TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Monday, March 3, 2025. Here are the highlights: Rupiah Rate Predicted to Plummet to 17,000 per USD Impacted by Pertamina Case; Shell Becomes Sought After Following Pertamina's Adulterated Fuel Scandal; Here Are 8 Pertamina Directors Caught in Corruption Cases.
The following is the list of the top 3 news on Tempo English today:
1. Rupiah Rate Predicted to Plummet to 17,000 per USD Impacted by Pertamina Case
TEMPO.CO, Jakarta - The exchange rate of the rupiah has been consistently under pressure since the closing of trade last Friday, February 28, 2025, reaching Rp 16,520 per US dollar. Currency observer Ibrahim Assuaibi warned that if this trend continues, the rupiah has the potential to touch the level of Rp 17,000 per US dollar in the near future, at least in March.
According to Ibrahim, the depreciation of the rupiah is partly due to several internal issues. He highlighted the alleged fuel adulteration case by Pertamina, which is currently under investigation by the Attorney General's Office and is estimated to cause state losses of up to Rp 193.7 trillion in just one year.
2. Shell Becomes Sought After Following Pertamina's Adulterated Fuel Scandal
TEMPO.CO, Jakarta - 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
TEMPO.CO, Jakarta - 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.
Corruption cases involving Pertamina directors are not new, as there have been several directors who became suspects in corruption cases. Who are they?
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Rupiah Closes Stronger at Rp16,595 per U.S. Dollar
52 menit 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
4 jam 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
5 jam 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
6 jam 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
6 jam 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
7 jam 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?
8 jam lalu
This article unveils the weakest currencies in the world 2025, exploring the economic factors behind their devaluation. Learn more about it, here.
526 Complaints Filed Against Pertamina, LBH Jakarta: Public Trust Crumbles
10 jam lalu
Skeptical public towards the resolution of this case, some even proposed Pertamina's dissolution.
Here Are 8 Pertamina Directors Caught in Corruption Cases
11 jam lalu
Riva Siahaan adds to the list of troubled Pertamina directors in legal cases, especially corruption. Who are they?
Today's Top 3 News: Shell Becomes Sought After Following Pertamina's Adulterated Fuel Scandal
20 jam lalu
Tempo English compiled the top 3 news on Sunday, March 02, 2025.
