nature of the scams and the identities of those involved are still under investigation.

A surge in the Pokemon card market in Indonesia has prompted government attention. The Indonesian Minister of Trade stated that supervision will be strengthened due to concerns that rising prices could contribute to inflation. The market involves players of all ages trading cards for competitive play. The minister expressed concerns that rapid price increases in the collectible card market could contribute to inflationary pressures. This indicates a economic activity or potential regulatory concern surrounding the collectible card market. The CRI News Radio segment discussed the historical context of Chinese academies, noting they predated European universities and initially served as places for compiling, teaching, and preserving classical documents, as well as hosting literary gatherings and idea exchanges.

A magnitude 4.8 earthquake struck Indonesia. Separately, a natural gas field was discovered in Egypt's Nile Delta region. The source also noted that the earthquake was not the one that occurred in the past week, which was magnitude 7.6. No tsunami warning has been issued.

The victim's identification was not found at the scene. Witnesses reported hearing a crash and seeing the second motorcycle flee the scene. Police are investigating the incident.