Business News
Indonesia to Waive VAT on New Home Sales to Spur Property Sales
Indonesia will waive value-added taxes on new home sales, its latest move to spur property investments and jumpstart economic activity. The government will shoulder the VAT on new landed houses and apartments priced below 2 billion rupiah ($140,300), while VAT will be reduced by half for properties costing 2 billion…
Tourism Minister Plans to Implement Free Covid Corridor in Bali
Tourism and Creative Economy Minister Sandiaga Uno on Monday said that he plans to reopen Bali’s tourism through a program entitled the ‘Free Covid Corridor’ which he said was formed based on input from tourism businesses in Bali that were often mentioned to the government in multiple occasions. “We are…
Ministry of Agriculture Strives to Increase Production of Fresh Cow Milk
The Ministry of Agriculture (Kementan) through the Directorate General of Animal Husbandry and Animal Health (Ditjen PKH) signed a memorandum of understanding with the Gowa Regency Government and PT Sumber Citarasa Alam (PT. Cimory Group) as well as a Collective Agreement between the Government of Gowa and Hasanudin University. The…
Indonesia Exports 64 Tons of Bananas through the Makmur Green Farmer Cooperative
The Tani Hijau Makmur Cooperative in Tanggamus Regency, Lampung exported 64 tonnes of bananas or 14,266 boxes in 2020 to China, Malaysia, Singapore and the Middle East. This cooperative has partnered with PT Great Giant Pineapple (GGP) to cultivate more than 400 hectares of banana tree land with a total…
