Business News
Foreign Investor Confidence Increases in Indonesian Economy
Director of PT. Anugerah Mega Investama Hans Kwee said foreign investors' confidence in Indonesia's economic prospects began to increase. The development of the covid 19 vaccine and the election of Joe Biden as President of the United States are thought to be factors driving the increase in foreign investor confidence.…
Jokowi Officially Dissolves 10 Non-Structural Institutions, Here is the List
President Joko Widodo alias Jokowi officially dissolved 10 non-structural state institutions through Presidential Regulation Number 112 of 2020. He signed the regulation on Thursday, November 26, 2020. The regulation states that the reason for the dissolution of these 10 state institutions is to increase the effectiveness and efficiency of the…
Sustainable Regulation Supports Economic Growth during the Pandemic
Indonesia along with Canada, the Philippines, the ASEAN Secretariat, the OECD, and the ADB held a virtual meeting at the International Seminar on Regulatory Improvement in Asia. The seminar aims to share good practices and experiences in building quality, effective and efficient regulations. This international seminar was held in collaboration…
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…
