Business News
Inflation Picks Up to Fastest Pace in Three Months Ahead of Idul Fitri
Indonesia has seen inflation accelerated to its fastest pace in three months in April, as demand for foods and clothes during the Islamic fasting month of Ramadan picked up and drove up the commodities' prices. The consumer price index a composite measure gauging price level from a broad basket of…
Indonesia’s Omnibus Law: Risk Based Business Licensing
• Indonesia’s Regulation 5 of 2021 introduces a risk-based approach to the issuance of business licenses.• Business activities will be assessed on the scale of the hazards they can potentially create (low risk, medium-low risk, medium-high risk, and high risk).• The risk-based business licensing procedure will impact 16 sectors, including…
Mother of Spices: Indonesia Eyes to Boost Spice Export to the EU
Jakarta. Indonesia is eyeing to ramp up their spice exports —particularly to the European Union, or EU— with a new multi-stakeholder platform dedicated to helping farmers export high-quality and sustainable spices.According to the Coordinating Ministry for Economic Affairs, the global demand for spices is rising amid the Covid-19 pandemic as…
Keeping the Sumatran coffee business fragrant amid COVID-19 pandemic
Jakarta (ANTARA) - "There is coffee, there is a story, there is no coffee, there is no need to tell a lot. Come on, let us have a coffee, we will tell a story,” according to an Acehnese writer. These words were stated by Fikar W. Eda, also a well-known…
