Business News
Government Offers 20-Year Tax Exemptions and 100% Foreign Ownership in Special Economic Zones
The Indonesian government is offering significant fiscal incentives and easing licensing processes for investors in Special Economic Zones (KEK). Investors can enjoy tax exemptions for up to 20 years and 100% foreign ownership, alongside various non-fiscal benefits. Rizal Edwin, Secretary General of the National Council for KEK, highlighted that the…
KKP: Maluku's Fisheries Export Value Reaches IDR 400 Billion in First Semester of 2024
The Marine and Fisheries Quality Control and Supervision Agency (BPPMHKP) of the Ministry of Marine Affairs and Fisheries (KKP) reported that the export value of fisheries from Maluku reached IDR 400 billion in the first semester of 2024. This figure, equivalent to USD 25 million, was announced by Hatta Arisandi,…
Central Sulawesi Farmers Receive 287,572 Durian Saplings in Export Market Development Initiative
A total of 287,572 durian saplings have been distributed to farmers in Central Sulawesi Province as part of an effort to develop the commodity for export markets. Nelson Metubun, Head of the Central Sulawesi Department of Food Crops and Horticulture (TPH), stated that this assistance demonstrates the regional government's commitment…
Transformation of Indonesia's Nickel Exports: Strategic Collaboration with China and Its Impact on the Global Market
In 2014, Indonesia's nickel exports were valued at approximately IDR 17 trillion or around USD 1.1 billion. By 2022, this figure had surged dramatically to USD 33.8 billion or about IDR 510 trillion. The collaboration between Indonesia and China has significantly altered the global nickel market dynamics, leading to the…
