Business News

Indonesia Sets Price Floor for Nickel Ore to Protect Small Miners

The government has put a floor under the price of nickel ore to protect small miners amid Indonesia’s aggressive efforts to develop downstream mining industries.Energy and Mineral Resources Ministry Regulation No. 11/2020 mandates using Indonesia’s monthly mineral ore benchmark price (HPM) – previously used to calculate mining royalties – as…

Investment realization in Q1 2020 strengthens by eight percent: BKPM

The Investment Coordinating Board (BKPM) recorded an eight-percent rise in investment realization during the 2020-first quarter (Q1), reaching Rp210.7 trillion, from Rp195.1 trillion during the corresponding period of 2019, despite pressure amid the COVID-19 outbreak."Total investment in the first quarter of 2020 touched Rp210.7 trillion, spread across 25,192 investment projects,"…

BKPM issues over 4,000 permits for health-related firms in early April

The Investment Coordinating Board (BKPM), which manages the national online single-submission system for business permit requests, has issued 4,042 operational or commercial permits for firms in the health sector as the country battles the COVID-19 outbreak.Health sector permits issued in the first two weeks of April surpassed 70 percent of…

Indonesia to issue larger tax breaks to cover 11 more sectors

Indonesia will issue larger tax breaks to cover 11 business sectors similar to the incentives given to manufacturing industries to help companies weather the economic impacts of the COVID-19 pandemic.The 11 sectors are food, trade, electricity, oil and gas, mining and coal, forestry, tourism and the creative economy, telecommunications, logistics,…
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