Business News
Indonesia–GCC Rushes Free Trade Agreement Negotiations, Targets Completion This Year
Indonesia and the governments of Indonesia and the Gulf Cooperation Council (GCC) countries are accelerating negotiations on the Indonesia–GCC Free Trade Agreement (FTA) during the fourth round of talks held in Riyadh, Saudi Arabia, from January 18–23, 2026, to complete the substantive agreement this year. Officials said this fourth round…
Ministry of Industry Promotes Import Substitution through Cassava Starch Industry Synergy
The Ministry of Industry (Kemenperin) is continuously striving to enhance the competitiveness of the national cassava starch industry by bridging producers and users through business matching activities. Minister of Industry Agus Gumiwang Kartasasmita stated that this initiative aims to optimize the absorption of domestic products and reduce the relatively high…
Government to Issue Minimum Floor Price Regulation for the Tin Industry
The Indonesian government is currently drafting a new regulation regarding the Minimum Floor Price (HPM) for tin to protect the national mining industry ecosystem. This policy aims to provide price certainty at the producer level and prevent extreme price fluctuations that could harm local small-scale miners. By implementing this price…
Government Targets Consumption Tax Revenue of IDR 995.2 Trillion in 2026
President Prabowo Subianto has set an ambitious target for Value Added Tax (VAT) and Sales Tax on Luxury Goods (STLG) revenue, totaling IDR 995.2 trillion for 2026. This figure reflects the government's optimism regarding the recovery of public consumption, which serves as the primary engine for national economic growth. The…
