Business News

Indonesia finalizes fiscal incentives for investments below Rp 500b

Wed, May 16, 2018 | The government is finalizing a regulation on fiscal incentives for new investments below Rp 500 billion (US$35.49 million), which are not covered in the latest tax-holiday scheme. Under the regulation being prepared, fresh investments worth between Rp 100 billion and Rp 500 billion will be…

Jonan: No More Coal Power Plants Construction

Thursday, 12 April, 2018 | Energy and Mineral Resources Ignasius Jonan has decided there will be no more coal-fueled power plant construction, especially in the island of Java. The decision was made on the basis of the Indonesian government’s commitment to anticipating climate changes. "In Java, there will be no…

Indonesia Seeks to Regulate More Fuel Prices as Elections Loom

April 9, 2018 | Motor fuel retailers including PT Pertamina and Indonesian units of Royal Dutch Shell Plc and Total SA will soon need government approval before raising prices as Southeast Asia’s largest economy seeks to cap inflation ahead of elections. President Joko Widodo’s government plans to issue a new…

Trade Minister Plans to Retaliate to EU Ban on CPO

Monday, 09 April, 2018 | Trade Minister Enggartiasto Lukita has reported to Vice President Jusuf Kalla on developments surrounding crude palm oil [CPO] exports to Europe and the United States, plus the country’s treaty with the European Union Comprehensive Economic Partnership Agreement [EU CEPA]. During the one-hour talks, Enggartiasto asked…
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