News

  • Indonesia beats China in consumer confidence

    Article by Grace D. Amianti Benefiting from a recovery in global commodity prices, Indonesia has seen its consumer confidence which rose at the second fastest rate among emerging markets, surpass China, a survey conducted by Credit Suisse Research Institute (CSRI)…
  • May urged to keep trade as free as possible to boost economy for decades to come

    Article by Tim Wallace Theresa May has been urged to keep trade as free as possible to promote economic growth in the decades to come, as she enters Brexit negotiations on Monday. If the world turns its back on free trade…
  • Loosen 'Negative List' to Enjoy More Investment: World Bank

    Jakarta. Indonesia could enjoy more foreign direct investment inflows if the government renegotiates the so-called negative investment list, or DNI, and relaxes some restrictions, the World Bank said in a recent report. The report, "Indonesia Economic Quarterly: Upgraded," published on Thursday (15/06),…
  • Indonesia has good outlook, yet should cut restrictions: World Bank

    Indonesia saw in 2017 on a strong footing with better a global environment supported by the country's fiscal performance and better quality of spending, according to the World Bank's Indonesia Economic Quarterly report released this month. The report also highlights…
  • World Bank Sees Faster Economic Growth for Indonesia

    Jakarta. The World Bank has kept its projections for Indonesia's economic growth this year — 5.2 percent — and next year — 5.3 percent — on the back of positive readings from the global market and the country's sound domestic…
  • Indonesia announces 10 new destination brands

    The government has announced 10 new destination brands to support the Wonderful Indonesia campaign in an attempt to attract 15 million foreign tourists in 2017 and 20 million in 2018. The 10 destinations are Bandung, Bali, Jakarta, Riau Islands, Joglosemar…
  • Indonesia told to develop halal industry

    Indonesia, despite its status as the world’s most populous Muslim country, has not optimally developed its halal industry, which has great market potential, a researcher of the Center of Reform on Economics (CORE) Indonesia has said. According to a study…
  • Indonesia's Digital Switchover Marked by Controversy, Conflicting Interests

    Jakarta. Television industry players have pointed to flaws in revisions of the 2002 Broadcasting Law, which are currently drafted by the government and lawmakers, highlighting weaknesses in the proposed business model in meeting industry players' expectations in transitioning from analog to digital systems. Digital terrestrial…
  • Mastercard showcases innovations in e-commerce solutions

    The Singapore office of Mastercard Labs, a research and development center managed by American multinational financial services company Mastercard, recently hosted a showcase for innovation in digital commerce solutions that will be developed by various similar units around the world. The Innovation…
  • Indonesia joins global effort to curb illegal fishing

    Support is mounting for Indonesia to bring illegal, unregulated, and unreported (IUU) fishing up to a higher level of discussion in the United Nations, as many countries have shared similar concerns on the issue in the plenary meeting and called…
  • Public Works Ministry, World Bank to Develop Tourism Infrastructure

    Jakarta. The spirit of "Indonesia Incorporated" has been strengthened by the Public Works and Housing Ministry's collaboration with the Tourism Ministry in developing tourism infrastructure. Public Works Minister Basuki Hadimuljono met with World Bank director for Indonesia Rodrigo A. Chavez to…
  • Indonesia, Poland Explore Economic Cooperation

    Jakarta - Indonesia’s Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan paid a visit to Poland on June 8-10 to explore economic cooperation. According to Luhut, both countries have a lot of potential, including in strategic industries. Luhut said that Indonesia’s…
  • Biznet invests $100m for fiber optic expansion this year

    Internet service and network provider Biznet is expanding its fiber optic network and customer base.  “To help build modern infrastructure to reduce the country’s digital gap, Biznet has prepared US$100 million this year,” it said in a statement on Friday. …
  • Indonesia’s forex reserves total $124.96 billion in May

    Indonesia’s foreign exchange (forex) reserves hit another record high since at least 2015 in May, climbing to US$124.96 billion, data released by Bank Indonesia (BI) on Thursday shows. The reserves earlier peaked at $123.25 billion in April, the most since…
  • Jokowi: Time to Capitalize on Sovereign Credit Rating Upgrade

    Jakarta. President Joko "Jokowi" Widodo told his ministers not to issue new regulations, especially those that that have the potential to obstruct investment, in order for the country to capitalize on Indonesia's recently raised sovereign credit rating from Standard & Poor's. The country currently has…
  • Global recovery drives World Bank triple growth upgrade for UK economy

    article written by Szu Ping Chan for Telegraph.UK  With a fragile but real recovery now underway, countries should seize this moment to undertake institutional and market reformsJim Yong Kim, World Bank The World Bank has upgraded its forecasts for UK…
  • Russian Investor Eyeing Oil Projects in Tanjung Api-api SEZ

    Jakarta - Enoh Suharto Pranoto, the secretary of the National Council on Special Economic Zone (SEZ) said Russian investor is eyeing oil projects in Tanjung Api-api SEZ in South Sumatra. The Russian investor is prepared to invest up to 10 billion…
  • Panasonic's housing firm to develop smart town in Indonesia

    PanaHome Asia Pacific Pte Ltd -- a housing company of the Panasonic Group -- has entered into an agreement with PT Puradelta Lestari to establish a joint venture company, PT PanaHome Deltamas Indonesia, with an aim of building a residential…
  • KPPU: Only 1.6 Percent of Indonesians Become New Entrepreneurs

     Jakarta - Business Competition Supervisory Commission (KPPU) chairman Muhammad Syarkawi Rauf said that there are only 1.6 percent or around 4.6 million new entrepreneurs in Indonesia. "The number of business actors on a national level is only 1.6 percent out of the…
  • Govt Suspends 6 Import Licenses

    Manokwari - The Trade Ministry has suspended the permits of six importing companies under suspicion of fixing commodity prices. One of them is a horticultural importer. "From the F&B sector there is also a sugar importer whose license we suspended, Trade…
  • Indonesia's 2017 Growth Rate Could Top Gov't Target: Finance Minister

    Jakarta. Indonesian Finance Minister Sri Mulyani Indrawati said on Tuesday (30/05) that economic growth this year could top the current official target, thanks to better trade numbers and investment than in 2016. Indrawati said growth of 5.3 percent is possible, and…
  • The Future of E-insurance in Indonesia

