Business News

BREAKING: Jokowi announces his new Cabinet. Here’s the line up

After keeping the public guessing with two days of visits from ministerial candidates at the State Palace, President Joko “Jokowi” Widodo announced on Wednesday the lineup of his second-term Cabinet, a mixture of old and new faces, professionals and politicians — including Jokowi’s erstwhile rival in April’s presidential election. Jokowi’s…

Government launches tax exemption app for imported oil and gas equipment

Six governmental bodies launched in Jakarta on Monday an application for oil and gas companies to apply for duty exemptions on imported exploration equipment. The Finance Ministry said in a statement that the purpose of the app was to streamline and simplify the application process for the Finance Ministry Exemption…

Mandatory halal certification problematic

After about five years of preparation, the Halal Products Guarantee Law, which was passed by the House of Representatives in 2014, will take effect on Oct. 17. But many companies, especially those involved in the production of food and beverages, will unlikely be able to obtain the certificates due to…

PNM IM offers new investment option to investors

State-owned micro financing firm Permodalan Nasional Madani Investment Management (PNM IM) has officially listed an exchange-traded fund (ETF) on the Indonesia Stock Exchange (IDX) to give investors more investment options.PNM president director Bambang Siswaji said the company’s first ETF, which was listed on the IDX on Monday, had attracted investment…
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