Business News

Draft Regulations for Job Positions of Foreign Workers in Indonesia

On March 14, 2019, the Indonesian Italian Business Association (IBAI) was invited by the Indonesian Ministry of Manpower with other international chambers such as the American Chamber (AmCham), Australia Indonesia Business Council (IABC), Canadian Chamber of Commerce (ICCC), European Rooms (EuroCham), French Indonesia Chamber of Commerce and Industry (IFCCI),  Jakarta…

Jokowi Considers Establishing Ministries for Investment, Exports

President Joko “Jokowi” Widodo said he was considering forming new ministries to tackle a decline in investment and weak export growth. Jokowi, who is seeking reelection in the April 17 presidential election, said he had shared the idea with ministers recently. “I expressed it last week during a Cabinet meeting…

Developers Focus on Apartments with Prices Below Rp 1b

Property developers are focusing on building apartments costing less than Rp 1 billion (US$70,042) in order to expand their markets, business players. “Middle-income people are now the largest market segment in the property business,” said PT Summarecon Agung corporate secretary Jemmy Kusnadi in Jakarta on Monday as quoted by…

RI Pushing LNG Exports Amid Excess Supply

The government is looking to increase liquefied natural gas (LNG) exports to counterbalance the high imports of oil and liquefied petroleum gas (LPG), which have been blamed for causing the continuing trade deficit. The government recently gave the green light for United Kingdom-based oil giant BP to export 84 cargoes…
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