Business News

Conservative Forces Thwart Indonesia's Plan to Boost Booze Investment

Powerful Muslim organizations and Papuan political figures have successfully lobbied the government to revoke new investment rules meant to spur liquor, wine and beer industries in Indonesia, the world’s largest Muslim-majority country. Indonesia’s two leading Muslim organizations, Nahdlatul Ulama (NU) and Muhammadiyah, the influential Indonesian Ulema Council (MUI) and various…

Boosting Lobster to Seaweed Exports, KKP Develops a Cultivation Village

The Ministry of Marine Affairs and Fisheries (KKP) affirms its commitment to developing aquaculture supported by scientific studies and careful business planning. This step is at the same time to improve the people's economy and increase state income."As we know, aquaculture has received the attention of President Joko Widodo, and…

Details of the PP Derivative of the Marine Sector Job Creation Law, from Ease of Investment to Social Security

Minister of Marine Affairs and Fisheries Sakti Wahyu Trenggono revealed, of a total of 51 implementing regulations for the Job Creation Law, three of them are related to the marine and fisheries sectors. One of them is Government Regulation Number 27 of 2021 concerning the Implementation of the Marine and…

Indonesia to Waive VAT on New Home Sales to Spur Property Sales

Indonesia will waive value-added taxes on new home sales, its latest move to spur property investments and jumpstart economic activity. The government will shoulder the VAT on new landed houses and apartments priced below 2 billion rupiah ($140,300), while VAT will be reduced by half for properties costing 2 billion…
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