Latest QRIS Innovation to the Great Potential of the Agro Industry

Good morning, Chief...

The following is important information related to the development of the business universe that needs attention today based on the curation of the SUAR Team.

QRIS Tap In & Out Can Be Used on Five Transportation Modes in Jabodetabek

Bank Indonesia on Thursday (30/10/2025) officially launched the Quick Response Code Indonesian Standard (QRIS) Tap In & Out for five modes of transportation in the Jabodetabek area, namely KRL Commuter Line, Transjakarta, LRT Jakarta, LRT Jabodebek, and MRT. This makes it easier for people to make digital payments without needing to scan a QR code.
Since it was first launched on August 17, 2019, QRIS has connected 57 million users and 39 million merchants, most of whom are UMKM. BI targets that by 2030, digital finance will increase to 147.3 billion transactions.

Read the full story here.

Rp 200 Trillion in Funds from the Government Have Been Distributed by State Banks to the Productive Sector

The placement of IDR 200 trillion in funds from the government through the Ministry of Finance to five state banks, last September, has reportedly been channeled into financing for the productive sector. As is known, the government injected IDR 200 trillion in funds from the Excess Budget Balance (SAL) into five state banks, namely PT Bank Rakyat Indonesia (Persero) Tbk (BRI), PT Bank Mandiri (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk (BNI), PT Bank Tabungan Negara (Persero) Tbk (BTN), and PT Bank Syariah Indonesia Tbk (BSI).

Read the full story here.

Agro Industry Becomes the Mainstay of National Economic Growth

The agro industry is a strategic sector that plays an important role in supporting Indonesia's economic growth. Throughout the first semester of 2025, the realization of agro-industry investment reached IDR 85.05 trillion. Labor absorption was 9.8 million people, or 50.26% of the total non-oil and gas processing industry workforce. Based on ministry data, in the first semester of 2025, the agro-industry sector recorded a contribution of 52.07% to the GDP of the non-oil and gas processing industry, then contributed up to 8.96% to the national GDP. The agro-industry sector also showed brilliant performance with export values reaching USD 37.38 billion and a trade balance surplus of USD 26.96 billion.

Read the full story here.

Excise Tax Not Increased in 2026, Electric Cigarette Industry Gains Momentum to Grow

Minister of Finance Purbaya Yudhi Sadewa emphasized that tobacco excise rates and the retail selling price (HJE) of cigarettes will not be increased in 2026. This certainty was conveyed in order to maintain the stability of the tobacco product industry, which still plays a major role in the national economy. This policy is a continuation of the government's previous year's move, which also did not increase cigarette excise.

Read the full story here.

The International Monetary Fund or IMF, through its October 2025 World Economic Outlook (WEO), projects a slowdown in economic growth across various regions. However, developing countries (emerging markets) in Asia are showing better resilience due to external factors (good luck) and internal policies (good policies). The economic slowdown is triggered by increasing global and regional geopolitical uncertainties. This can be seen through several index measurements such as the Global Uncertainty Index, Economic Policy Uncertainty (EPU), and Geopolitical Risk Index (GPR), which illustrate the increasing uncertainty.
The development of Real Gross Domestic Product (GDP) in the WEO report shows that the Asian region as a whole is projected to slow down from 4.6% (2024) to 4.5% (2025) and 4.1% (2026). The Emerging and Developing Asia region still leads global growth, although it is experiencing a slowdown from 5.3% (2024) to 5.2% (2025) and 4.7% (2026). This figure exceeds the projections for developed countries (Advanced Asia) which are only around 1.1% in 2026.

Read the full story here.

Info Franchise & Business Concept (IFBC) Expo 2025. The most comprehensive franchise, partnership, and business opportunity exhibition in Indonesia, organized by Neo Expo Promosindo with the theme "Energizing Entrepreneurship," will be held at ICE BSD, Tangerang on October 31 – November 2, 2025 (in Hall 1–2). IFBC presents more than 200 business brands from various sectors such as culinary, beverages, services, to digital technology, offering business opportunities from small to large capital, and presenting inspiring seminars and talkshows that can be accessed by visitors. For information regarding the event and spotlight tenant franchise present at the event, please visit the official IFBC website.

Jakarta Coffee Week (Jacoweek) 2025 is the largest annual coffee exhibition in Indonesia, which this year has the opportunity to celebrate its 10th anniversary. This exhibition is dedicated to enhancing the profile of Indonesian coffee on the world stage and connecting the coffee community. The event will be held for three days, from October 31 to November 2, at ICE BSD City, Tangerang, from 10:00 AM to 8:00 PM. Jacoweek features more than 168 local and international brands, including coffee producers, equipment manufacturers, baristas, and coffee enthusiasts. The event will be enlivened with various activities such as the Indonesia Brewers Cup Championship 2025, Coffee Talks, Jacoweek Cupping Area, Pasar Kopi, and a joint exhibition with the Jakarta Dessert Project and Indonesia Tea Culture. Participants can enjoy this event by purchasing tickets on-site or through the official Jacoweek 2025 website.