Business News

Indonesia pledges to safeguard investments as Covid-19 fears grow

Indonesian authorities have provided assurances to investors that they will be shielded from potential disruptions amid the coronavirus outbreak that has discouraged investment into the country.Investment Coordinating Board (BKPM) head Bahlil Lahadalia met with the National Police's Criminal Investigation Department (Bareskrim) chief, Insp. Gen. Listryo Sigit Prabowo, on Monday to…

Indonesia, EU strive to complete negotiations on economic deal in 2020

Indonesia and the European Union (EU) have agreed to complete the negotiations on the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU CEPA) by the end of 2020.The agreement was reached by Indonesian Deputy Trade Minister Jerry Sambuaga and European Commissioner for Trade Phil Hogan at their meeting on February 19. Sambuaga…

Indonesia parliament tells government to tax a wider range of plastic products

The government had at first proposed to impose excise taxes on plastic bags, sweetened beverages and vehicles that emit carbon dioxide, to discourage their use, cut waste and reduce pollution in Southeast Asia’s largest economy. The government proposal came amid weak tax collection after the economy grew at its slowest…

Government sends omnibus bill on job creation to House

The government has submitted a letter to the House of Representatives to officially start the deliberation of an omnibus bill on job creation, after failing to do so several times.Coordinating Economic Minister Airlangga Hartarto said the letter was submitted on Wednesday, along with the draft law and academic analysis. The…
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