    Article by Ben Furneaux             Internet and mobile utilization are now part of the daily life of more than 130 million Indonesians. The country has more than 327 million active mobile subscribers and 106 million social media users, making huge…
  • Govt Turns to Polytechnics to Boost Skilled Workers

    Article by Moses Ompusunggu When he graduate from SMK 36 state vocational high school in Cilincing, North Jakarta, two years ago, Saiful Fakhri, 20, says the only thought on his mind was pursuing higher education at a polytechnic. And currently…
  • UK urged to create independent trade policy adviser

    The UK needs to set up an independent body to advise on trade policy post-Brexit, a British think tank has argued. A new paper from the London-based Institute for Government warns that the UK government needs to “radically” change the…
  • Coal miners to be required to develop coal gasification

    Energy and Mineral Resources Minister Ignasius Jonan will issue a ministerial regulation to require coal miners to develop coal manufacturing facilities, particularly underground coal gasification, the energy output of which would be used for electricity. Ministry spokesman Sujatmiko said on…
  • E-system supports effective reforms

    Over the past few years, a number of Indonesian regions have made progress in cutting red tape and enabling business activities to be carried out with greater ease. At the heart of their achievements is the deployment of an e-system,…
  • LRT Jakarta progress reaches 15 percent: Developer

    The construction progress of the light rail transit (LRT) project in Jakarta has reached 15 percent, according to state-owned construction company PT Adhi Karya, a contractor of the project that is required to complete it in 2019. The Rp 23.5 trillion (US$1.77 billion)…
  • Google Indonesia Expects Online Sales to Jump During This Year's Ramadan

    Jakarta. Indonesian online marketplace and e-commerce sites are set for their biggest sales period of the year as the Islamic holy month of Ramadan approaches, a Google executive said on Tuesday (23/05). According to findings by the Indonesian Retailers Association (Aprindo),…
  • Asian Games Venues 60 Percent Complete

    Jakarta - Public Works and Public Housing Minister is accelerating the completion of infrastructure and renovation of sports venues and athlete dorms for Asian Games 2018 in Jakarta and Palembang. Public Works Minister Basuki Hadimuljono said the completion of infrastructure construction…
  • Indonesia Development Forum to Find Ways to Overcome Socioeconomic Gaps

    Jakarta. The Ministry of National Development Planning launched the Indonesia Development Forum, an international forum involving local and international stakeholders to find solutions to overcome income and developmental gaps in the archipelago. Partnering with the Australian government through its Knowledge Sector Initiative…
  • Minister Susi: Indonesia is 3rd largest fish exporter in SE Asia

    Jakarta - The Marine and Fishery Minister Susi Pudjiastuti said that Indonesia is the third largest fish exporter in Southeast Asia. “Despite the fact that we have the world’s second longest coastline. It’s a contradiction and an irony, we should not…
  • Sri Mulyani Says S&P Rating Gives Positive Impacts for Investment

    Jakarta - Finance Minister Sri Mulyani Indrawati claimed that the rise of rating from international rating institution Standard & Poor's (S&P) will make market perception towards investment in Indonesia more positive. Today, S&P raises Indonesian rating to investment grade level.  "This…
  • Franchise expo to support micro-franchising in RI: Organizers

    An international franchise exhibition opened on Friday in Jakarta to support domestic micro-franchising and to attract more entrepreneurs to join the industry, organizers have said. The annual event, officially named The International Franchise, License & Business Concept Expo & Conference…
  • New Investment Can Spur Economic Growth in 2018, BI Says

    Jakarta - Central bank Bank Indonesia said the government`s economic growth target of 5.4 to 6.1 percent in 2018 could be achieved by increasing the realization of new investment, especially for productive sectors. Head of BI Monetary and Economic Policy Department…
  • Sweden seeks stronger economic ties with Indonesia

    Sweden is aiming at strengthening its economic relations with Indonesia through a business forum in Jakarta on the sidelines of the visit of Swedish King Carl XVI Gustaf and Queen Silvia to Indonesia next week. The event, named the Indonesia-Sweden…
  • Rupiah Climbs as Dollar Weakens

    Jakarta - The Indonesian trade balance surplus is expected to decline. However, the rupiah is saved by the US dollar's correction in Asian markets last Friday. The rupiah closed last week's trade at Rp13,340 per US dollar. "The rupiah is likely…
  • The end of petrol and diesel cars? All vehicles will be electric by 2025, says expert

    No more petrol or diesel cars, buses, or trucks will be sold anywhere in the world within eight years. The entire market for land transport will switch to electrification, leading to a collapse of oil prices and the demise of…
  • Optimistic, Tech-Savvy Asean Youths Look Forward to Integration: Survey

    Jakarta. Young people in Southeast Asia are looking forward to a regional economic integration which they believe will bring better job opportunities and career prospects, a recent survey by Switzerland-based nonprofit foundation World Economic Forum revealed. The survey gathered online response…
  • Indonesia Pitches Energy Investment to Canada

     Montreal - Indonesian Ambassador to Canada Teuku Faizasyah said that Indonesia has a huge potential in the renewable energy sector and is ready to work with Canada to develop the sector. Earlier on Wednesday, May 10, 2017, Teuku Faizasyah spoke in…
  • Indonesia plays it cool in competition for China’s OBOR money

    Indonesia is playing its cards close to its chest in its effort to convince China to sink more money into the archipelago through the ambitious One Belt One Road (OBOR) initiative, by offering limited projects in only two to three…
  • Young Population, Growing Digital Economy Will Bring Prosperity to Asean: WEF

    Jakarta. A young population and the prospect of a growing digital economy are expected to bring prosperity to people in Southeast Asia, participants in a panel discussion at a World Economic Forum event in Phnom Penh, Cambodia, said on Thursday (11/05).…
  • Digital Revolution Expected to Add Additional $1t to Asean GDP by 2026

    Jakarta. The digital revolution can help countries in Southeast Asia to increase their combined gross domestic product by an additional $1 trillion by 2026, a global telecommunications company executive said during a World Economic Forum event in Phnom Penh, Cambodia, on…
  • Indonesia Sees Unemployment Drops by 0.28 Percent

    Jakarta - Institute for Development of Economics and Finance (Indef) Economist Dzulfian Syafrian positively welcomed the decline of the open unemployment rate (TPT) in February 2017 as much as 0.28 percent. This figure is lower compared to that of February 2016…
  • Govt aims to boost productivity at individually run oil palm plantations

