Business News

Indonesia to welcome US$900m in automotive industry: Minister

Industry Minister Airlangga Hartarto says several investors are committed to investing US$900 million in the automotive industry. “Investors from Asia and Europe have expressed their commitment,” Airlangga said in Jakarta on Tuesday as quoted by He, however, declined to reveal the details of the investment, including the names of…

Jokowi orders recalculation of avtur price

Jakarta, (ANTARA News) - President Joko Widodo (Jokowi) has ordered recalculation of the price of aviation turbine fuel (avtur) to make it more efficient. "We have just discussed this at the meeting. I have ordered to recalculate this. Which part should be more efficient, we will soon take decision on…

Government to subsidize rubber growers: governor

Palembang, S Sumatra, (ANTARA News) - The Indonesian government plans to subsidize rubber growers in March 2019 to improve the quality and price of the key commodity, South Sumatra Governor Herman Deru stated. The subsidy will come in the form of production facilities and cash assistance, he revealed here on…

Halal certification to raise US$1.6 billion in revenue, says official

The government expects to raise Rp 22.5 trillion (US$1.6 billion) in revenue from the halal certification law, which becomes effective this year, an official has said. Law No. 30/2014 requires producers to obtain halal certification beginning Oct. 17, 2019 for a variety of products, particularly food and beverages and medicines.…
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