Business News
Statistics Indonesia: Air Passengers Rise 36.68 Percent in March 2021
Statistics Indonesia (BPS) said Monday domestic air passengers in March 2021 reached 2.6 million, which was a 38.68 percent surge compared to February of 2021. BPS deputy of distribution statistics and services Setianto said the increase also happened in international flights. “Passengers of international flights grew 24.46 percent to 40.7…
Inflation Picks Up to Fastest Pace in Three Months Ahead of Idul Fitri
Indonesia has seen inflation accelerated to its fastest pace in three months in April, as demand for foods and clothes during the Islamic fasting month of Ramadan picked up and drove up the commodities' prices. The consumer price index a composite measure gauging price level from a broad basket of…
Indonesia’s Omnibus Law: Risk Based Business Licensing
• Indonesia’s Regulation 5 of 2021 introduces a risk-based approach to the issuance of business licenses.• Business activities will be assessed on the scale of the hazards they can potentially create (low risk, medium-low risk, medium-high risk, and high risk).• The risk-based business licensing procedure will impact 16 sectors, including…
Mother of Spices: Indonesia Eyes to Boost Spice Export to the EU
Jakarta. Indonesia is eyeing to ramp up their spice exports —particularly to the European Union, or EU— with a new multi-stakeholder platform dedicated to helping farmers export high-quality and sustainable spices.According to the Coordinating Ministry for Economic Affairs, the global demand for spices is rising amid the Covid-19 pandemic as…