    The government is focusing on increasing the productivity of individually run palm oil businesses by implementing a replanting program. Coordinating Economic Minister Darmin Nasution said compared to corporate-run plantations, individually run plantations had far lower productivity. Poor quality seeds and the low…
  • Minister Mulls Establishing Sea Connectivity of Maluku-Australia

    Jakarta - Transportation Minister Budi Karya Sumadi plans to establish sea connectivity between Indonesia’s Maluku and Australia to boost the fishery industry. Budi Karya said that he will choose between the cities of Saumlaki and Tual in Maluku that will be…
  • Jakarta launches online platform for SMEs

    The Jakarta administration has launched an online platform for small and micro enterprises (SMEs), allowing them to market their products to various regions in Indonesia through the city's official website. Jakarta Governor Basuki "Ahok" Tjahaja Purnama said the platform was the follow-up…
  • Indonesia Calls for Greater Cooperation Among Asian Multilateral Development Banks

    Yokohama. Indonesia called for greater cooperation among multilateral development banks in Asia on infrastructure development to ensure inclusive growth amid fresh challenges posed by shifting policies in the West. "I think we want the ADB [Asian Development Bank] to cooperate with other…
  • GetCRAFT Unveils Report on Indonesia's Digital and Content Marketing

    Jakarta. GetCRAFT, a content marketing platform connecting marketers and content creators, has released a new white paper titled "Indonesia's Digital and Content Marketing Report in 2017," which provides an overview of the digital and content marketing industry. The report, published last…
  • Indonesia Will Likely See 11% Loan Growth in 2017: Finance Minister

    Yokohama. Loan growth is likely to accelerate by as much as 11 percent in Indonesia this year as banks are expected to return to healthy performance, Finance Minister Sri Mulyani Indrawati said on the sidelines of the 50th annual meeting of…
  • Indonesia Calls on ASEAN to Fight Black Campaign on Palm Oil

    Jakarta - Indonesia has called on palm oil producers in ASEAN, especially Malaysia and Thailand, to jointly fight against black campaign on palm oil. Indonesian Foreign Affairs Minister Retno LP Marsudi said in Manila, Sunday, the country's palm oil production has faced…
  • Indonesia's Financial Sector Is Stable: KSSK

    Jakarta - Indonesia's financial sector was in a normal condition in the first three months of the year as inflation remained tame in line with improving loan conditions and liquidity in the banking sector as well as a stable rupiah against…
  • Indonesian workers urge President Jokowi to realize Nawacita commitments

    Jakarta - Thousands of Indonesian workers, grouped in the Indonesian Workers Association (Aspek), took to the streets on Monday to call on President Joko Widodo (Jokowi) to realize the Nine-Priority (Nawacita) commitments in the field of employment. Aspek Indonesia President Director…
  • Gov't to Implement CHC Single Price Policy

    Jakarta - State-owned Enterprises Ministry announced it is now considering implementing a container handling charges (CHC) single price policy.  The CHC rate at Tanjung Priok seaport for example, is currently at US$ 83 per container. "The CHC pricing in every seaport differs.…
  • Gov't-Backed Infrastructure Projects a Boon for State Construction Firms

    Jakarta - Profits at state-owned construction firms soared early this year on the back of new contracts and ambitious infrastructure projects planned by the government all across the Indonesian archipelago. Waskita Karya booked Rp 450 billion in net income in the…
  • Indonesia's Chocolate Rush Worth Rp 15 Trillion

    Jakarta - Indonesia is going to consume 99,000 tons of chocolate this year, establishing a Rp 15 trillion ($1.13 billion) domestic market, which drives the country's transformation from a raw cocoa exporter to its net importer, according to a report by…
  • Google and Facebook bring in one-fifth of global ad revenue

    Google and Facebook attracted one-fifth of global advertising spending last year, nearly double the figure of five years ago, research shows. Online advertising has overtaken television to become the world’s largest ad medium, according to data and analysis agency Zenith. Twitter…
  • Local Manufacturers Stand to Gain as Plants Leave China

    Jakarta. Relocating manufacturers from China will quicken that sector's growth in Indonesia until 2021, providing ample investment opportunities in the country's numerous industrial complexes, according to a report by real estate consultant Jones Lang LaSalle, or JLL, released on Thursday (20/04).…
  • Indonesia inches closer to realizing port hub dream

    Indonesia is inching closer to realizing its dream of making Tanjung Priok Port a major international transshipment hub and taking a slice of Singapore’s business pie. The government, along with French container shipping firm CMA CGM Group, launched Sunday the…
  • Investors to Take Confidence From Peaceful Jakarta Election

    Jakarta. Investors should look beyond the divisive and religiously charged Jakarta election and take confidence from a peaceful voting day as a sign of stability in the country, officials and business leaders said. Quick count results show that Anies Baswedan, the candidate…
  • Global finance officials argue benefits of free trade

    The world's major economies are united in their belief that free trade delivers healthy economic growth. But they also agree that more needs to be done for those left behind, and the new Trump administration is letting it be known…
  • Remittances to developing countries fall in 2016, Indonesia worse

    Remittances to developing countries fell for a second consecutive year in 2016, a trend not seen in three decades, says the World Bank’s Migration and Development Brief, which is released during the International Monetary Fund's Spring Meetings. The Bank estimated…
  • IMF neglects to mention protectionism in 2017 communique

    Members of the International Monetary Fund (IMF) on Saturday pledged joint efforts to reduce global imbalances, but did not repeat their past pledge to resist all forms of protectionism—which has been growing among many advanced and emerging economies. The International…
  • Sri Mulyani Brings Good News after IMF Meeting

    Jakarta - Finance Minister Sri Mulyani brings good news following the meeting of the boards of governors of the International Monetary Fund (IMF) in Washington DC, the United States, on Saturday, April 22, 2017. “At the meeting, we discussed the latest global…
  • World Bank Warns Asia-Pacific Nations of Increased Economic Risks

    Jakarta. The World Bank has warned economies in the East Asia and Pacific region of risks that cloud the region's positive outlook, advising governments to take measures to strengthen policy and institutional frameworks to increase productivity. "Developing East Asia and Pacific continues…
  • Indonesia Needs to Do More to Attract Foreign Investment: Jokowi

