October 3, 2025 | 08:03 pm
TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Friday, October 3, 2025. Here are the highlights: Why 'Kopi Luwak' Comes with Such a High Price Tag; LPS Survey: Consumer Confidence Falls in September as Indonesians Worry About Economy; and Garuda Indonesia Seeks KPK Supervision in Rp51.2 Trillion Boeing Aircraft Purchase.
The following is the list of the top 3 news on Tempo English today:
1. Why 'Kopi Luwak' Comes with Such a High Price Tag
One type of Indonesian coffee always captures the world's attention during the celebration of International Coffee Day on October 1: kopi luwak (civet coffee). It is famous not only for its unique and exotic taste, but also for its exorbitant price.
Compared to other types of coffee, kopi luwak is notoriously expensive. According to Luxhabitat data, the price of kopi luwak reaches US$160 (Rp2.65 million) per pound (0.45 kilograms), ranking sixth highest in the world. The most expensive coffee, according to the same source, is Panama Geisha Coffee from Elida Estate, Panama, priced at US$4,150 (Rp68.9 million) per pound.
However, Cozymeal provides different data. The site states that kopi luwak can be valued at US$700 or (Rp11.6 million) per pound of coffee beans.
2. LPS Survey: Consumer Confidence Falls in September as Indonesians Worry About Economy
The results of the survey conducted by the Indonesia Deposit Insurance Corporation (LPS) indicate a decline in consumer confidence regarding economic conditions, job opportunities, and household income in September 2025. This is reflected in the Consumer Confidence Index (CCI), which stands at 90.5, a 3.5-point decrease from the previous month.
The CCI consists of the Current Situation Index (CSI) and the Expectations Index (EI). For the Current Situation Index (CSI) component, the figure dropped by 5.4 points to 65.8. Meanwhile, the Expectations Index component also declined, although it still remains in the optimistic zone, at a level of 109.0. This represents a 2.0-point decrease from August 2025.
3. Garuda Indonesia Seeks KPK Supervision in Rp51.2 Trillion Boeing Aircraft Purchase
Airline company PT Garuda Indonesia Tbk visited the Corruption Eradication Commission (KPK) on Wednesday, October 1, 2025. Garuda's top management requested KPK's supervision in the procurement of Boeing aircraft worth US$3.2 billion or Rp51.2 trillion (at an exchange rate of Rp16,000). The GIAA-coded issuer wants to ensure a clean purchasing process.
Garuda Indonesia's VP Corporate Secretary, Cahyadi Indrananto, hopes that the meeting with the KPK could mitigate the risk of corruption in the procurement of Boeing, in line with the agreement between President Prabowo Subianto and Donald Trump. "We are grateful that the KPK is supportive of this and willing to assist Garuda Indonesia in accordance with the KPK's main task, particularly in the prevention and supervision field," he said when contacted on Thursday, October 2, 2025. Cahyadi added that Garuda hopes for the participation of many institutions in supervising this procurement.
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Garuda Indonesia Set to Appoint New Finance, Risk Director in October Amid Management Shakeup
7 jam lalu
Previously, Garuda Indonesia's management said the agenda of changing the company's management was a proposal from the State-Owned Enterprises Ministry.
LPS Survey: Consumer Confidence Falls in September as Indonesians Worry About Economy
10 jam lalu
A recent survey by LPS shows a decline in consumer confidence regarding economic conditions, job opportunities, and household income.
Why 'Kopi Luwak' Comes with Such a High Price Tag
20 jam lalu
The high price of 'kopi luwak' coffee is mainly influenced by its traditional production methods.
Garuda Indonesia Seeks KPK Supervision in Rp51.2 Trillion Boeing Aircraft Purchase
22 jam lalu
Garuda Indonesia's VP Corporate Secretary hopes that the meeting with the Corruption Eradication Commission (KPK) could mitigate the risk of corruption in the procurement of Boeing aircraft.
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The Cowboy Candidate for the Deposit Insurance Corporation
1 hari lalu
The selection of Anggito Abimanyu as Chief of the Deposit Insurance Corporation disregards propriety and transparency.
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2 hari lalu
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