Business News
Indonesia Tightens Fish Import Requirements, Foreign Companies Must Obtain Official Registration
Indonesia’s Ministry of Marine Affairs and Fisheries (KKP) has introduced stricter supervision for imported fish products to ensure stronger food safety standards. Under Government Regulation No. 1 of 2026 on Food Safety, foreign companies supplying fresh fish products to Indonesia must now obtain an official registration number before conducting trade…
Zero Export Tariffs to the US Open Opportunities for Indonesian Industries to Strengthen Competitiveness
A trade agreement between Indonesia and the United States through the Agreement on Reciprocal Trade (ART) has opened wider export opportunities for Indonesian products. Under the scheme, around 1,819 Indonesian product tariff lines are granted zero import tariffs when entering the US market, potentially expanding market access for various national…
Indonesia’s Budget Deficit Could Approach 4% of GDP if Oil Prices Exceed USD 100
Indonesia’s fiscal outlook could face additional pressure if global oil prices remain above USD 100 per barrel, with analysts estimating the budget deficit could approach 4% of gross domestic product (GDP). Rising oil prices, driven by geopolitical tensions and global supply disruptions, may significantly increase the government’s energy subsidy burden…
Indonesia Downplays Oil Price Spike, Says Fiscal Risks Remain Manageable
Indonesia’s government has expressed confidence in its fiscal resilience despite a recent surge in global oil prices. Finance Minister Purbaya Yudhi Sadewa stated that although higher oil prices may increase the burden of energy subsidies, the country’s fiscal position remains stable and manageable. The government continues to closely monitor market…
