Business News

Indonesia threatens to quit Paris climate deal over palm oil

A senior Indonesian minister warned on Wednesday Southeast Asia’s biggest economy could consider exiting the Paris climate deal if the European Union goes ahead with a plan to phase out palm oil in renewable transportation fuel. Indonesia, the world’s biggest palm oil producer, has lashed out at the EU after…

Minister wants new players in jet fuel business to bring down airfares

Coordinating Maritime Affairs Minister Luhut Pandjaitan said he wants to push for the emergence of a new player in the jet fuel or avtur business in an effort to lower airfares and boost tourism in the country.One company that had expressed interest in becoming an avtur supplier is a joint…

APEC strives to find common ground on Intellectual Property Rights

APEC members sought to find common ground on intellectual property (IP) rights, including the protection and administration of IP rights in the Asia-Pacific region during a dialogue on IP policy, according to a written statement issued by APEC's IPEG and received here on Tuesday. The dialogue was held at the…

Businesses seek lower tax rate to improve competitiveness

Representatives of two business associations have called on the government to lower the rate of corporate income tax so they can manufacture products that can compete in the global market. They claim that the 25 percent tax rate means Indonesian products cannot compete in the global market because neighboring countries…
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