Hainan FTP marks 6-month milestone of special customs operations, signs deals during Hong Kong visit
As of June 17, the province's total goods imports and exports reached RMB 173.98 billion (approximately US$24 billion), up 54.6% year on year.
Investment in Manufacturing Industry Shows Upward Trend in Past Decade: Industry Minister
Indonesia affirmed its position as the main destination for global investors in industrial sectors owing to strategic policies adopted by the Government, including the provision of ease of doing business and incentive facilities. “During the period of 2014-2023, investment realization in the non-oil and gas processing industry sector shows an upward trend. This means that investors acknowledged Indonesia as a very attractive and profitable location for their business,” Minister of Indu
President Jokowi, Norwegian PM Discuss Investment Cooperation
On the sidelines of the World Climate Action Summit (WCAS) COP28, President Joko “Jokowi” Widodo Friday (12/11) held a bilateral meeting with Norwegian Prime Minister Jonas Gahr Støre in Dubai, the UAE. During the meeting, President Jokowi conveyed that Indonesia has been successful in reducing emissions by improving control over deforestation as well as forest degradation. He has also deplored several European countries’ doubt about Indonesia’s commitment to preserving forests and the environm
President Jokowi, President MBZ Discuss Enhancement of Indonesia-UAE Cooperation
President Joko “Jokowi” Widodo on Friday (12/01) had a face-to-face meeting with the President of the United Arab Emirates (UAE), Sheikh Mohamed bin Zayed Al Nahyan (MBZ), at the Leadership Pavilion, Expo City Dubai. Initiating the meeting, President Jokowi expressed appreciation to President MBZ for successfully hosting COP28 under the presidency of the UAE. “Congratulations on the successful hosting of COP28. Indonesia is ready to support the breakthroughs initiated by the UAE Presidency to
Latest Industry
Socialization of the Results of Services Trade Negotiations
Deputy Minister of Trade, Jerry Sambuaga was the speaker at the Socialization of the Results of Services Trade Negotiations which took place at the Sutan Raja Hotel, Kotamubagu, North Sulawesi, Thursday (30 Nov). Deputy Minister of Trade Jerry explained that in an effort to increase international trade cooperation, Indonesia ensures the expansion of market access in the goods and services sector. In 2022, the service sector will contribute 55% to Gross Domestic Product (GDP). Thus, for Indonesi
Indonesian Trade Minister Attends Indonesia-US Business Forum
The Indonesian Minister of Trade, Zulkifli Hasan attended the Indonesia-United States (US) Business Forum with the topic "Trade and Investment Opportunities in the Archipelago Capital (IKN)" which was held at the Consulate General of the Republic of Indonesia in New York, United States (US), Monday (Nov. 20). The Minister of Trade encouraged US investors to invest in Indonesia's new capital, namely the Indonesian Capital City (IKN). This new capital city will become a super hub equipped with
Veolia Water Technologies & Urban Utilities to Install Asia Pacific’s First Full-Scale Sidestream Mox Treatment Plant
Veolia Water Technologies and Urban Utilities are working to install Asia Pacific’s first full-scale sidestream ANITA Mox treatment plant this year. A first-of-its-kind in Australia, this organic and environmentally-focused technology is an exciting development for the wastewater treatment industry
Government Receives Excise from Electric Cigarettes of Rp. 30 Billion
Director General of Customs and Excise of the Ministry of Finance Heru Pambudi said the state had received excise from vape (e-cigarettes) of Rp 30 billion.
The Impact of Illegal Cigarette Distribution, the State Losses IDR 1 Trillion Per Year
Circulation of illegal cigarettes (without excise duty) in the country is still quite large. Based on the findings of a team from Gadjah Mada University (UGM) through a survey of illegal cigarette excise throughout 2018, it was found that 7.04 percent of the 100 packets of cigarettes sold in stalls were proven to violate excise provisions by the Ministry of Finance.
Batam Kadin Hopefully Increase Taxes and Levies Do Not Burden the Community
Batam Chamber of Commerce and Industry (Kadin) assesses that taxes and fees are very important to achieve optimization of development plans. On the other hand, it is expected that the tax imposed does not have to burden the community.
Import of Finished Goods and Consumption Includes Taxes of 10 Percent
the Government plans to set the highest import tax rate (PPh) of 10 percent on downstream products, such as finished goods and consumption.
Economy Still Difficult, Cigarette Manufacturers Urge Excise Policy to be Evaluated
The Association of Indonesian Kretek Cigarette Manufacturers (GAPPRI) hopes that the Ministry of Finance will take every policy related to the tobacco industry to pay more attention to various factors including economic conditions that are still difficult and also political temperatures that tend to heat up ahead of the election.
Regarding Import Restrictions, Minister of Finance: Must Be Careful So As Not To Disturb Industrial Sector Performance
the Government is evaluating 900 imported commodities to be subject to import income tax (PPh) to reduce the trade balance and current account deficit.
OJK: The Financial Industry Will Be More Efficient With the Presence of Technology
Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Wimboh Santoso said that currently innovations related to technology not only change the technology industry. Moreover, technology has changed human daily behavior.
Kadin: Export Control Must Be Careful
Business people ask the government to be careful in controlling imports because of its broad impact. This step was carried out following the conversion of export proceeds in an effort to control the volatility of the rupiah exchange rate.
Kadin Supports Government Steps to Apply OSS System in Customs Affairs
the Chamber of Commerce and Industry (Kadin) supports the implementation of Online Single Submission (OSS) in the customs field because it can facilitate businesses.
Apindo: Logistics Entrepreneurs Need Time to Apply New Rules of Weigh Bridges
The Indonesian Employers' Association (Apindo) asks government agencies to integrate each other in cases of handling weigh stations to measure the burden of large vehicles carrying goods.
Taiwan's New Policy Targets New Markets
An ASEAN Study Expert from National Chengchi University said that the New Southward Policy initiated by President Tsai Ingwen is a big step towards finding new markets for Taiwan in the region.
BPS: Increase in Transportation Tariffs Trigger Inflation June
The Head of the Central Bureau of Statistics (BPS) Suhariyanto said the increase in public transportation tariffs during the Lebaran period triggered inflation in June 2018 by 0.59 percent.
Jokowi Land Certificate Program reached 32 Percent
The Ministry of Agrarian Affairs and Spatial Planning (ATR) / National Land Agency (BPN) noted that it has distributed approximately 2.3 million pieces of land certificate by the end of June 2018. That means, the realization of the program initiated by President Joko Widodo (Jokowi) , 8 percent of the target of 7 million pieces of land certificates.
Details of Three Transportation Policies to be Tested by Jabodetabek Transport Management Agency
The Ministry of Transportation through the Transportation Management Agency of Jabodetabek (BPTJ) has prepared a Transportation Policy Package to support the implementation of the 2018 Asian Games which will be held in a few moments.
Minister of Industry Encourages Environmentally Friendly Industry to Increase Production
Minister of Industry Airlangga Hartarto asserted, it is committed to encouraging the growth of sustainable and environmentally friendly industries, one of them through biodegradable plastic producers to increase production.
HR Investment is Important Role to Succeed Company
Minister of Manpower (Menaker) M. Hanif Dhakiri said human resource investment (HR) is the key to the success of the company's business.
Government Immediately Releases Online Integrated Network Permission System
President Joko Widodo said that the government will soon launch an integrated online licensing system to speed up and simplify the business license applicant.