Business News
New Regulation makes it Easier for Foreigners to Work in Indonesia
6 April 2018 | the government of Indonesia issued Presidential Regulation No. 20/2018 on the Use of Foreign Workers in Indonesia. This new regulation aims at simplifying the permit application process for foreign workers, hence making the process more efficient and faster. Among the key changes is that the previously…
Trade Ministry issues 25 industrial salt import permits
The Trade Ministry has issued permits to 25 companies to import industrial salt, after President Joko “Jokowi” Widodo recently reverted the authority to issue recommendations on salt imports to the Industry Ministry from the Maritime Affairs and Fisheries Ministry. International trade director general Oke Nurwan of the Trade Ministry received a recommendation from…
Government to reduce income tax rate for SMEs
The government will immediately reduce the annual income tax rate for small and medium enterprises (SMEs) from one percent to 0.5 percent. "The step aims to boost the growth of SMEs. The regulation is under discussion," Puspita W. Surono, Finance Ministry`s expert staff for tax supervision, noted in a press…
Investment Boosts Renewable Energy, Ministry of Energy and Mineral Resources Revoke 9 Licenses
The Ministry of Energy and Mineral Resources (ESDM) facilitates investment in the electricity sector and New Energy Renewable Energy Conservation (EBTKE). How? By cut the permissions and rules. Secretary of the Directorate General of Electricity, Agoes Triboesono, said that the ease of Indonesia's business is at 72 in 2018, up…
