1. The Third Richest Person in Indonesia Died, Leaving IDR 87.92 Trillion Asset

The third richest billionaire in Indonesia, Tan Siok Tjien died. Tan Siok Tjien is the wife of the late Surya Wonowidjojo, founder of PT Gudang Garam Tbk (GGRM), a cigarette company based in Kediri, East Java.

Tan Siok Tjien died on Sunday (25/10/2020) at the age of 91 and was buried, Tuesday (27/10/2020).

Tan Siok Tjien is one of the richest people in Indonesia. The Bloomberg Billionaire Index noted that Tan Siok Tjien’s assets reached US $ 5.96 billion as of Tuesday (27/10/2020). This amount is equivalent to IDR 87.92 trillion (exchange rate of IDR 14,752 per US dollar).

For details, please read here.

2. Registration for Facebook Assistance for MSMEs is Still Open, Here’s How

Facebook re-opens registration for the UKM Assistance Fund Program to all regions in Indonesia until 2 November 2020.

This assistance was extended due to the high enthusiasm of MSME players who wanted to register through this program.

This grant program is available for MSME actors who meet the requirements and are registered in Indonesia.

How do I register? Please check here.

3. 5 Houses in Bekasi Auctioned Online, Prices Starting at IDR 120 Million

You are looking for a house but you barely have enough capital? participating in the auction house could be an option being considered.

In the next few days, several banks will auction off houses foreclosure or auction the execution of mortgage rights in Bekasi City and Bekasi Regency, West Java.

Based on the auction announcement on the government’s official auction page, auction.go.id, Thursday (29/10/2020), there are 5 houses under IDR 300 million that will be auctioned online.

For details, please read here.

4. Warning until dismissed, sanctions for regional heads who do not follow the minimum wage agreement

Minister of Manpower Ida Fauziyah on 26 October 2020 issued Circular Letter (SE) Number M / ll / HK.04 / X / 2020 concerning Determination of Minimum Wages for 2021 During the Pandemic Corona Virus Disease 2019 (Covid-19), addressed to the governor the entire province.

This letter serves as an instruction for regional heads to decide on the minimum wage. Despite the existence of a circular, the decision, said Ida, is in the realm of the governors.

So, what about the governor who does not follow the rules of the circular stipulating the minimum wage?

For details, please check here.

5. Minimum Wage Not Increasing, Next Year Salary Subsidy Continues?

Minister of Manpower Ida Fauziyah has not been able to confirm that the salary subsidy assistance from the government will continue until 2021.

Although previously, he had stated that the government had prepared a social cushion in an effort to increase the purchasing power of consumption for workers or laborers.

Ida said that currently the government is still calculating the ability of the State Treasury whether or not to continue the salary subsidy assistance.

For details, please click on this link.


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