Yesterday: Marketplace Fees Banned from Rising Until MSCI Rebalancing
Jakarta (ANTARA) - A variety of economic events occurred on Wednesday (13 May), ranging from the temporary ban on online marketplaces raising service fees to the impact of the Morgan Stanley Capital International (MSCI) index rebalancing on Indonesia’s capital market.
Here are several noteworthy economic news items from yesterday, worth revisiting on Thursday morning.
- Minister of Cooperatives and SMEs temporarily bans online marketplaces from raising service fees
Minister of Cooperatives and SMEs Maman Abdurrahman has temporarily prohibited online marketplaces or e-commerce platforms from increasing their service fees.
“Yesterday, we summoned all marketplace companies, and I firmly stated that there should be no increases for now—no increases allowed,” said Maman after the Mass KUR Agreement Event for 1,000 Creative Economy SMEs and the Outstanding Entrepreneur Exchange in Badung, Bali, on Wednesday.
- Prabowo instructs PNM interest rates to be below 9 per cent
President Prabowo Subianto has instructed that the interest rates for the Permodalan Nasional Madani (PNM) programme be reduced to below 9 per cent.
“This is a political decision; I have decided that the interest for Permodalan Nasional Madani, for credit to underprivileged families, from 24 per cent, we must lower it to below 10 per cent, must be below 9 per cent,” said President Prabowo at the Attorney General’s Office in Jakarta on Wednesday.
- Ministry of Trade targets completion of PMSE regulation revisions next week
The Ministry of Trade (Kemendag) aims to complete the revision of Minister of Trade Regulation (Permendag) Number 31 on Electronic System-Based Trading (PMSE) next week.
“Now, Kemendag is revising Permendag Number 31 on PMSE. Hopefully, it’s now in finalisation; hopefully, it will be completed next week,” said Minister of Trade Budi Santoso after inspecting food prices and supplies at Palmerah Market, Jakarta, on Wednesday.
- Coordinating Minister Zulhas: Minyakita expensive in Papua-Maluku due to distribution
Coordinating Minister for Food Affairs Zulkifli Hasan (Zulhas) stated that the high price of the people’s branded cooking oil Minyakita in Papua and Maluku is due to distribution obstacles and transportation costs.
“(Minyakita) that’s expensive is in Maluku and Papua. What does that mean? It means (price influence from the aspect of) transportation,” said Zulhas while inspecting food prices and supplies at Palmerah Market, Jakarta, on Wednesday.
- OJK responds to MSCI removing 18 Indonesian stocks from global index
The Financial Services Authority (OJK) has responded to the removal of 18 Indonesian stocks from the Morgan Stanley Capital International (MSCI) global index as a short-term consequence of reforms to enhance the integrity and transparency of Indonesia’s capital market.
“The rebalancing consequence from MSCI announced today is certainly part of the short-term consequences of the integrity reform process we are implementing,” said the Executive Head of Capital Market Supervision, Financial Derivatives, and Carbon Exchange, who also serves as a Member of the OJK Board of Commissioners, Hasan Fawzi, in Jakarta on Wednesday.