Business News
IMF: Indonesia’s Economic Outlook is Positive
The Indonesian economy is gradually recovering, owing in part to a bold, comprehensive, and coordinated policy response to address the socio-economic hardship inflicted by the COVID 19 pandemic in the first half of 2020, according to the International Monetary Fund (IMF). The country’s GDP is projected to expand by 4.8…
Conservative Forces Thwart Indonesia's Plan to Boost Booze Investment
Powerful Muslim organizations and Papuan political figures have successfully lobbied the government to revoke new investment rules meant to spur liquor, wine and beer industries in Indonesia, the world’s largest Muslim-majority country. Indonesia’s two leading Muslim organizations, Nahdlatul Ulama (NU) and Muhammadiyah, the influential Indonesian Ulema Council (MUI) and various…
Boosting Lobster to Seaweed Exports, KKP Develops a Cultivation Village
The Ministry of Marine Affairs and Fisheries (KKP) affirms its commitment to developing aquaculture supported by scientific studies and careful business planning. This step is at the same time to improve the people's economy and increase state income."As we know, aquaculture has received the attention of President Joko Widodo, and…
Details of the PP Derivative of the Marine Sector Job Creation Law, from Ease of Investment to Social Security
Minister of Marine Affairs and Fisheries Sakti Wahyu Trenggono revealed, of a total of 51 implementing regulations for the Job Creation Law, three of them are related to the marine and fisheries sectors. One of them is Government Regulation Number 27 of 2021 concerning the Implementation of the Marine and…
