Business News
Indonesia Tightens Export Rules: Gold Must Be 99% Pure, Coal Subject to Export Duty
Indonesia’s Finance Minister Purbaya Yudhi Sadewa announced stricter export regulations for strategic commodities, particularly gold and coal, to promote domestic downstream industries and strengthen the local bullion ecosystem. Gold exports are now limited to products with at least 99% purity in the form of ingots, bars, or granules, with mandatory…
Tax Rules Revised to Accelerate and Streamline Restructuring of 1,000 SOEs
The Indonesian government is moving to significantly streamline the restructuring process for its expansive network of State-Owned Enterprises (SOEs). New tax regulations are being introduced to enhance the efficiency of mergers, acquisitions, and restructuring programs involving up to 1,000 SOEs. This proactive policy adjustment by the Ministry of Finance aims…
Indonesian Tobacco Industry Expands Operations: October Cigarette Production Soars 73 Percent
The Indonesian Tobacco Industry (IHT) is demonstrating robust operational resilience and significant expansion, highlighted by an extraordinary surge in production volume. Preliminary figures indicate that national cigarette production witnessed a dramatic 73% year-on-year increase in October. This substantial jump in output signals that the industry is aggressively utilizing its capacity…
Sport Tourism Poised to Generate 30 Million Jobs in Indonesia
Sport tourism, defined as travel based around sporting events and activities, is emerging as a powerful new economic driver with enormous potential for Indonesia. According to Maya Watono, Head of InJourney, the full development of this sector could lead to the creation of up to 30 million jobs nationwide. This…
