Business News

Foreign workers, remuneration, working hours to be addressed in omnibus law

The government is looking to address issues related to foreign workers, severance pay, minimum wage and working hours deemed as unfavorable for investors in the omnibus bill on job creation, high-ranking officials have said.President Joko “Jokowi” Widodo instructed ministers on Monday to conclude drafting the omnibus bill on job creation…

Indonesia to lower threshold for import taxes on e-commerce goods

The government will lower the threshold at which it begins to impose import taxes on consumer goods sold via e-commerce to just $3 (about Rp 42,000), from $75, to control purchases of cheap foreign products and protect small domestic firms, officials said on Monday.Overseas shipments from e-commerce purchases jumped to…

Government wants more SMEs to go public

The government is encouraging small and medium enterprises (SMEs) to offer their shares to the public through the Indonesia Stock Exchange (IDX).The Financial Services Authority's (OJK) executive head of stock exchange supervision, Hoesen, said on Tuesday that 11 SMEs were now in the pipeline for initial public offerings (IPOs) to…

Indonesia Embraces GCEL’s Digital Economy Platform to Unleash a New USD 20 Trillion Digital Services Industry by 2035, Nearly 10 Times the Size of the Current Oil and Gold Production Combined

JAKARTA, Indonesia--(BUSINESS WIRE)--Indonesia Vice-President H.E. Jusuf Kalla congratulated the Global Coalition for Efficient Logistics (GCEL) and the Indonesia Chamber of Commerce (KADIN) for the recent execution of MOUs at the Indonesia Stock Exchange between GCEL, KADIN and Bukalapak, Indonesia’s largest e-commerce firm, and Kresna Finance and Insurance with the aim…
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