Business News

Sri Mulyani Reduces Export Levies on Wood Veneer to 5 Percent

Finance Minister Sri Mulyani Indrawati has revised the regulations concerning export goods subject to export duty and export duty tariff. In the new regulation, Sri Mulyani cut export duties, aka export levies for wood veneers (sheets of wood with a thickness of up to 3 mm), from 15 percent to…

Tourism Ministry to Start Disbursing Relief Grant to 101 Cities, Regencies Next Month

The Tourism and Creative Economy Ministry plans to start disbursing Rp 3.3 trillion (US$224 million) in relief grants to 101 selected cities and regencies in November, an official has said. The grant is intended to help recover the coronavirus-battered tourist industry. Seventy percent of the grants would be disbursed to…

Industrial Sector Exports Maintain Positive Performance

The national industrial sector remains aggressive in breaking into international markets amid the difficult times of the Covid-19 pandemic. The processing industry's non-oil and gas exports during January-September 2020 were recorded at US $ 94.36 billion."This achievement shows that the manufacturing sector still contributes the most to the total value…

Indonesian Halal Food Exports Reach USD 229 Million, Spread in 29 Countries

The total export value of Indonesian halal food reaches USD 229 million. This figure comes from the export of 10 processed commodities. This achievement will continue to be improved with various incentives from the government. "If we look at Indonesia currently has the top 10 halal food products with a…
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