Indonesian Political, Business & Finance News

Yesterday, National Fuel Oil Stock and 140,000 Housing Units in Cikarang

| Source: ANTARA_ID Translated from Indonesian | Economy
Yesterday, National Fuel Oil Stock and 140,000 Housing Units in Cikarang
Image: ANTARA_ID

Jakarta — Various economic developments were reported by ANTARA News Agency on Sunday (8 March), ranging from national fuel oil (BBM) stocks to funding allocation for the construction of 140,000 housing units in Cikarang, West Java.

The following is a summary of yesterday’s economic news worth noting this morning.

National Energy Council states fuel oil stocks are secure, urges public to remain calm

A member of the National Energy Council (DEN), M Kholid Syeirazi, stated that the current national fuel oil availability is sufficient, so the public need not worry or panic as Pertamina is prepared to maintain supplies.

He explained that a reserve of approximately 20 days does not mean that fuel will run out afterwards, since Pertamina continues to stabilise stocks.

Pertamina Patra Niaga prepares five free buses for motorcycle taxi drivers

PT Pertamina Patra Niaga has prepared five buses under a free homecoming travel programme for motorcycle taxi or online ride-hailing driver partners.

“On 15 March, we are preparing five buses to send off motorcycle taxi driver partners in a joint homecoming programme organised by Pertamina,” explained Eko Ricky Susanto, Director of Retail Marketing at PT Pertamina Patra Niaga, in a statement in Jakarta on Sunday.

Financial Services Authority records Islamic financing receivables of 31.05 trillion rupiah in January 2026

The Financial Services Authority (OJK) revealed that Islamic financing receivables in January 2026 grew 10.96 per cent year-on-year to reach 31.05 trillion rupiah.

Agusman, Head of the Executive Supervision of Financing Institutions, Capital Venture Companies, Microfinance Institutions and Other Financial Service Institutions (PVML) at OJK, stated that the positive performance of the Islamic financial industry intermediation was supported, among other factors, by increased Islamic financing by multifinance companies.

Financial Services Authority predicts financing disbursement to increase ahead of Eid al-Fitr

Agusman, Head of the Executive Supervision of Financing Institutions, Capital Venture Companies, Microfinance Institutions and Other Financial Service Institutions (PVML) at the Financial Services Authority (OJK), projects that financing disbursement has the potential to increase as the Islamic New Year 1447 Hijri approaches ahead of Eid al-Fitr.

“The period from Ramadan until just before Lebaran becomes a momentum for increased financing disbursement, as public needs increase along with seasonal additional working capital for small and medium enterprises,” said Agusman in an official statement received in Jakarta on Sunday.

Danantara prepares 16 trillion rupiah to build housing on Lippo donated land

The Investment Management Agency (BPI) Danantara, or Danantara Indonesia, has prepared a budget of up to 16 trillion rupiah to support the construction of vertical housing on donated land from Lippo Group.

James Riady, founder of the Pelita Harapan Foundation, donated three plots of land covering approximately 30 hectares in Cikarang, Bekasi Regency, West Java, which is planned for the development of 140,000 units of vertical housing for low-income households (MBR).

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