Business News
Govt Eyes Foreign Investment in Indonesian Start-ups, SEZ through New Draft Rules
The government has unveiled a draft presidential regulation, derived from the recently passed Job Creation Law, that offers leeway for foreign investment in tech-based start-ups in special economic zones (SEZs). The draft, which is available on the official website of the jobs law, stipulates that foreign investment in start-ups located…
BKPM Matches SMEs with Big Firms to Facilitate Deals Worth Rp 1.5T
The Investment Coordinating Board (BKPM) has helped local small and medium enterprises (SMEs) sign deals over Rp 1.5 trillion (US$106 million) with national and multinational corporations to boost small firms’ role in global value chains. On Monday, 196 SMEs had signed partnership deals with 27 national and 29 foreign companies…
Jokowi Calls on OJK to 'Show Fangs' and Protect Investors, Boost Confidence
President Joko “Jokowi” Widodo has called on the Financial Services Authority (OJK) to step up its supervisory role to maintain market confidence and better protect investors as it comes under scrutiny in relation to several high-profile financial mismanagement cases. In his remarks delivered on Friday evening at the OJK’s annual…
During the Pandemic, Indonesian Swallow's Nest Exports Reached IDR 28.9 Trillion
Minister of Agriculture Syahrul Yasin Limpo explained that in the midst of the Covid-19 pandemic, Indonesia experienced an increase in exports of swallow's nest. Based on IQFAST data from the Agricultural Quarantine Agency (Barantan), during the Covid-19 period, the export of swallow's nest reached 1,155 tons with a value of…
