Business News
Rupiah Weakens to 14,065/US$
Wed, May 16, 2018 | The rupiah's inter-bank exchange rate in Jakarta on Wednesday morning was corrected 35 bps to trade for 14,065 per US dollar. Bisnis.com reported that at 08:23 Jakarta time the spot opened with a 0.24-percent decline at 14,070 per US dollar. The rupiah remained at Rp14,070 per…
Indonesia finalizes fiscal incentives for investments below Rp 500b
Wed, May 16, 2018 | The government is finalizing a regulation on fiscal incentives for new investments below Rp 500 billion (US$35.49 million), which are not covered in the latest tax-holiday scheme. Under the regulation being prepared, fresh investments worth between Rp 100 billion and Rp 500 billion will be…
Jonan: No More Coal Power Plants Construction
Thursday, 12 April, 2018 | Energy and Mineral Resources Ignasius Jonan has decided there will be no more coal-fueled power plant construction, especially in the island of Java. The decision was made on the basis of the Indonesian government’s commitment to anticipating climate changes. "In Java, there will be no…
Indonesia Seeks to Regulate More Fuel Prices as Elections Loom
April 9, 2018 | Motor fuel retailers including PT Pertamina and Indonesian units of Royal Dutch Shell Plc and Total SA will soon need government approval before raising prices as Southeast Asia’s largest economy seeks to cap inflation ahead of elections. President Joko Widodo’s government plans to issue a new…
