Business News

Indonesia Sets Aside US$7.5 Million to Build Coral Reef Gardens in Bali

The Indonesian government is setting course to build coral reef gardens in five locations across Bali in hopes of conserving and restoring marine ecosystems around the island, as officials aim to also boost economic recovery through the project’s labour-intensive work. Officials introduced the Indonesia Coral Reef Garden (ICRG) program just…

Researcher: The Job Creation Law Opens Opportunities for Increasing Foreign Investment in the Agricultural Sector

Head of Research Center for Indonesian Policy Studies (CIPS) Felippa Amanta said, the ratification of the Omnibus Law on the Job Creation Act opens opportunities for increased foreign direct investment (FDI) in the agricultural sector, such as in plantations, livestock, and horticulture. The opportunity to increase investment in this sector…

President Underscores Need to Maintain Positive

President Joko Widodo (Jokowi) laid emphasis on the need to maintain positive growth in the agriculture sector in the wake of the COVID-19 pandemic to boost the welfare of farmers and fishermen. During a virtual meeting on farmers’ corporation at the Bogor Presidential Palace, West Java, on Tuesday, Jokowi called…

Industry Can Import Sugar and Salt Directly Without Importers

President Joko Widodo (Jokowi) now allows the industry to import industrial salt and sugar directly. That way, no more imports are carried out by intermediaries or third parties. So far, industries that need industrial sugar and salt have to buy through importers. Later, the industry does not need to buy…
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