Business News

Govt to Proceed with Logistics System Reform Amid High Costs

The government is going ahead with the plan to implement the so-called National Logistics Ecosystem (NLE) platform, expected to cut red-tape, reduce high logistics costs and boost the country’s competitiveness, a senior minister has said. The platform is expected to reduce logistics costs from the current 23.5 percent of the…

Ministry of Finance Responsible for Import Duty for Companies Affected by Corona

The Ministry of Finance (Kemenkeu) provides incentives for the import of goods and materials for the production process of materials to produce certain goods and/or services sectors affected by the covid-19 pandemic. The incentive is in the form of import duty facilities borne by the government. This is contained in…

Jokowi Opens First Toll Road in North Sulawesi, Hopes for More Investment, Competitiveness

President Joko “Jokowi” Widodo on Tuesday inaugurated the Manado-Danowudu section of the Manado-Bitung toll road, the first highway in North Sulawesi. The new toll road section connecting the provincial capital and Danowudu in Ranowulu district spans 26 kilometers, 65 percent of the 40-kilometer Manado-Bitung toll road. “Once the Manado-Bitung toll…

Digitalizing Indonesia's Mom-and-Pop Economy Draws Investors

Startups that aim to digitalize Indonesia’s smaller businesses continue to attract investor money even amid the coronavirus pandemic. BukuWarung, a bookkeeping app provider for Indonesian micro, small and medium-size enterprises (MSMEs), on Tuesday announced that it had raised an unspecified amount of capital from global investors after graduating from Y-Combinator,…
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