Business News
RPP Risk Based Business License Completed, Ministerial Regulation No Longer Needed
The government continues to work on resolving the derivative rules of the omnibus law on the Job Creation Law. One of them is related to the Draft Government Regulation (RPP) on Risk-Based Business Licensing and Supervision Procedures. The regulation will establish Norms, Standards, Procedures and Criteria (NSPK) in implementing the…
EU Drops Anti Dumping Investigation on Indonesian Stainless Steel
The European Commission has terminated an anti-dumping probe into hot-rolled stainless steel from Indonesia after the European steel lobby withdrew their complaints, the Indonesian Trade Ministry said on Tuesday. The decision ensures access to a key market for Indonesia's steel industry, which has ramped up its production capacity in the…
Jokowi Says Investing in Indonesia is Easier than Ever
As the global economy is idle due to coronavirus lockdown, the Indonesian government takes the momentum to launch an “extraordinary structural reform” that makes the business climate friendlier to investors than ever before, President Joko “Jokowi” Widodo said on Thursday. Key in the current reform is the adoption of a…
Patimban Seaport to Become Java’s Logistic Hub for Eastern Indonesia: Minister
Transportation Minister Budi Karya Sumadi said Monday that the Japan-backed Patimban seaport is expected to be the logistic hub for goods shipped to and from eastern Indonesia to Java Island, complementing the busy Tanjung Priok Port in Jakarta. Tanjung Priok Port will then primarily handle shipments that are bound and…
