Business News

INDONESIA'S RAILWAY INDUSTRY CAN BECOME GLOBAL PLAYER, INKA CLOSED AGREEMENT WITH SWISS RAIL COMPANY STADLER RAIL GROUP

Jakarta, (ANTARA News) - Indonesia's railway industry has improved its competitiveness through cooperation with global companies that will allow transfer of technology, and improve its role in the global supply chain, Industry Minister Airlangga Hartarto stated. Hartarto made the statement after visiting the Stadler Rail Group headquarters in Bussnang, Switzerland,…

REI TELLS GOVT TO FULFILL PLEDGE ON TAX INCENTIVES FOR PROPERTY

Real Estate Indonesia (REI) has called on the government to immediately fulfill its promise to provide the property industry with tax incentives to help it recover from its stagnation.“We hope it will be as soon as possible,” REI secretary-general Paulus Totok Lusida said during the 2019 Property Outlook event in…

Government Doubles Down on Building More, Better-Quality Homes

The housing program that Jokowi launched in 2015 aims to reduce the country’s housing backlog from 7.6 million in 2015 to 5.4 million this year, especially for lower-income families. In the three years since its launch, the program has built 3.45 million housing units. The subsidized housing units are small,…

INDONESIAN PRESIDENT CHAIRS MEETING ON OIL AND GAS DRAFT LAW

Jakarta (ANTARA News) - Indonesian President Joko Widodo chaired a limited cabinet meeting here on Wednesday to discuss the draft law on oil and gas initiated by the House of Representatives (DPR).The president urged ministers attending the meeting to conduct a thorough and careful study of the draft law to…
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