    Jakarta - President Joko Widodo (Jokowi) said Indonesia needs to do more, and provide greater facilities to attract foreign investors to the country. The president cited investment which he described as insignificant in amount by Saudi Arabia in Indonesia compared with in…
  • Oil Imports Account for 50 Percent of Domestic Demand

    Jakarta - The Energy and Mineral Resources Deputy Minister Archandra Tahar said that oil imports account for 50 percent of domestic oil demand. “National oil demand currently stands at 1.6 barrels per day, whereas national crude oil output is around 800,000…
  • Indonesia shall not be dictated by Europe over CPO: Agriculture minister

    Agriculture Minister Andi Amran Sulaiman has asserted that there is no way for Europe to dictate Indonesia’s agriculture industry in relation to the single sustainable palm oil standard issued by the European Parliament. The European Parliament issued on April 4…
  • Govt aims to boost SME exports to African countries

    The Trade Ministry is looking to diversify its export market to African countries to reach the targeted 5.6 percent increase in non-oil and gas exports to US$138.7 billion in 2017. These export destinations are deemed suitable for small and medium…
  • EU Unaffected by Protectionism, Seeks to Move Forward With IEU-CEPA

    Jakarta. The European Union is not threatened by the rising trend of protectionism around the world, and maintains free trade as the way forward, a senior official said in Jakarta this week. "The trade policy of the EU is not threatened.…
  • Sales of Indonesian Coffee in Italy Expected to Rise

    Jakarta - Indonesian Ambassador to Italy Esti Andayani targets economic growth of Indonesia-Italy investment and trade to rise 25 percent during her term of office in Rome. "25 percent is the overall figure, yes, both in investment trade," Esti said in…
  • British Petroleum Expands to Indonesian Retail Fuel Market

    Jakarta - UK-based oil and gas company British Petroleum (BP) expanded its business in Indonesian retail fuel market. The company has joined hands with local fuel distributor PT Aneka Kimia Raya Corporindo Tbk (AKR), after signing an agreement on April 5, 2017, in…
  • Brexit 'liberating if May seizes the chances in Asia', says Lord O'Neill

     Ambrose Evans-Pritchard, in cernobbio, italy  9 APRIL 2017 • 9:00PM “I’m a Remainer but there are more important issues for the British economy than whether or not we are members of the European Union. Maybe even some good could come from…
  • Indonesia's US-Dollar Sukuk Sale Attracts More Investors

    Jakarta. Indonesia's latest issuance of US-dollar denominated Islamic bonds attracted greater investment from funds in the United States, an Indonesian government official said on Thursday (30/03). Southeast Asia's largest economy raised $3 billion this week from a dual-tranche sukuk sale, the…
  • Sri Mulyani to Simplify Excise Tariff

     Jakarta - The Finance Ministry has planned to simplify the excise tax structure in a bid to optimize state revenues and reduce layers of tariff establishment Indonesia remains dependent on tobacco excise as its main revenue source. About 95 percent of the…
  • Indonesia Strengthens Economic Ties with UK

    Jakarta - Coordinating Economic Minister Darmin Nasution met with UK Secretary of State for International Trade RT Hon Liam Fox MP on Friday, April 7, 2017, to strengthen economic ties between Indonesia and the UK. “The UK is an important trade…
  • Upstream investment in Q1 only 14 percent of 2017 target

    Investment in the upstream oil and gas sector amounted to only 14 percent of the full-year target during the first three months of 2017. Data from the Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) show that investment in…
  • Global sukuk helps jack up Indonesia's foreign reserves

    Indonesia boosted last month its foreign exchange reserves to US$121.8 billion, higher than February's position of $119.9 billion, as the government's recent issuance of sukuk played a major role in the increase. Bank Indonesia (BI) attributed the increase to funds…
  • Brexit means global opportunity not thuggery

    The Prime Minister embarks on a tour of the Gulf today, notably visiting Britain’s key strategic ally in Saudi Arabia. Meanwhile, Chancellor Philip Hammond is leading a trade delegation to India, one of the fastest-expanding markets in the world, and…
  • How will Brexit affect Britain's trade with Europe?

    Britain will have to reach a new trade agreement with the European Union following its decision to sever links with Brussels. The task will be complex and will have to be carried out under the pressure of a two-year deadline. Here…
  • Rupiah Expected to Weaken as Greenback Gains Power

    Jakarta - March ended with the rupiah depreciating. On Friday, March 31, the rupiah fell for a second day in a row amid the US dollar's power climb.  The Garuda closed Friday with a slight decline of 0.05 percent or 6.0…
  • Trump puts Indonesia on trade hit list

    A week after seeing a petition against Indonesia’s biodiesel, the country has seen another blow in its trade with the United States after President Donald Trump called for an investigation into the “trade imbalance” between the US and 16 countries,…
  • Indonesia's rice self-sufficiency to be achieved by 2020

    Bank Indonesia (BI) projects the country will achieve rice self-sufficiency by 2020 if paddy conversion stops and the government is consistent in its efforts to increase the size of paddy and develop irrigation infrastructure. “Agriculture infrastructure projects are ongoing. It…
  • Plunging agriculture share to GDP major concern for policymakers

    The persistent decline in the contribution of the agriculture sector to the gross domestic product (GDP) has been a key concern for policymakers, an official has said. The share of the agriculture sector to the GDP fell to only 13.45…
  • Cooperation Not an Option, but Necessity for Indonesia's Tourism Industry: Minister

    Jakarta. Tourism Ministry officials and local government representatives held a two-day national coordination meeting at the Borobudur Hotel in South Jakarta last week to discuss ways to make Indonesia's tourism sector more competitive. "Harmonizing and synergizing [the industry] is not an…
  • Fitch: Investors Upbeat on Indonesia but Point to Political Risk

    Fitch Ratings-Hong Kong/Jakarta/Singapore-02 April 2017: Most attendees at Fitch Ratings' Indonesia Credit Briefing held in Jakarta were optimistic about Indonesia's prospects and felt that now was the time to increase exposure to the country. Domestic political turbulence was seen as…
  • Sri Mulyani highlights potential areas of investment to UK businesses

