Indonesian Political, Business & Finance News

Yesterday: From New Railway Line Construction to Minyakita Stock

| Source: ANTARA_ID Translated from Indonesian | Economy
Yesterday: From New Railway Line Construction to Minyakita Stock
Image: ANTARA_ID

Jakarta (ANTARA) - Several economic news items from Wednesday (22/4/2026) remain compelling reading today. Ranging from the construction of a new railway line in Kalimantan, the strengthening of LKBN ANTARA as the state information ecosystem, to issues regarding Minyakita stocks.

Here is a summary of the news:

Government Targets Construction of 2,772 km Railway Line in Kalimantan

The government is targeting the construction of 2,772 kilometres of railway lines across Kalimantan Island as an effort to strengthen connectivity and support logistics distribution in the region.

Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono (AHY) stated that the plan is still in the calculation and planning stage by the government.

“The plan for railway line construction in Kalimantan is still being carefully calculated and planned by us,” said AHY after the national railway network development coordination meeting at the new Tanah Abang Station, Jakarta, on Wednesday.

BP BUMN Supports Acceleration of ANTARA as State Information Ecosystem Actor

The State-Owned Enterprises Regulatory Agency (BP BUMN) fully supports the acceleration of the Antara News Agency (LKBN ANTARA) as an actor in the state information ecosystem.

“Implementing fundamental changes is challenging. We will go all out to support ANTARA’s acceleration as an actor in the state information ecosystem,” said Head of BP BUMN Dony Oskaria during a meeting with the Supervisory Board and Directors of LKBN ANTARA in Jakarta on Wednesday.

Ministry of Industry Assesses Consumer Preference Shifting to Energy-Efficient Vehicles

The Ministry of Industry (Kemenperin) assesses that there has been a shift in consumer preference towards energy-efficient vehicles, which is also driving a significant increase in the electric vehicle (EV) market.

“There has been a change in consumer preference. The public is starting to choose vehicles that are more energy-efficient and environmentally friendly. This is a positive signal for the national automotive industry transformation,” revealed Director General of Metal, Machinery, Transportation Equipment and Electronics Industry (ILMATE) of Kemenperin Setia Diarta during a discussion on the Surge in Global Oil Prices, Momentum to Boost EV Adoption in Jakarta on Wednesday.

Bank Indonesia Confident Rupiah Can Strengthen, Supported by Indonesia’s Economic Fundamentals

Bank Indonesia (BI) is confident that the rupiah exchange rate will move stably and tend to strengthen, supported by Indonesia’s economic fundamentals, high economic growth, low inflation, and attractive returns on domestic financial assets.

“We emphasise that the current rupiah exchange rate is undervalued compared to the fundamentals,” said BI Governor Perry Warjiyo in a press conference on the results of the BI RDG virtually in Jakarta on Wednesday.

National Food Agency: Minyakita Stocks Safe, Price Increases Due to Distribution

The National Food Agency (Bapanas) emphasises that the availability of raw materials for packaged cooking oil for the people under the Minyakita brand is in a safe and sufficient condition, so there is no reason for businesses to raise prices above the provisions.

Main Secretary of Bapanas Sarwo Edhy in his statement in Jakarta on Wednesday said that the price increase of Minyakita in the market is more due to unresolved distribution issues.

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