Business News
Biodiesel policy fails to reduce diesel fuel imports: BPS
The mandatory distribution of a 20 percent blend of biodiesel ( B20 ) that was launched in early September has not reduced diesel fuel imports. Imports in November even increased to 845,082 tons, 26.10 percent higher than the figure in October, according to the data issued by Statistics Indonesia (BPS).…
Consumer goods tariff hike shows little effect in curbing imports
A government policy to impose higher import tariffs on 1,147 consumer goods has been unable to significantly discourage importers, with imports decreasing by less than 10 percent since the rule was implemented in October. “From January to September, the [monthly] value of imports was US$31.1 million. It only decreased to…
Ministry regulates digital signature vendors
The Communications and Information Ministry is closely monitoring startups that provide digital signatures services to prevent any misuse, an official has said. To do so, the ministry has armed itself with Ministerial Regulation No. 11/2018 on electronic certification vendors, which was issued on Sept. 6. The regulation contains 14 requirements…
Jokowi ratifies seven trade agreements
President Joko “Jokowi” Widodo has ratified seven bilateral and multilateral trade agreements by signing a presidential regulation in a bid to boost trade, according to a senior trade official. Trade Ministry secretary-general Karyanto Suprih confirmed on Tuesday that he had been informed about the ratification. “This morning, I heard that…
