Business News
Investment realization in Q1 2020 strengthens by eight percent: BKPM
The Investment Coordinating Board (BKPM) recorded an eight-percent rise in investment realization during the 2020-first quarter (Q1), reaching Rp210.7 trillion, from Rp195.1 trillion during the corresponding period of 2019, despite pressure amid the COVID-19 outbreak."Total investment in the first quarter of 2020 touched Rp210.7 trillion, spread across 25,192 investment projects,"…
BKPM issues over 4,000 permits for health-related firms in early April
The Investment Coordinating Board (BKPM), which manages the national online single-submission system for business permit requests, has issued 4,042 operational or commercial permits for firms in the health sector as the country battles the COVID-19 outbreak.Health sector permits issued in the first two weeks of April surpassed 70 percent of…
Indonesia to issue larger tax breaks to cover 11 more sectors
Indonesia will issue larger tax breaks to cover 11 business sectors similar to the incentives given to manufacturing industries to help companies weather the economic impacts of the COVID-19 pandemic.The 11 sectors are food, trade, electricity, oil and gas, mining and coal, forestry, tourism and the creative economy, telecommunications, logistics,…
Trade Balance March 2020 Surplus of US $ 740 Million
Indonesia's trade balance recorded a surplus in March 2020. In fact, the value is higher than the expectations.The Central Statistics Agency (BPS) reported on Wednesday (4/16/2020), the value of Indonesia's exports last month was US $ 14.09%. Slightly decreased -0.2% compared to the same period on the previous year. Although…
