Business News
Poor logistics hold back Indonesian e-commerce from 'quantum' leap
Accenture, a Fortune 500 business consultancy, has estimated that Indonesia’s e-commerce market may grow from US$27 billion last year to $300 billion by 2025, if the country’s digital ecosystem can leapfrog into a fully integrated “quantum commerce” environment. “This means integrating everything from your phone, entertainment, transport, health and food,”…
Inalum establishes mining research institute to speed up downstream development
State-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) recently established the Mining and Minerals Industry Institute (MMII), a research center aimed at boosting the downstream industry to help meet the government’s goal of reducing imports. Inalum president director Budi Gunadi Sadikin said besides bringing added value to the industry,…
Indonesia plans electric vehicle incentives for foreign car makers
JAKARTA (Reuters) - Indonesia is finalizing a new electric vehicle (EV) policy that will offer fiscal incentives to foreign car makers, as it ramps up efforts to become a lithium battery hub, its deputy industry minister said on Tuesday. “Our target is for 20 percent of all cars produced in…
Indonesian President Joko renews pledge to cut corporate taxes if re-elected
Indonesian President Joko Widodo has renewed a pledge to cut corporate tax rates in South-east Asia's biggest economy if he is re-elected in April, an economic adviser said on Thursday (Jan 31), following a similar promise by his election opponent."Tax reforms will be continued in the second period of Mr…
