Business News
Indonesia to Leave Out 'Sensitive' Rice, Weaponry, Alcohol from RCEP Tariff Lines
Indonesia plans to exclude the “sensitive” commodities of rice, weaponry and alcoholic beverages from its scheduled commitment to eliminating tariffs in the Regional Comprehensive Economic Partnership (RCEP). “These are the sectors that we always consider to be very, very sensitive for Indonesia,” Iman Pambagyo, the Trade Ministry director general for…
Ministry Conducts Early Bidding for 1,900 of Next Year's Construction Projects
The Public Works and Housing Ministry is conducting an early bidding process for thousands of projects for next year, as it strives to ramp up state spending to support economic recovery and boost the construction industry, which has been affected by the health crisis. Public Works and Housing Ministry Construction…
Govt Seeks to Boost Production, Attract Investment to Control Sugar Price in 2021
The government is ramping up sugar production and working to attract more investment in the industry to prevent a shortage of the commodity and price hikes in 2021 as the country seeks to recover from the pandemic downturn. The Agriculture Ministry is preparing to work on intensification of 200,000 hectares…
The Vice Minister of Trade Said that EU-CEPA will Increase Fruit Exports to Europe
The Deputy Minister of Trade, Jerry Sambuaga, believes that the EU-CEPA can be a way to increase fruit exports to Europe. Europe itself is one of the major markets for tropical fruit such as pineapples, bananas and mangosteen. With the tariff cutting facility initiated through the EU-CEPA, it is hoped…
