Business News
Indonesia to Give Tax Incentives for Sales of Some Cars
Indonesia will temporarily remove a luxury tax on sales of some cars to bolster its automotive industry, which has been badly hit by mobility restrictions to contain the coronavirus epidemic, its economic ministry said. From March to May, the government will remove a luxury tax for sales of sedans and…
Indonesia Books Trade Surplus Again Amid ‘Concerning’ Import Decline
Indonesia has again logged a trade surplus in a trend that began in May last year as commodity prices have picked up while the COVID-19 pandemic has battered demand for imported goods. According to data published by Statistics Indonesia (BPS) on Monday, Indonesia booked a surplus of US$1.96 billion in…
Making Lake Toba a Super Priority Integrated Tourism Destination
The government under the leadership of President Joko Widodo (Jokowi) is currently focusing on developing tourism and the creative economy (parekraf) in five integrated super priority tourism in Indonesia and most people may already know places that have truly amazing natural beauty. However, there are still some people who are…
Indonesia’s Fight Against EU Palm Oil Ban – Analysis
As the world’s largest producer and consumer of palm oil, the palm oil industry has become an important part of Indonesia’s economy. At least half of the world’s palm oil supplies are supplied from Indonesia. Indonesia supplies with an output of around 40.6 million tons, and export volume of 29.3…
