Business News
Indonesia expands tax breaks for sales of bigger cars
Indonesia has expanded its tax breaks on car sales to include more types of vehicles, the country's finance ministry said, in a bid to accelerate economic recovery and aid its manufacturing industry. "The government sees that stimulus for the middle class has big potential to boost consumption," the ministry said…
The Ministry of Industry: 63 Startups will Show at the Hannover Messe 2021
The Ministry of Industry stated that 63 Indonesian startups will participate in this year's Hannover Messe. They will be part of hundreds of Indonesian companies participating in the event. "At the Hannover Messe, the Ministry of Industry presented 65 startups from 156 Indonesian companies," said the Director General of Resilience,…
Indonesian govt accords priority to MSME recovery for bolstering economic growth
The Indonesian government has focused on the recovery of micro-, small- and medium-scale enterprises (MSME) that significantly contributed to driving national economic growth, Coordinating Economic Affairs Minister Airlangga Hartarto has stated.MSMEs have contributed 61.1 percent to the national economic growth and absorbed 97 percent of the total workforce, or some…
Govt Targets to Produce 600,000 Electric Cars in 2030
The Industry Ministry is targeting to produce 600,000 units of electric cars and 2.45 million units of battery-powered motorcycles in 2030.The production target of battery-powered electric vehicles will hopefully be able to reduce CO2 emissions from cars by 2.7 million tons and from motorcycles by 1.1 million tons, Industry Minister…
