Business News

Indonesia suffers double-digit decline in foreign investment

Foreign direct investment in Indonesia shrank 12.9% on the year in the April-June quarter as companies wary of policy shifts ahead of the April 2019 presidential election stayed on the sidelines. Foreign direct investment totaled 95.7 trillion rupiah ($6.56 billion), the Indonesia Investment Coordinating Board said on Tuesday.

Indonesia Looks to Simplify Business Licensing With OSS System

July 12 2018 | As part of the push by the administration of President Joko Widodo to improve the ease of doing business in Indonesia and increase investment, the government has issued Government Regulation Number 24 of 2018 regarding Online Business Licensing Services (GR 24), which was signed and came…

Foreign exchange reserves decline to US$119.8 billion in June

Jakarta, Sat, July 7, 2018 | Indonesia’s foreign exchange reserves slid to US$119.8 billion as of June, lower than the $122.9 billion recorded a month earlier as Bank Indonesia (BI) continued to defend the rupiah against a stronger United States dollar. In a statement released on Friday, the central bank…

Property businesses take hit from increase in taxable value of property

Jakarta, Fri, July 6, 2018 | The taxable value of property (NJOP) in Jakarta has increased by 19.54 percent from the previous year, affecting property businesses in the capital that already find themselves in a difficult situation. “Currently, many people do not want to buy property because of the high prices and…
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