Business News
The Government Provides VAT Incentives for Electric Vehicles in Indonesia
The government is providing Value Added Tax (VAT) incentives for the purchase of electric four-wheeled vehicles and buses, aiming to accelerate the economic and electric vehicle transformation in Indonesia. The regulation has been stipulated in the Ministry of Finance Regulation No. 38 of 2023 regarding VAT on the Sale of…
Projected 5% Increase in Consumer Spending during Ramadan 2023
Economists predict that Indonesia's economy will stabilize in 2023, with a projected growth rate of around 5%, which is the average rate before the Covid-19 pandemic. One factor that could contribute to this growth is increased consumer spending during Ramadan, with a projected increase of 4.8 to 5% in Q2…
Lampung Exports 11,650 Tons of Sugarcane Drops Worth IDR 24 Billion to the Philippines
The Lampung Agricultural Quarantine Agency completed certification of 11,650 tons of molasses worth IDR 24 billion, to be exported to the Philippines, Monday (27/3/2023). A Plant Health Certificate or Phytosanitary Certificate (PC), is issued after going through a series of inspections by quarantine officers. These actions include physical inspection, documents,…
Indonesia at the Hannover Messe 2023: Opening the Gate for Industrial Technology Investment
Indonesia is again trusted as a partner country in the Hannover Messe. The world's largest industrial technology exhibition event taking place in Hannover, Germany, on April 17-21 2023. As a country that is developing economically and technologically, this is a great opportunity to introduce and showcase the latest industrial innovations…
