Business News

Anti-plastic advocates call for details on plastic excise plan

Civil organizations and other stakeholders have called on the government to come up with a clearer action plan for the excise tax on plastics, which was introduced nearly three years ago in an effort to reduce pollution and increase state revenue. Plastic packaging is the only addition to the items…

OJK prepares rules on MTN, e-bookbuilding, disgorgement funds

The Financial Services Authority (OJK) is preparing three regulations on medium-term notes (MTN), electronic bookbuiling (e-bookbuiling) and disgorgement funds, which are scheduled to be issued in the third quarter.OJK stock market supervision executive head Hoesen said the authority needed to issue the regulations so that it could supervise financial services.He…

Online retailers approve of revocation of e-commerce tax regulation

Representatives from online marketplaces and online retailers have welcomed the government’s decision to revoke a regulation on e-commerce taxes that was originally to be enforced on April 1. Critics of the regulation argued it would have halted the growth of the e-commerce industry, which is still in early stages of…

Ministry tightens rules on sandals, textiles, home appliances over safety concerns

The Trade Ministry has issued new regulation requiring safety checks and labeling for electronic devices and goods containing hazardous chemicals, including rice cookers, rubber sandals and mattresses. The regulation, which will take effect on Aug. 14 2019, applies to local producers and importers."The ministry is requiring local producers and importers…
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