Business News

Investors no longer need BKPM recommendation to get stay permits

The Investment Coordinating Board (BKPM) and the Law and Human Rights Ministry’s Immigration Directorate General have integrated their respective Online Single Submission (OSS) system and Immigration Management and Information System (SIMKIM) to ease the procedures investors have to go through in obtaining temporary stay permits (Kitas).With the integrated system, investors…

Govt to gradually lower corporate income tax starting 2021

The government plans to gradually lower the corporate income tax in a bid to attract more investment and boost the country’s cooling economic growth.Finance Minister Sri Mulyani Indrawati said the plan would be incorporated in a tax bill currently being discussed by the government before it was brought to the…

Interview with Marco Noto La Diega - Chairman of Italian Business Association in Indonesia

IBAI is still in its relatively early stages of development. Do you see positive results for your members? Are you happy with the progress in IBAI? Yes, IBAI is getting stronger, and I am pleased with the progress to date. Our members base is growing and getting stronger in terms…

New Cabinet: Fresh effort to boost economy

With Indonesia’s economy softening and facing pressure from around the world, President Joko “Jokowi” Widodo plans to overhaul the Cabinet to address economic issues to boost exports, investments and the digital economy.President Jokowi, who is to take up his second five-year term starting in October, said the upcoming lineup of…
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