Business
Shell to Discontinue Gas Station Business in Indonesia Starting in 2026
Shell will exit Indonesia’s gas station business in 2026, divesting around 200 stations to a joint venture between Citadel Pacific Limited and Sefas Group. The move, part of Shell’s global portfolio shift, excludes its lubricants unit. Shell fuel will remain available under a brand licensing agreement after the ownership transfer.
Financial
OVO Finansial Says Fintech Lending Profits Could Exceed 2024 by 2025
OVO Finansial projects fintech lending profits in 2025 could surpass 2024’s Rp 1.65 trillion, with industry profits already at Rp 1.34 trillion by July. Backed by 22% growth, OVO leverages AI, risk management, and data-driven strategies to expand digital lending through Grab’s ecosystem, supporting MSMEs and national economic growth.
Regarding the revision of the State Finance Law, Finance Minister Purbaya said there has been no discussion yet.
Finance Minister Purbaya Yudhi Sadewa confirmed that the government has not yet held any discussions on revising the State Finance Law, despite the bill being listed as a priority in the 2025 legislative program. He emphasized that existing budget limits will be maximized for optimal economic impact.
Indonesia Affirms Financial Commitment to Palestine Amid UNRWA Funding Crisis
Indonesia pledges ongoing financial support to UNRWA, despite funding shortfalls, reaffirming its commitment to humanitarian solidarity with Palestine.