Business News
7,000 Duty-Free Products to Australia and SMEs Should Utilise The Opportunity
The Deputy Minister of Trade has stated that Indonesia is targeting a rise in non-oil and gas exports to Australia to reach USD 3.37 billion this year. However, the realisation of non-oil and gas exports to Australia until the first semester of 2023 falls considerably short of this target. The…
Rapid Growth of Indonesia's Digital Economy In Less Than 10 Years
The Ministry of Finance (MoF) highlights the rapid growth of Indonesia's digital economy in less than a decade. The Director General of Fiscal Balance at MoF cited data from the Economic Research Institute for ASEAN and East Asia (Eria) indicating that Indonesia's digital economy grew by 414% from 2017 to…
West Java Records USD 3.07 Billion Non-Oil and Gas Exports in June
The Department of Industry and Trade (Disperindag) of West Java has reported that the value of non-oil and gas exports in its region reached USD 3.07 billion in June 2023, predominantly driven by vehicle and spare parts commodities. The export of vehicle and spare parts commodities contributed around USD 644…
Minister of Finance Prepares Regulation for Tax-Free Import of Complete Electric Cars
The Minister of Finance, Sri Mulyani Indrawati, is in the process of formulating regulations regarding fiscal incentives to enable tax-free imports of complete electric cars (CBUs). There will be a Minister of Finance regulation later, in accordance with our latest cabinet meeting, as stated by the Minister of Finance after…