    London (ANTARA News) - The Great Britain is one of Indonesias strategic partners, with bilateral trade reaching US$2.4 billion, according to Finance Minister Sri Mulyani Indrawati. The statement was made by the minister during the 2017 Economic Outlook, organized by…
  • Government to issue regulation on land distribution in April

    President Joko “Jokowi” will issue in the coming weeks a presidential regulation on land distribution as part of his administration’s agrarian reform program to improve the welfare of farmers, Coordinating Economic Minister Darmin Nasution said on Sunday. The presidential regulation…
  • Businesses want meeting with Liam Fox to hammer out export strategy

    Small businesses want a meeting with Liam Fox to create a long-term strategy for export support, replacing what has been described as a “shambles” in the current system of trade aid. The government wants to promote Britain as a global trading…
  • IDX Launches Incubator to Help Startups Go Public

    Jakarta. The local bourse launched a startup incubator program on Thursday (23/03) to encourage the growing number of technology startups to undertake initial public offerings. The business incubation program is aimed at helping create and develop early stage companies or business…
  • Ride-hailing apps, conventional taxis must compete fairly

    Transportation Minister Budi Karya Sumadi has stressed that both ride-hailing apps and conventional taxi companies have to be ready to compete fairly to ease tension among drivers of both transportation modes as clashes were frequently occurring in many regions. He…
  • Marketing Analytics Start-Up AppsFlyer to Expand Business in Indonesia

    Jakarta. AppsFlyer, a global marketing analytics start-up, may open an office in Indonesia as the company seeks to take advantage of the country's growing mobile marketplace. Based in Herzliya, Israel, AppsFlyer's business model measures and monitors user interaction with advertisements embedded…
  • Private sector expected to contribute 27% of road construction

    The government hopes private companies develop 27 percent of new roads nationwide, Public Works and Public Housing Minister Basuki Hadimoeljono has said. Under the Indonesia Road Development Plan 2015 to 2019, the government plans to develop 2,650 kilometers of toll…
  • Brexit Britain is suddenly debating trade – but it's the wrong talking point

    Brexit has turned Britain into a nation of trade nerds. In the past nine months, trade has gone from being too boring to mention into a subject about which everybody has a view. Those who eyes would once have glazed…
  • Regional Leaders Set Food Security Goals in Jakarta Forum

    Jakarta. Business leaders, government officials, tech entrepreneurs, executives from non-government organizations and local farmers gathered in Jakarta for a two-day forum to discuss on innovative ways to boost sustainable food production and improve welfare of smallholder farmers in the Asean region,…
  • Commercial Car Market to Improve in 2017

       Jakarta - Sales of light commercial cars, especially the pickup and double cabin pickup truck is predicted to grow in the second half of 2017. Sales Manager of PT Tata Motors Distribusi Indonesia (TMDI) Wilda Bachtiar, said that the improving…
  • Financial services industry vulnerable to cyber-attacks: Fortinet

    The United States-based network security company Fortinet has stated that Indonesia’s financial services industry is vulnerable to cyber-attacks due to its obsolete security methods in facing the ever-growing number of highly-skilled cyber criminals. “The financial services industry is still the…
  • Number of Indonesia's Retail Investors Rises

    Jakarta - Executive Head of the Capital Market Supervision Department of the Financial Services Authority (OJK) Nurhaida said the number of retail investors in Indonesia reaches 1 million investor this year. However, he said that the figure is still too small…
  • Indonesian stocks rally to record high as foreign investors buy

    Indonesian stocks rallied to record high, as foreign investors continued to buy local stocks after biggest daily net inflow in five months. The Jakarta Composite Index rose as much as 0.7 percent to an all-time high of 5,557.98 before trimming…
  • Investors need to be flexible to catch a coming bandwagon

    By Tom Stevenson To perform as an investor, you have to get a lot of things right at the same time. Picking the right stocks is obviously important. Being bold when others are fearful, and vice versa, matters too, even…
  • Positive Sentiments Help Rupiah Gain More

    Jakarta - Reza Priyambada, head researcher of Bina Artha Securities, expected the Rupiah to continue to strengthen against the US Dollar early this week. Reza predicted that the Rupiah will move to around a support level of IDR 13,320 and resistance level…
  • Ceramic industry group to hold ceramic exhibition to woo global players

    The Indonesian Ceramic Industry Association (Asaki) will hold its 6th annual ceramic exhibition Keramika 2017 on March 16 to March 19 in Jakarta to showcase advancements in industrial technologies and designs to the global market. Exhibition committee chairman Mulyadi Toha said on Wednesday…
  • Telkom Craft Indonesia kicks off, showcasing digitalized SMEs

    State-owned telecommunication giant PT Telkom Indonesia opened the Telkom Craft Indonesia exhibition on Friday to showcase small-medium enterprises (SMEs) that have digitalized their businesses with the firm’s assistance. As many as 126 SMEs from various parts of the nation, mostly…
  • Political Instability Threatens New Business From Europe

    Jakarta. European business executives are becoming less confident about the future of their companies in Indonesia as growing political instability threatens to undo recent progress in infrastructure and economic reforms. A survey released on Wednesday (08/03), titled 'The 5th Joint European Chambers' Business…
  • Industry Ministry Targets Furniture Exports to Reach 26.8tn

    Jakarta - Industry Minister Airlangga Hartarto said that furniture and craft industry is one of export-oriented labor industry sectors that employ more than 500,000 workers. With such great potentials, the government target furniture exports to reach US$ 2 billion or around Rp 26.8 trillion. "The exports will total US$…
  • Gov't Serious in Infrastructure Development, Minister Says

     Jakarta - National Development Planning Minister Bambang Brodjonegoro said the government is serious in infrastructure development. He added that the country's infrastructures are already left behind from those of other countries. He also said that infrastructures have become Indonesia's weak points…
  • BCI 2016: Political instability spooks EU investors

    Political instability has alarmed European businesspeople as they are now weighing their reinvestment options in Indonesia. According to the Joint European Chambers’ Business Confidence Index 2016, concerns over political instability have crept into 47 percent of 148 respondents, rising from…
  • The 2017 Indonesian startup popular sector forecast

    Within the last five years, startups have become a part of our daily lifestyle, alongside the increase in internet access penetration among Indonesians. Current data from the Indonesian Internet Service Providers Association (APJII) indicates that the number of Indonesian internet…
  • Central Bank, Foreign Affairs Ministry Agree on Collaboration to Draw Investment

