Business News
New Import Duty Exemption Rules Boost Agricultural, Livestock, and Fisheries Industries
To stimulate the development of Indonesia's agricultural, livestock, and fisheries industries, the government has issued new regulations on import duty exemptions for seeds and seedlings. This initiative is detailed in the Ministry of Finance Regulation (PMK) No. 41 of 2024, effective from 3 August 2024. Encep Dudi Ginanjar, Head of…
Indonesia Seeks USD 14 Billion Investment to Power Sulawesi Smelters
The Indonesian government requires an investment of USD 14 billion, equivalent to IDR 226.58 trillion, to meet Sulawesi's electricity needs by 2030. This investment includes USD 10.7 billion for power plants, USD 2.3 billion for transmission, and USD 1 billion for substations. The primary demand in Sulawesi is for smelter…
Indonesia Excels in Fisheries and Livestock Sectors in Southeast Asia
Indonesia is recognized for its strong comparative advantage in the fisheries and livestock sectors compared to other Southeast Asian countries. Bhima Yudhistira Adhinegara, Director of the Center of Economics and Law Studies (Celios), emphasized the potential of these sectors to significantly boost the economy. "Beyond fisheries, there are restorative economic…
Government Seeks New Gross Split Scheme to Boost Oil and Gas Investment Climate
The Indonesian government is working to enhance investment competitiveness in the upstream oil and gas sector by introducing a new Gross Split scheme. This initiative aims to make the Gross Split mechanism more attractive to Contractors of Production Sharing Contracts (KKKS). The Ministry of Energy and Mineral Resources (ESDM) plans…
