Business News
West Java Attracts IDR 103.6 Trillion Investments in the First Semester of 2023
Bandung - West Java has become a favourite destination for investors to expand their businesses. This is evident from West Java's achievement as the most efficient or highest investment destination in Indonesia for five consecutive years. In the current year, the amount of investments in the first semester of 2023…
Indonesia Explores Fisheries Processing Collaboration with Japan
The Minister of Cooperatives and Small and Medium Enterprises (SMEs), conducted a visit to Japan's largest and most successful fishing company, Marusen Suisan. During the visit, the Minister identified potential areas of collaboration between Indonesia and Japan. Specifically, in the field of fisheries processing, Indonesia could explore the possibility of…
The National Batik Export Targets Reaching USD 100 Million by 2023
The batik industry plays a crucial role in the national economy. Throughout 2022, the value of batik exports and batik products reached USD 64.56 million, a significant increase of 30.1% compared to the achievements in 2021. During the period from January to April 2023, the value of batik exports and…
The Minister of Industry: Free of VAT Import of CBU Electric Cars Only for Those Investing in Indonesia
The Minister of Industry of Indonesia is optimistic that the abolition of value-added tax (VAT) on imports of completely built up (CBU) electric cars can expand the electric vehicle (EV) market in Indonesia. The 0% VAT for electric car CBU is one of the government's efforts to expand the market…
