The Largest Value of Foreign Exchange Reserves in History
Bank Indonesia (BI) noted that Indonesia's foreign exchange reserves at the end of September 2021 reached USD 146.9 billion. This figure increased compared to the position at the end of August 2021 of USD 144.8 billion and higher than USD 137.3 billion in July 2021. Director The Head of the BI Communications Department Group, Muhamad Nur, stated that September's foreign exchange was the highest in history. The increase in the position of foreign exchange reserves in September 2021 was influenced, among other things, by tax and service receipts and the withdrawal of government foreign debt," said Muhamad Nur in his official statement in Jakarta, Thursday. (7/10). Supported by stability and maintained economic prospects, along with various policy responses to encourage economic recovery," said Muhamad Nur.
style="text-align: justify;">
Foreign Minister Retno's Lobby Succeeded, Britain Announced Good News for Indonesia
Thanks to the lobbying carried out by Foreign Minister Retno Marsudi, Indonesia managed to get out of the international travel red list category made by the British government. The encouraging policy will come into effect on 11 October. The announcement was made by the British Transport Minister Grant Shapps on Thursday (7/10). "Indonesia's exclusion from the red list category is the result of the lobbying carried out by Foreign Minister Retno Marsudi when meeting with British Foreign Minister Liz Truss on the sidelines of the UN General Assembly in New York on September 20, 2021," said Indonesian Ambassador to the UK Desra Believe in a statement received by ANTARA, Friday (8/10). Ambassador Desra said the decision was a form of acknowledgment of Indonesia's success in overcoming the COVID-19 outbreak. He also said he had met with Ambassador Sarah Cooke from the British Foreign Ministry before the official announcement and had earlier received information that Indonesia would be excluded from the UK travel "red list" category. Indonesian citizens in the UK are asked to continue to monitor the local government's international travel policies through the GOV.UK website, as well as the Indonesian Embassy in London's website and social media.
Pertamina moved quickly and ensured that the PT Trans-Pacific Petrochemical Indotama (TPPI) refinery development project continued.
After acquiring PT TPPI at the end of 2019, Pertamina through Subholding Refining & Petrochemical, PT Refinery Pertamina Internasional (PT KPI) stepped on the gas to prepare the construction of olefin and aromatic production facilities in the TPPI area, Tuban Regency, East Java. TPPI is currently in the process of constructing an Olefin and Aromatic production facility is known as the Olefin Complex Development Project (OCDP) in the TPPI refinery area, Tuban Regency, East Java. At TPPI there are two development and construction projects currently being implemented by Pertamina. aromatic revamping which will increase petrochemical production in the form of paraxylene from 600 thousand tons to 780 thousand tons per year which are targeted to be completed next year. Second, the New Olefin project which includes the construction of the Naphtha Cracker, including downstream units with Polyethylene (PE) products of 1 million tons per year and Polypropylene (PP) 600 thousand tons per year which are targeted for completion in 2024. openly a world-class company with experience in Olefin and Petrochemical development to become a strategic partner in realizing olefin and aromatic production facilities in the country. In early September 2021, the committee announced the results of the tender based on the stages and processes following the provisions stipulated in the tender document and the guidelines for the procurement of goods and services applicable at Pertamina.
Bitcoin Mining Company Threatened with Fines of IDR 79 Billion
Initially, residents of an elite housing estate in the area of Alberta, Canada, were disturbed and could not sleep because there was a very loud noise. After an investigation was carried out, it was revealed that nearby they were operating a Bitcoin mining secretly.
One resident named Jeff Kocuipchyk first heard the sound and complained. "The sound is different depending on the direction of the wind. It sounds like the sound of waves, but 10 times louder and 100 times more annoying," he said.
"It's like the sound of an airplane warming up on the runway," he added, as quoted by CBC. Investigate a calibration, it turns out that the culprit is Bitcoin mining by a local company called Link Global.
Then it was discovered that the Bitcoin company was operating without permission, both to residents and the local government. They were also reported to the Alberta Utilities Commission (AUC). Moreover, the noise is very disturbing and can no longer be tolerated. Stephen Jenkins as CEO of Global-Link admits his mistake. "This is my fault, it's all mine. We didn't consult with the residents," he said. They were also threatened with a large fine of up to USD 5.6 million or around Rp. 79 billion. It was later discovered that they had been operating without a permit for about a year.
The energy required to operate Bitcoin mining is very large, it can power thousands of homes. They used an abandoned natural gas resource to operate the Bitcoin mine but still what they did was illegal. Theft of electricity or energy for Bitcoin mining is common and sometimes caught by the authorities.