Today's Top 3 News: Indonesia's Finance Ministry Cancels 2025 Scholarship Program Due to Budget Cut

TEMPO.CO, Jakarta - Tempo English compiled the  on Thursday, February 6, 2025. Here are the highlights: Indonesia's Ministry of Finance Cancels 2025 Scholarship Program Due to Budget Cut; OJK Receives 2,688 Reports of Fraud Cases with Account Takeover Modus; and 10 AI Side Hustle Ideas: Lucrative Ways to Make Money Using Technology.

The following is the list of the top 3 news on Tempo English today:

1. Indonesia's Ministry of Finance Cancels 2025 Scholarship Program Due to Budget Cut

President Prabowo Subianto's instruction for each ministry and agency to implement budget savings, the  (Kemenkeu) has to cancel the Ministerial Scholarship offer for 2025. This decision was also the result of the Leadership Meeting of the Financial Education and Training Agency (BPPK) on January 31, 2025.

"We sincerely apologize for the cancellation of the Ministry of Finance (Kemenkeu) Ministerial Scholarship offer for 2025. As a follow-up to this cancellation, the scholarship registration process has been discontinued effective from the date this announcement is issued," said Wahyu, as quoted by Antara.

2. OJK Receives 2,688 Reports of Fraud Cases with Account Takeover Modus

The Financial Services Authority (OJK) received 2,688 reports of  cases from January 2024 to January 2025.

"The reports are related to external cloud issues in the financial sector. This occurred within a year," said Arwan Hasibuan, Deputy Director of Consumer Services and Examination of the Complaints of the Capital Market, Derivatives and Carbon Exchange at Lavva Plaza Senayan, Jakarta, on Wednesday, January 5, 2025.

Arwan stated that the most commonly used modus operandi for fraud is account takeover (ATO). ATO is a cybercrime committed by unauthorized access to a user's account. The perpetrators of this crime use stolen passwords and usernames to access the victim's account. Arwan mentioned this happens due to poor digital security systems of financial service providers.

3. 10 AI Side Hustle Ideas: Lucrative Ways to Make Money Using Technology

The development of artificial intelligence () has raised some concerns about its potential to replace humans in the workplace. However, this emerging technology also brings new opportunities to facilitate human activities, including helping you start a side hustle.

AI brings many new opportunities including automating those boring time-consuming tasks you don’t want to do, leaving you with more time and a boost in productivity. According to Forbes, Shopify and Heights Platform, these  ideas can have you making money from your couch, with AI doing most of the heavy lifting.

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