Economics and Business News


 Rupiah Becomes 'King' This Morning

The US dollar exchange rate this morning fell against the rupiah. The US dollar weakened 39 points to Rp. 14,231.

Quoted from RTI, Tuesday (21/9/2021), the US dollar moved in the range of 14,219 to 14,266. Since its opening, the US dollar has continued to weaken.

In the past month, the US dollar has weakened 1.15% against the rupiah. In a year down 3.56%. The US dollar weakened almost against all currencies. The dollar only strengthened against the Japanese Yen.

Meanwhile, the movement of the rupiah this morning was encouraging. Rupiah strengthened against all currencies. At the deepest, the rupiah strengthened against the US dollar. The exchange rate of the United States dollar (US) against the rupiah this morning strengthened. The US dollar was up 27 points (0.19%) to 14,225.

Citing RTI data on Monday (20/9/2021), the movement of the US dollar against the rupiah today is in the range of 14,198 to 14,228.

In the past week, the US dollar weakened 0.25% against the rupiah. Meanwhile, in the last month, the US dollar weakened by 1.36%. The US dollar strengthened against all currencies this morning. The US dollar is the most powerful against the Australian dollar (0.50%).

Meanwhile, the rupiah also strengthened almost against all currencies. The rupiah this morning strengthened the most against the Korean Won with a 1.49% strengthening.

How to Activate Himbara Account for BCA/Private Account Owners so that BSU Stages 4, 5 Disburse Immediately

 What is the process for activating a new Himbara account for employees or workers holding BCA and Private Bank accounts to disburse Wage Subsidy Assistance (BSU) funds? Read more.

Currently, the Ministry of Manpower (Kemnaker) has begun to disburse BLT funds for salary subsidies of Rp. 1 million for employees who have non-Himbara accounts such as BCA, CIMB Niaga, MNC Bank, and other private banks.

According to Seputarlampung.com from the Ministry of Manpower's Official Website, the distribution of BSU for BCA and private account holders has started in stage 3. The disbursement in stage 3 was carried out through an account opening scheme. collectively (Burekol) for workers or employees receiving BSU who hold non Himbara accounts.

"Alhamdulillah, the distribution of BSU in the third stage through the Burekol scheme has already been running. Yesterday in Semarang, I was able to review the implementation of this Burekol where the Himbara bank picks up the ball to companies whose BSU recipients do not have a Himbara Bank account. This effort is carried out to maintain health protocols, to avoid crowds, and to simplify the process of activating Burekol accounts," said Minister of Manpower Ida Fauziyah.

On another occasion, Ida Fauziyah asked the company to continue to coordinate with Himbara Bank regarding the disbursement of BSU or BLT salary subsidies for workers/labor distributed through the Burekol account opening scheme.

Minister of Manpower Ida added that the new account activation process is carried out by the company, where the channeling bank goes to each company to activate the new account. account activation independently.

"We hope that companies whose workers have been registered as BSU recipients through the Burekol scheme will immediately coordinate with Himbara Bank regarding the activation of new accounts that have been created by the government," said Minister of Manpower Ida Fauziyah on Friday, September 17, 2021.

“So we hope that the activation of this new account will not cause a buildup of people in the bank. This is a form of our adherence to implementing health protocols," he added.

Given that BSU stages 4 and 5 are likely to be liquidated this month. Employees who own BCA and Private Banks, immediately update the status of your BSU distribution stages 4 and 5 by visiting Bsu.Kemnaker.go.id. Here's how:

· Visit the website https://bsu.kemnaker.go.id/

· Create an account on the Ministry of Manpower page

· Account activation using the OTP code that will be sent to your mobile number. Log back in by logging into your account.

· Complete your profile biodata in the form of a profile photo, about you, marital status, and type of location.

· Check Notifications. After that, a recipient notification will appear.

Import Steel Competition in RI

Imported steel still overshadows domestic products. Although Indonesia has started to export steel, the domestic steel market must compete with imported products.

According to the President Director of Krakatau Steel, Silmy Karim, so far the local steel market has been dominated by two groups, namely industrialists and traders. Many import desires come out of traders or traders who become importers. Not infrequently these traders import steel in a less precise way and even tends to cheat.

"We also think, why export if the domestic market is taken by other countries? Here there are two interests, the interests of traders and industrialists, if traders want to import and use inappropriate methods," said Silmy in the IDX Channel Market Review, WednesdayHe explained that the most common fraudulent method used by rogue steel importers was to circumvent the HS Code of steel when importing. Imported steel is made into products that have a 0% import duty.

That way, steel will be cheaper, when competing in the consumer market it is likely to choose a cheaper one. This makes domestic steel less competitive in the market.

"There is the transfer of the steel HS Code, this is where the steel is played so that the entry fee is changed to 0," said Silmy.



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