    Jakarta. Bank Indonesia, the central bank, and the Foreign Affairs Ministry have agreed on a deal to exchange information and improve manpower to attract more investment into the country. Bank Indonesia Governor Agus Martowardojo and Foreign Affairs Minister Retno Marsudi signed…
  • Try Harder Coffee Hipsters, Indonesians Still Love Their Instant Coffee

    Jakarta. Indonesians are the world's fastest growing consumers of packaged coffee — including instant coffee in sachet, ready-to-drink coffee and coffee in pod or capsule — in the past five years, a report from global market research firm Mintel showed. The…
  • Indonesian Furniture Exports Drop in 2016, Rattan Industry a Culprit

    Jakarta. Indonesia's furniture and handicraft exports dropped 16 percent last year to $1.6 billion from $1.9 billion in 2016 as the industry grapples with a shortage of raw materials and the government struggles to persuade companies from relocating overseas in search of lower…
  • Economist: Oil, Gas Governance Not Yet Effective

    Jakarta - Former head of the Oil and Gas Reform Team Faisal Basri viewed that the oil and gas governance in Indonesia has not yet provided optimum benefits for the people. “I want these natural resources to be used for the…
  • Regulation against bank secrecy to affect only foreign clients initially

    A government regulation in lieu of law (Perppu) aimed at reducing bank secrecy as part of a global initiative to fight tax evasion will only apply to foreign customers in the first stage of its implementation. A Perppu is equal…
  • Bank Indonesia, Foreign Ministry team up for economic diplomacy

    Bank Indonesia (BI) and the Foreign Ministry have agreed to cooperate in improving economic diplomacy in order to enhance Indonesia's role in international economic affairs. This commitment has been expressed in the agreement signed by BI governor Agus D.W. Martowardojo and Indonesia…
  • Innovation can be key to standing out in a crowded market

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  • Indonesia to Double GDP Contribution From Maritime Sector in Next Decade

    Nusa Dua, Bali. Indonesia expects contribution from economic activities in its oceans to double in the next decade, setting an ambitious goal that reflects the country's concerted effort to clean up its oceans, develop sustainable fisheries, explore deep sea mining and establish…
  • UK rises to become third most important country for company growth prospects, PwC says

    A third of investors included the UK in their top three, up from 19pc last year By Lauren Davidson  27 FEBRUARY 2017 • 12:13AM The UK has risen a place in investors’ eyes to equal Germany as the third most important…
  • 'Local Startup Festival' Showcases Industry and Its Quirks

    Jakarta. A three-day Local Startup Festival hosted by local creative business communities Local.co.id and StartUpLokal opened in Jakarta on Friday (24/02), featuring industry veterans as well as novice startups and tech enthusiasts who shared insider tips and tricks on how…
  • More than 50 companies express interest in Bontang oil refinery construction

    More than 50 companies will explore the possibility of taking part in the Bontang oil refinery project from state-owned oil and gas firm Pertamina during its public expose next Tuesday. Pertamina processing and petrochemical megaproject director Rachmad Hardadi said the firm…
  • Private sector urged to invest in infrastructure

    Private companies taking part in infrastructure development is highly important because of the state’s limited funds for infrastructure projects, a government official has stressed. Public Works and Housing Ministry secretary general Anita Firmanti said on Thursday that the government needed…
  • Indonesian hunts for tourism funding with new mutual funds scheme

    The government is teaming up with fund management companies to prepare for the launch of a limited participation mutual funds (RDPT) product by March this year. The government hopes this scheme will support the development of the country’s priority tourist…
  • Full Support of Health Insurance for Foreign, Domestic Investors

    Jakarta - The Investment Coordinating Board (BKPM) gives its full support for the National Health Insurance program implemented by the Workers Social Security Agency (BPJS Ketenagakerjaan) The support was marked with the signing of a Memorandum of Understanding between the two agencies…
  • Provide Positive Information for Investors, President Jokowi Says

    Jakarta - President Joko ‘Jokowi’ Widodo  urged everyone to provide positive information, including Indonesia’s economic information, to investors. The President made the statement at the opening of the National Coordinating Meeting of the Investment Coordinating Board (BKPM) at Bali Nusa Dua…
  • Businesses in Wait-and-See Mode Ahead of Second-Round Election

    Jakarta. While most local businesses are pleased with the relatively uneventful first round of the Jakarta gubernatorial election, they are putting off any major decisions while they wait for the two remaining candidates to provide more details of their economic programs. Incumbent…
  • Trans-Java toll road project boosts non-state funding model

    The trans-Java toll road has come up as the first project to reach financial closure under the non-state budget infrastructure funding (PINA) model. National Development Planning Board (Bappenas) head Bambang Brodjonegoro on Friday announced the financial closure for the project…
  • Coal-loving Indonesian investor doubles down after 39% gain

    Indonesian stock fund manager Agus Yanuar has trounced his peers and the Jakarta Composite Index over the past year by riding a rebound in commodity prices. Now, the chief investment officer at PT Samuel Aset Manajemen says he’s sticking to…
  • Gov`t to Improve Transportation Infrastructures to Wakatobi

    Jakarta - The government will optimize transportation infrastructures to Wakatobi, South East Sulawesi as an effort to support Wakatobi as one of the best tourism destinations in Indonesia. "Connectivity in Wakatobi is quite limited at the moment,” Transportation Minister Budi Karya…
  • BI: Strategic Commodity Prices Will Rise This Year

    Jakarta - Central bank Bank Indonesia (BI) estimated that the prices of the majority of strategic commodity will increase throughout 2017 and such an increase will leverage the rate of exports as one component of economic growth boosters. BI economic and…
  • Indonesia's Foreign Debt Growth Slows in Last Quarter of 2016

    Jakarta. Indonesia's foreign debt growth slowed in the fourth quarter of 2016 compared to the previous quarter, in line with a corresponding slowdown in its long-term foreign debt, according to a report by Bank Indonesia released on Friday (17/02). The country's…
  • Extension of Concentrate Export Permit Affects Papua`s Growth

    Jayapura - Head of Bank Indonesia (BI) of Jayapura chapter Joko Supratikto said the extension of concentrate export permit for PT Freeport Indonesia (PTFI) that has not been finished will impact economic growth in Papua because mining sector remains the dominant…
  • Local content requirement for cars to hit 90% by 2019: Industry Ministry

