Business News
Indonesia Deregulates Palm Oil Exports
The new regulation on the export of palm crude oil (CPO) and its derivative products has taken effect and is part of the government’s plan to simplify the export procedures of the country’s major commodity.On Monday, the Trade Ministry announced the revocation of Trade Minister Regulation No 54/2015 on technical…
MINDSET CHANGE, STRONG LEADERSHIP REQUIRED TO PROMOTE ELECTRIC MOBILITY
Rapid urbanization has led to traffic congestion and pollution, with the United Nation projecting that the number of the world’s population living in cities will increase by 55 percent today to 68 percent by 2050. Against this backdrop, cities worldwide are eager to address urban challenges by adopting a smart…
FOOTWEAR EXPORTS TO EXPAND THIS YEAR
Industry Minister Airlangga Hartarto is optimistic the exports of footwear products will increase to US$6.5 billion this year and reach $10 billion in the next four years. “Moreover, Indonesia has signed the CEPA with Australia and the European Free Trade Association [EFTA]. This has the potential to expand the export…
GOVERNMENT URGES 'EXPLOITATION' OF START-UPS TO DRIVE REGIONAL TOURISM, ECONOMIES
The government is pushing regional administrations to exploit the country's numerous digital start-ups to boost local tourism and empower local economies to drive economic growth. The digital economy was key to the global tourism industry, as well as Indonesia's tourism industry, as it helped the sector to grow more rapidly…
