Yesterday, MBG Limited to School Days Until Capital Market Transparency Reforms Completed

Jakarta (ANTARA) - Various economic events that occurred throughout Thursday (2/4) remain fresh and relevant to review on Friday morning. From the Free Nutritious Meals (MBG) programme being distributed only during school days to the completion of four agendas for reforming capital market transparency in Indonesia. Here is a summary of selected news. Government decides MBG provision only during school days The government has decided to provide Free Nutritious Meals (MBG) only on days when students attend school, or not provided on holidays. This follows an inter-ministerial/institutional evaluation presented at a limited coordination meeting at the Coordinating Ministry for Food Affairs in Jakarta on Thursday. Pertamina ensures LPG supply remains safe after fire at Cimuning SPBE PT Pertamina Patra Niaga Regional West Java (JBB) has assured that LPG supplies to the public remain safe following a fire at the Bulk LPG Filling Station (SPBE) on Cinyosog Road, Cimuning Village, Bekasi City, on Wednesday (1/4) night. “Pertamina Patra Niaga Regional JBB assures that LPG supplies to the public remain safe,” said Area Manager for Communications, Relations & CSR Regional JBB of PT Pertamina Patra Niaga, Susanto August Satria, in a statement received in Jakarta on Thursday. Apindo: Subsidised fuel restrictions need clarity on technical implementation The Indonesian Employers’ Association (Apindo) believes there needs to be clarity regarding the technical implementation of restrictions on subsidised fuel oil (BBM) purchases, particularly regarding the definition of vehicles included in the exception category, the exception mechanism, and technical arrangements at the petrol station level. Apindo General Chairman Shinta W. Kamdani said in a statement in Jakarta on Thursday that this is important so that public service activities as well as distribution and logistics continue to run smoothly. Prabowo secures Rp574 trillion investment commitments from Japan-South Korea Coordinating Minister for the Economy Airlangga Hartarto stated that President Prabowo Subianto’s visit to Japan and South Korea successfully secured investment commitments of up to Rp574 trillion. During his visit to Japan, Prabowo agreed on investment commitments worth 23.6 billion US dollars or approximately Rp401 trillion, while in Seoul, South Korea, concrete agreements were reached in the form of the signing of various memoranda of understanding (MoU) between business actors with a total value of 10.2 billion US dollars or equivalent to Rp173 trillion. Transparency completed, OJK confident MSCI will not downgrade Indonesia’s capital market status The Financial Services Authority (OJK) is optimistic that Indonesia’s capital market status will not be downgraded by Morgan Stanley Capital International (MSCI) Inc from emerging market to frontier market following the completion of four agendas for reforming capital market transparency in Indonesia. Head of the Executive for Capital Market Supervision, Derivative Finance and Carbon Exchange OJK, Hasan Fawzi, said that Indonesia’s capital market currently has a stronger position in terms of transparency, integrity, information disclosure, and rule enforcement, even described as more advanced compared to several regional and global capital markets.