Yesterday, Financial Stability Maintained as Two Forest Utilisation Permits Revoked
Jakarta (ANTARA) - Various economic events occurred on Thursday (7/5), ranging from the KSSK stating that the financial system stability was maintained amid the Middle East conflict, to the Forestry Minister revoking two forest utilisation permits due to the deaths of two elephants in Bengkulu.
Here is a compilation of economic news from LKBN ANTARA.
KSSK: Financial System Stability Maintained Amid Middle East Conflict
The Financial System Stability Committee (KSSK) assessed that fiscal, monetary, and financial sector conditions during the first quarter of 2026 remained stable amid increasing global financial market volatility due to the escalation of the conflict in the Middle East.
Finance Minister Purbaya Yudhi Sadewa, in a press conference in Jakarta on Thursday, explained that entering April 2026, the dynamics of resolving the Middle East conflict continue to be the main factor in global financial market volatility, particularly the surge in energy prices.
Finance Minister Purbaya Targets Electric Vehicle Incentives Implementation from June
Finance Minister Purbaya Yudhi Sadewa is targeting the implementation of electric vehicle (EV) incentives, both for electric motorcycles and electric cars, starting in June 2026, to reduce petroleum fuel (BBM) consumption.
“The budget will be calculated and prepared. Clearly, I want it to be implemented starting early June,” Purbaya said during the Financial System Stability Committee (KSSK) press conference in Jakarta on Thursday.
Bahlil Accompanies Prabowo to Discuss Electricity Interconnection at ASEAN Summit
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia accompanied President Prabowo Subianto to discuss strategic energy sector issues, one of which is cross-border electricity interconnection in the region at the 48th ASEAN Summit.
“Indonesia continues to push for strengthened ASEAN energy cooperation to ensure regional energy resilience remains maintained, including through strengthened energy connectivity, supply diversification, and acceleration of sustainable energy transition,” said ESDM Ministry Spokesperson Dwi Anggia in her statement confirmed by ANTARA in Jakarta on Thursday.
BI Records $3.3 Billion Foreign Inflow During April
Bank Indonesia Governor Perry Warjiyo stated that foreign portfolio investment experienced an inflow of $3.3 billion in early second quarter to 30 April 2026, mainly supported by inflows into SRBI instruments.
Perry, during the Financial System Stability Committee (KSSK) press conference in Jakarta on Thursday, said this development followed net outflows of $1.7 billion in the first quarter of 2026.
Forestry Minister Revokes Two PBPH Permits Due to Deaths of Two Elephants in Bengkulu
Forestry Minister Raja Juli Antoni has officially revoked two Forest Utilisation Business Approvals (PBPH) following the deaths of two elephants in the Seblat area, Bengkulu.
“Two elephants were found dead. Therefore, I will revoke the PBPH of PT API (Anugerah Pratama Inspirasi) and PT BAT (Bentara Alam Timber),” the Forestry Minister said in his statement in Jakarta on Thursday.