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TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Thursday, March 6, 2025. Here are the highlights: 5 SOEs in Indonesia with the Most Corruption Cases; 10 Weakest Currencies in the World 2025, Is Rupiah Indonesia on the List?; and Indonesia-Austria Pledge Enhanced Collaboration Across Key Sectors.
The following is the list of the top 3 news on Tempo English today:
1. 5 SOEs in Indonesia with the Most Corruption Cases
The Attorney General's Office revealed allegations of corruption in the management of crude oil and refinery product trading at PT Pertamina, estimated to have caused state losses of up to Rp 193.7 trillion. In addition to this case, several corruption cases in state-owned enterprises (SOEs) have recorded enormous state losses. From Jiwasraya to Garuda Indonesia, here are the five largest corruption cases ever occurred in these state-owned enterprises.
2. 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.
3. Indonesia-Austria Pledge Enhanced Collaboration Across Key Sectors
Indonesia and Austria have agreed to bolster cooperation in several key sectors, including trade, investment, education, tourism, and renewable energy. This commitment was solidified at the 6th Bilateral Consultation Forum (FKB) between Indonesia and Austria, held in Jakarta on Monday, March 3, 2025.
At this FKB meeting, the Indonesian delegation was led by Widya Sadnovic, Director for Europe I of the Ministry of Foreign Affairs. The Austrian delegation was headed by Ambassador Bita Rasoulian, Director for Asia and the Pacific of the Federal Ministry for European and International Affairs of the Republic of Austria.
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Tom Lembong Indicted in Rp578bn Sugar Import Corruption Case
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Former Minister of Trade, Tom Lembong, is charged with causing state losses by approving the import of raw crystal sugar.
Anies Baswedan Attends Tom Lembong's First Trial
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Former Jakarta Governor Anies Baswedan attended the first trial of Tom Lembong who is implicated in a case of alleged corruption in sugar imports.
Indonesia's Sugiono Meets Qatari Foreign Minister to Advance Bilateral Cooperation
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Minister of Foreign Affairs Sugiono met with the Qatari Foreign Minister to discuss strengthening bilateral cooperation.
Today's Top 3 News: 8 Pertamina Directors Caught in Corruption Cases
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Here is the list of the top 3 news on Tempo English today, March 5, 2025.
Indonesia-Austria Pledge Enhanced Collaboration Across Key Sectors
23 jam lalu
Indonesia and Austria have agreed to bolster cooperation in several key sectors.
Prabowo Summons Pertamina Boss to Presidential Palace
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President Prabowo Subianto summoned Pertamina's CEO Simon Aloysius Mantiri to the Presidential Palace.
DPR Commission III Holds Closed Hearing with Jampidsus on Corruption Cases
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DPR Commission III held a hearing on Wednesday with the Deputy Attorney General for Special Crimes to discuss several high-profile corruption cases.
Indonesia, Australia Renew US$6.2bn Bilateral Currency Swap Deal
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The agreement was signed by Indonesia and Australia's central banks.
5 SOEs in Indonesia with the Most Corruption Cases
1 hari lalu
Corruption in Indonesia is very concerning, including in their state-owned enterprises (SOEs).
Today's Top 3 News: 10 Weakest Currencies in the World 2025, Is Rupiah Indonesia on the List?
2 hari lalu
Here is the list of the top 3 news on Tempo English today, March 4, 2025.