    The Industry Ministry plans to raise the local content requirement for cars to 90 percent by 2019 from 60 percent at present to strengthen the national automotive industry and create more jobs. “Today, the local content requirement has reached 60…
  • World Bank gives Indonesia $55.25m to develop geothermal power

    The World Bank’s board of executive directors has approved $55.25 million in grants to support geothermal energy projects in Indonesia with the aim to facilitate investment in geothermal power generation. “Insufficient energy holds back Indonesia’s growth potential and limits the…
  • Ministry to Formulate Policies for Ensuring Economic Equality

    TEMPO.CO, Central Lombok - The Coordinating Ministry for Economic Affairs will formulate necessary policies to ensure equitable economic development in Indonesian regions. "The president has called on the coordinating minister to create policies to address the development gaps in regions," Coordinating Minister…
  • Indonesia may soon revise land ownership taxes - minister

    Feb 3 Indonesia may soon revise the way it taxes land ownership as part of a push to reduce wealth inequality and increase state revenue in Southeast Asia's largest economy, the chief economic minister said. Among the proposed measures is…
  • Sri Mulyani asks businesspeople to support clean-up of tax system

    Finance Minister Sri Mulyani Indrawati is asking businesspeople to work with the government to help create a more credible taxation system. "I want to get support from all of you," Sri Mulyani told an Indonesian Employer Association (Apindo) CEO gathering…
  • Power Producers Must Hand Over Their Plants to PLN at the Contract's End

    Jakarta. Starting this year, the government will require independent power producers to transfer new power plants to state power company Perusahaan Listrik Negara when their contracts expire, in a move to ensure state control over the critical sector. The Constitutional Court…
  • Cigarette ad spending hits Rp 6.3 trillion in 2016

    Cigarette ad spending for television and print media surged 45 percent to Rp 6.3 trillion (US$470.8 million) in 2016 amid a ban on cigarette ads on billboards in Jakarta and sporting events nationwide. “This is understandable because cigarette firms shifted…
  • Gold Demand in 2016 Decreases

    Jakarta - The World Gold Council (WGC) issued a report on gold demand trends in 2016. It explained that gold based jewelry consumption dropped 15 percent year on year (YoY) last year to 2,041.6 ton from the previous of 2,388.6 ton.…
  • Indonesian Tourism Industries Support Visa-free Policy

    Jakarta - Indonesian tourism industries have expressed support to the adoption of visa-free policy by the government so far, citing positive impact on the tourism sector. The general chairman of the Association of Indonesian Tourism Industries (GIPI), Didien Junaedy, said here on…
  • Biodiesel on high demand as Indonesia turns to cleaner fuel

    Local palm oil producers predict the domestic use of biodiesel will increase by 30 percent to 40 percent in 2017 following the government’s decision to impose the 20 percent biodiesel blending ( B20 ) policy to non-subsidized diesel fuel starting…
  • BPKM Chief Reveals 5 Barriers to Making Investment in Indonesia

    Jakarta - There are five main barriers to making investment in Indonesia, according to Chairman of the Investment Coordinating Board (BKPM) Thomas Lembong. Those barriers are, first, many regulations and legal uncertainty that discourage investors. Therefore, Thomas said, measures are needed…
  • Minister sees Germany, Switzerland as models for vocational schools

    Industry Minister Airlangga Hartarto has urged the country to use developed countries like Germany or Switzerland as examples in developing vocational schools as an inseparable part of the industrialization process. “If we take a look at Germany or Switzerland, 16-year-old…
  • Robust export-orientated policy vital amid Trump's protectionism

    As protectionism appears to be on the rise led by the United States under the new Donald Trump administration, Indonesia needs to be creative and agile in capturing export markets to benefit from the new circumstances, a state official has…
  • Mobile App Summit Highlights Indonesia's Need for Better Infrastructure and Skills

    Jakarta. Players in the mobile application industry see lots of potential but also major drawbacks in Indonesia, world's third-largest mobile phone market. Network infrastructure was listed as one of the hurdles Indonesia needs to overcome if it wants to achieve full…
  • Gov`t to Build New Economic Centers

    Jakarta - The government announced that it would continue building new economic centers in several regions, particularly in eastern Indonesia. "The sea toll program is already under way. We can feel the impacts already. Prices of commodities in eastern Indonesia have…
  • Indonesia`s Economy Expected to Grow by 5.1%: Analyst

    Jakarta - Anton Hemanto Gumawan, economist at Bank Mandiri, said that Indonesia’s economy has passed the bottom phase and will continue to show a positive trend this year. Nevertheless, he added, it is forecast that economy will not grow really fast…
  • Indonesia Contributes 58% of Sustainable Palm Oil Production

    Jakarta - Indonesia has contributed 58 percent of the world`s sustainable production of palm oil, stated the Roundtable on Sustainable Palm Oil (RSPO). "Indonesia contributes 58 percent to the worlds palm oil production with RSPO certificate," RSPO Indonesia Director Tiur Rumondang said…
  • Indonesia Must Start Finding New Export Markets, Observer Says

    Jakarta - Member of the Expert Council of the Habibie Alumni Program, Rony Mamur Bishry, has urged the government to brace for the effects of the policies implemented by the newly-inaugurated President of the United States Donald Trump in the next…
  • Indonesia's Worried About Market

    Jakarta. Indonesia's reform-minded finance minister seemed to invoke memories of the 1997-98 Asian financial crisis this week when explaining why she came down so hard on JPMorgan Chase & Co for downgrading the country's equity market. JPMorgan published a research…
  • World Economic Forum: Protectionism Will Take Us 'Back to the Future'?

