Business News
Ministry of Finance Responsible for Import Duty for Companies Affected by Corona
The Ministry of Finance (Kemenkeu) provides incentives for the import of goods and materials for the production process of materials to produce certain goods and/or services sectors affected by the covid-19 pandemic. The incentive is in the form of import duty facilities borne by the government. This is contained in…
Jokowi Opens First Toll Road in North Sulawesi, Hopes for More Investment, Competitiveness
President Joko “Jokowi” Widodo on Tuesday inaugurated the Manado-Danowudu section of the Manado-Bitung toll road, the first highway in North Sulawesi. The new toll road section connecting the provincial capital and Danowudu in Ranowulu district spans 26 kilometers, 65 percent of the 40-kilometer Manado-Bitung toll road. “Once the Manado-Bitung toll…
Digitalizing Indonesia's Mom-and-Pop Economy Draws Investors
Startups that aim to digitalize Indonesia’s smaller businesses continue to attract investor money even amid the coronavirus pandemic. BukuWarung, a bookkeeping app provider for Indonesian micro, small and medium-size enterprises (MSMEs), on Tuesday announced that it had raised an unspecified amount of capital from global investors after graduating from Y-Combinator,…
Brewing Tension: Coffee Producers Call for Help as Virus Saps Demand
Indonesia’s coffee producers and farmers are calling for support, including financing and product absorption, to weather the pandemic’s dire effects on upstream coffee demand. Rahmah of Ketiara Cooperatives in Central Aceh said on Wednesday that some 400 tons of coffee were being held under a warehouse receipt, 150 tons of…
