Most Popular Business: Save Trillions from LPG Replaced, CIMB Niaga President Director Candidate

TEMPO.CO, Jakarta – The most popular economic and business news throughout last Tuesday, November 23, 2021, starting from the plan to replace LPG with DME will save the country up to Rp 20 trillion per year.

Further news on the track record of the candidate for President Director of the Bank CIMB Niaga Lani Darmawan until the Minister of Manpower was asked to step in to protect Indosat workers because IM2 stopped operating.

There is also news about Erick THohir flashing the toilets of paid gas stations and the circulation of money around the Mandalika Circuit during World Superbike and IATC.

Here are five of the most popular economic and business news so far this past Tuesday:

1. Bahlil Lahadalia: The State Saves IDR 20 Trillion If You Replace LPG with DME

Investment Minister Bahlil Lahadalia explained the purpose of replacing Liquified Petroleum Gas (LPG) with Dimethyl Ether (DME) in the community in the near future. According to him, this plan will save the country up to Rp 20 trillion per year.

“Because the price of DME is not as big as LPG,” Bahlil said at the BeritaSatu Economic Outlook 2022 event on Tuesday, November 23, 2021.

Bahlil explained that Indonesia imports 5.5 million tons of LPG per year. The price of LPG on the world market is US$ 850 per tonne and the government issues subsidies of around Rp. 60 to 70 trillion per year.

For this reason, he said, the government will prepare DME which is a product of downstream low-calorie coal to replace LPG. The price is lower at US$ 650 to 700 per tonne. “So we can achieve efficiency of Rp 20 trillion per year,” he said.

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