Business News
Italian Shopping Malls Reopen on Weekends as COVID-19 Measures Are Further Eased
Italy is on track to lift most of the measures it had enforced in recent months to curb the spread of the COVID-19 pandemic, and retail sales are expected to benefit from it.Shopping malls were finally allowed to stay open this past weekend after almost 160 days of forced weekend…
New Investment Ministry expected to drive economic transformation
The Joko Widodo administration's decision to upgrade the Investment Coordinating Board (BKPM) into the Ministry of Investment has been welcomed by the business community as it is expected to create positive sentiment among domestic as well as foreign investors. The new ministry, announced by President Widodo on April 28, 2021,…
Indonesia’s Job Creation Law unlocks new opportunities for foreign investors and expatriates
Southeast Asia's largest economy, Indonesia, has moved the tax system forward to be more globally competitive among countries in the region. By enacting Law No. 11 of 2020 (Job Creation Law), the government has restructured several major tax laws at once, facilitating quick responses toward the need of economic recovery…
Indonesia stays Java-centric despite infrastructure drive
Despite the emergence of new urban centres on other islands, the Indonesian population of over 270 million people remains concentrated on Java as other islands still fail to catch up with the development achieved on the country’s most populous island.Java had roughly 151.6 million people, or around 56.1 per cent…
