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TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Tuesday, March 4, 2025. Here are the highlights: 10 Weakest Currencies in the World 2025, Is Rupiah Indonesia on the List?; Shell Becomes Sought After Following Pertamina's Adulterated Fuel Scandal; and Here Are 8 Pertamina Directors Caught in Corruption Cases.
The following is the list of the top 3 news on Tempo English today:
1. 10 Weakest Currencies in the World 2025, Is Rupiah Indonesia on the List?
When it comes to currency, the focus often revolves around its strength—the higher the value, the more buying power it holds. However, there are notable exceptions, with some named as the weakest currency in the world.
These currencies are known for their low exchange rates and significant depreciation, which can be indicative of various economic challenges.
Bank Bazaar and Forbes both named the Iranian Rial as the weakest currency in the world. Keep reading to discover nine other currencies that share this reputation when compared to the USD.
2. Shell Becomes Sought After Following Pertamina's Adulterated Fuel Scandal
In the past few days, fuel scarcity at several Shell Gas Stations (SPBU) has been in the spotlight. This is suspected to be the effect of alleged adulterated fuel scandal involving Pertamina.
This scarcity raises significant questions about the stability of fuel supply in Indonesia, especially after the scandal involving Pertamina. Consumers have begun to shift to Shell, seeking a more stable alternative even though several gas stations experience supply shortages.
3. Here Are 8 Pertamina Directors Caught in Corruption Cases
President Director of PT Pertamina Patra Niaga, Riva Siahaan, adds to the list of Pertamina directors who have been involved in corruption. He is officially a suspect in a case of corruption in the management of crude oil and refinery products.
The Attorney General's Office (AGO) revealed that Riva Siahaan had conditioned a meeting on downstream optimization that became the basis for reducing refinery production, resulting in incomplete absorption of domestic crude oil production.
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Trump Says Japan, China Cannot Keep Reducing Value of Their Currencies
1 jam lalu
U.S. President Donald Trump said he told the leaders of Japan and China they could not continue to reduce the value of their currencies.
SOEs Minister to Evaluate Pertamina Following Crude Oil Corruption
3 jam lalu
State-Owned Enterprises Minister Erick Thohir will review the governance of Pertamina after the corruption case. Here are the details.
Today's Top 3 News: Rupiah Rate Predicted to Plummet to 17,000 per USD Impacted by Pertamina Case
21 jam lalu
Here is the list of the top 3 news on Tempo English today.
Rupiah Closes Stronger at Rp16,595 per U.S. Dollar
21 jam lalu
In Monday afternoon trading on March 3, 2025, the rupiah closed 115 points stronger at the level of Rp 16,595
FITRA Calls for Dishonorable Dismissal of Pertamina Corruption Suspects
1 hari lalu
FITRA urges the government and law enforcement agencies to take firm action in the case of alleged corruption in Pertamina.
Mahfud MD, Legislators React to Prabowo's Plan to 'Clean Up' Pertamina
1 hari lalu
Various parties support Prabowo's move to clean up Pertamina. Mahfud Md is convinced that the alleged corruption case in Pertamina is true.
Pertamina Discloses Evidence Collected by AGO in Crude Oil Corruption Case
1 hari lalu
According to Simon, Pertamina will fully support the ongoing legal process and remain open to the ongoing investigation.
Pertamina Bribery Case: Former Court Clerk Sentenced to 4 Years in Prison
1 hari lalu
Former Clerk of East Jakarta District Court, Rina Pertiwi, was found guilty of accepting bribes for the processing of PT Pertamina's land execution.
Pertamina Apologizes for Alleged Violation of Crude Oil Management
1 hari lalu
Pertamina respects the legal process and appreciates law enforcement measures against alleged violations of crude oil import governance.
10 Weakest Currencies in the World 2025, Is Rupiah Indonesia on the List?
1 hari lalu
This article unveils the weakest currencies in the world 2025, exploring the economic factors behind their devaluation. Learn more about it, here.
