Business News
Approved by DPR, VAT Rate Increases to 11% in 2022 & 12% in 2025
Commission XI of the DPR RI approved the government's plan to increase the rate of Value Added Tax (VAT) which is currently set at 10%. The VAT increase will be carried out in stages starting next year. This means that with the increase in VAT, starting next year, goods consumed…
Ministry of Agriculture Controls Swallow's Nest Production and Export
Optimization of the Internal Control System (SPIP) continues to be pursued by the Ministry of Agriculture (Kementan), especially the Inspectorate General (Itjentan) overseeing strategic and priority programs. Mainly, increasing the production and export of Swallow's Nest (SBW) by the Directorate General of Livestock and Animal Health (PKH) and the Agricultural…
Lampung's Fisheries Exports in 2021 Grow
The Lampung Province Maritime and Fisheries Service stated that the province's fishery exports in 2021 will continue to grow positively even though the Covid-19 pandemic is still ongoing. "The fishery sector has continued to grow in the past two years despite the Covid-19 pandemic," said Head of the Lampung Province…
Spores Become the Future of Indonesian Seaweed Cultivation Development, Production is Ready to be Boosted
Seaweed is now a fishery commodity with high economic value with a wide open market at home and abroad. In the last three years, the increase in demand for seaweed has driven the price of Raw Dried Seaweed (RDS) three times since July 2017. However, the increasing demand for seaweed…
