Business News
Indonesia records Rp223 trillion investment in second quarter
Investments in Indonesia grew 16.2 percent to Rp223 trillion in the second quarter of 2021, compared to Rp191.9 trillion in the same quarter last year, according to the Investment Ministry/Investment Coordinating Agency (BKPM). Compared to the previous quarter, investments in the second quarter of 2021 grew slightly, by 1.5 percent…
PPKM Level 4, Ministry of Industry Ensures Manufacturing Industry Activities are Not Disturbed
The Ministry of Industry (Kemenperin) is actively monitoring the implementation of health protocols and the Operational Permit and Mobilization of Industrial Activities (IOMKI) in a number of manufacturing industry sectors that are classified as critical or essential, especially during the current Level 4 Community Activity Restrictions (PPKM) period. In addition…
PPKM Extended; Govt Scraps VAT for Shopping Mall Stores
The government pledged to grant new incentives as it decided to extend the emergency state of public mobility restrictions or PPKM Level 4. One of them is the exemption of Value-Added Tax (VAT) for renting shop spaces in shopping centers from June to August 2021. Tenants would no longer have…
Trade Minister sees Indonesia's exports improving
Trade Minister Muhammad Lutfi has said he is optimistic that Indonesia's export performance will improve this year, as indicated by the trade surplus of $1.32 billion recorded in June. “Despite this pandemic, we are convinced of the excellent prospects of Indonesian commodities. We hope the prime commodities will keep contributing…
