Business News

Consumer goods tariff hike shows little effect in curbing imports

A government policy to impose higher import tariffs on 1,147 consumer goods has been unable to significantly discourage importers, with imports decreasing by less than 10 percent since the rule was implemented in October. “From January to September, the [monthly] value of imports was US$31.1 million. It only decreased to…

Ministry regulates digital signature vendors

The Communications and Information Ministry is closely monitoring startups that provide digital signatures services to prevent any misuse, an official has said. To do so, the ministry has armed itself with Ministerial Regulation No. 11/2018 on electronic certification vendors, which was issued on Sept. 6. The regulation contains 14 requirements…

Jokowi ratifies seven trade agreements

President Joko “Jokowi” Widodo has ratified seven bilateral and multilateral trade agreements by signing a presidential regulation in a bid to boost trade, according to a senior trade official. Trade Ministry secretary-general Karyanto Suprih confirmed on Tuesday that he had been informed about the ratification. “This morning, I heard that…

RI, EFTA Countries To Sign Trade Deals

Indonesia has wrapped up negotiations for a free trade and investment pact with members of the four-nation European Free Trade Association, and a final agreement is due to be signed in December, Indonesia’s trade minister said. Negotiations on the Comprehensive Indonesia-European Free Trade Association Comprehensive Economic Partnership Agreement (IE-CEPA) between…
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