Business News

Now the Exporters Can Manage SKA Free, Here's How

Secretary of the Directorate General of Foreign Trade of the Ministry of Trade, Marthin, said that his party is relaxing the non-tax state revenue (PNBP) originating from the issuance of a certificate of origin (SKA). This SKA, said Marthin, is usually processed by exporters who send their products abroad. "In…

European Auto Sales Up in September, First Time This Year

The European auto market, pummeled by the coronavirus crisis, rose in September for the first time this year, driven by gains in Germany and Italy, figures showed Friday. September new car registrations in the European Union rose 3.1 percent from a year earlier to 933,987, the European Automobile Manufacturers Association…

Indonesia Helps Tourism Sector Weather COVID-19

Indonesia’s Minister of Tourism and Creative Economy Wishnutama Kusubandio recently vowed to disburse an aid package worth 3.3 trillion IDR (224 million USD) for tourism-related businesses and local administrations. The move aimed to help cushion the impacts of the pandemic on the sector and improve health protocol implementation at tourist…

Trade Data Show ‘Encouraging Sign’ of Economic Recovery

Indonesia booked its highest exports in six months, driven by rising shipments of agricultural and manufactured goods in September, Statistics Indonesia (BPS) announced Thursday. In a sign of improving global demand, Indonesia has booked a trade surplus for five consecutive months. Exports jumped 6.97 percent month-to-month (mtm) in September to…
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