Business News

Govt to use online platform to sell items made by inmates

The government plans to promote items produced by inmates through e-commerce platforms to help the prisoners adjust back to regular life and earn a living once they are released from prison.Business empowerment for convicts has been a recurring program run by the Law and Human Rights Ministry for the last…

Traders required to pay taxes, although e-commerce rule canceled

Finance Minister Sri Mulyani has stressed that the cancellation of the e-commerce tax regulation would not apply to those sold products through online marketplaces and social media platforms.“We’re giving the same treatment to businesses offering products through online marketplaces and social media platforms,” Sri Mulyani said recently as quoted by…

Indonesia sets target to export 450,000 cars in 2019

Trade Minister Airlangga Hartarto has said his ministry set a target to increase car exports to 450,000 this year. In the previous year, the country saw 346,000 car exports with total profits at US$4.78 billion.According to the Association of Indonesian Automotive Manufacturers, the export of completely built units in 2018…

Indonesia launches three economic zones, eyes $7.7 bln investment

Indonesian President Joko Widodo on Monday launched three special economic zones (SEZs) across 2,200 hectares of land at the eastern part of the archipelago in a fresh bid to attract investment and spur economic growth in less developed areas.The government aims to attract 110 trillion rupiah ($7.73 billion) investment in…
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