    Jakarta. The future of international trade affairs is in question due to a possible renegotiation of current international trade deals and unclear fate of forthcoming ones. As panelists at the World Economic Forum in Davos on Thursday (19/01) tried to peek into the future…
  • Pekanbaru Can be New Center of Investor Growth: IDX

     Jakarta - The Indonesia Stock Exchange (IDX) of Pekanbaru Chapter reported that the city of Pekanbaru in Riau province has the potential to become the center of investor growth due to the high enthusiasm of the people in the province to…
  • Jakarta Composite Index Expected to Strengthen Today

    Jakarta - PT Asjaya Indosurya Securities predicts that the Jakarta Composite Index (JCI) in today’s trading, January 23, 2017, will be affected by issuers’ financial reports, commodity prices and domestic economy. Indosurya Research Director William Surya Wijaya said that the JCI will…
  • Next Level in Asian E-commerce — Borderless Digital Marketplaces

    Singapore. Singapore-based e-commerce fulfillment company Anchanto officially launched their newest platform SelluSeller at industry forum Asia E-commerce Dialogue 2017 on Tuesday (17/01). The new platform's name was inspired by the Malay-Indonesian word "selalu" — or "always" in English.   SelluSeller aims…
  • Sritex Aims for Double Digit Profit Growth After Production Expansion

    Jakarta. Sri Rejeki Isman, one of Indonesia's largest textile companies, is predicting double digit net income growth in 2017 following an increase in production capacity last year. The company, also known as Sritex, is eyeing off an increase of 14 percent…
  • Train car maker sees Rp 2.6 trillion revenue this year

    After booking Rp 1.8 trillion (US$135.22 million) in revenue last year, state-owned train car maker PT INKA is set to collect Rp 2.6 trillion this year or a 48 percent increase from last year. “Last year, our revenue target was…
  • Govt Threatens to Revoke Permits of Mining Companies

    Jakarta - Mining companies have, so far, benefited from exploiting and exporting Indonesia`s mineral ores without processing it at home, thereby causing losses to the nation. Hence, in 2009, the government had taken a decision to ban the export of raw minerals…
  • Tourism Ministry to evaluate free-visa policy in April

    The Tourism Ministry will evaluate the free-visa policy introduced last year to boost foreign tourist arrivals, following reports of frequent immigration violations. “The evaluation will start in April, one year after the policy was introduced,” said Tourism Minister Arief Yahya…
  • Indonesia won't flood nickel market: minister

    By Fergus Jensen and Eveline Danubrata | JAKARTA Indonesia's abrupt easing of a three-year ban on nickel ore exports will not flood the global market but instead is aimed at balancing the country's smelters and creating job opportunities at mines, top mining officials said on…
  • M&A in UK to Drop Sharply in 2017 Due to Brexit Uncertainty

    London - Mergers and acquisitions activity in the United Kingdom will drop sharply in 2017 due to uncertainty over the terms of its exit from the European Union, law firm Baker McKenzie said in a report published on Monday, January 16,…
  • Southeast Asia's Stock Rally May Weather Any Trump-China Trade Spat

    A rally in Southeast Asian stocks may persist even if a Trump-induced trade spat with China erupts, as strategists see the region offering shelter from any global fallout. After taking a dive as expectations for faster U.S. interest-rate hikes damped…
  • Indonesia Considers Curbs on Negative Research by Banks

      Indonesia’s government is considering curbs on negative research reports by foreign banks, building on its decision to punish JPMorgan Chase & Co. for issuing a bearish call on the country’s equity market. The finance ministry may ask top management at global…
  • Bitcoin buyers eye Beijing nervously as price drops off high

    After he bought several million yuan worth of the cryptocurrency in June, the 34-year-old finance worker watched as prices skyrocketed 43 percent in the second half of 2016 before reaching an all-time high of $1,162 this week. Yang is now looking…
  • Hate it or love it, digital currencies are here to stay

    Financial institutions in Indonesia should brace themselves as cryptocurrency is gaining popularity in the largest economy in Southeast Asia with no intention of slowing down. Online gamer Tirta Prawisuda, 23, has been making extra cash since 2013 by selling online…
  • Retailer Transmart Carrefour to open 30 new stores in 2017

    Major retailer Trans Retail Indonesia will open dozens of new stores this year in a bid to attract more visits to its physical stores despite the booming online retail industry. “We will open 30 new stores under the Transmart Carrefour brand in…
  • Foreign Firms Urged to Float Shares at Stock Exchange

    Jakarta - Foreign companies, whose assets and income originate in Indonesia, are being urged to float their shares on the Indonesian Stock Exchange (BEI) as an Initial Public Offering (IPO). There are some 52 foreign investment companies in Indonesia that fall into…
  • Weak Dollar Brings Positive Sentiment to Rupiah: Analyst

    Jakarta - Reza Priyambada, a senior analyst from Binaartha Securities, said that the weakening of US dollar still gives a positive sentiment to Rupiah. He added that Rupiah is still likely to rebound. Nevertheless, investors are expected to stay vigilant against…
  • Indonesia's Benchmark Stock Index Gains 15% in 2016, 2nd Best Performer in S.E. Asia

    Jakarta. Indonesia's benchmark stock index gained 15.32 percent this year, thanks to a relatively stable rupiah and expectations that the country will post steady economic growth in 2016. The benchmark Jakarta Composite Index closed at 5,296.71 on Friday (30/12), 0.11 percent…
  • Oil, Gas Production Exceeds Target, Minister Says

    Jakarta - Energy and Mineral Resources Ministry announced that the production and lifting of oil and natural gas in 2016 reaches 114 percent. In 2016, the average production of oil reached 831,000 barrel per day, while the production of natural is…
  • Trump`s Businesses in Indonesia Potential to Conflict of Interest

    Jakarta - The United States president-elect Donald J. Trump’s business dealings may be marred with conflict of interest in Indonesia since Mr. Trump has already had close ties with the country’s top politicians. Mr. Trump’s plans to cooperate with MNC Group…
  • 2017 Economic Growth Expected to Reach 5.1 Percent, Minister Says

    Jakarta - The National Development Planning Agency (Bappenas) predicted that the national economic growth in 2017 will reach around 5.1 to 5.3 percent. Speaking before reporters in Jakarta on Saturday, Minister of National Development Planning/Bappenas Head Bambang Permadi Brodjonegoro said: "Economic growth…
  • Foreign investors get double gains from Indonesia market

    Indonesia has been one of the most lucrative investment destinations in the Asia-Pacific, given the positive performance of the stock market and its stable currency. This is evidenced by foreign flows into the stock market reaching Rp28.76 trillion (US$2.22 billion)…
  • Year in Review: Stocks That Soared Above 100% in 2016

    Jakarta. Amid stellar performance by Indonesia's stock market in 2016, sharp investors, and some that were just lucky, may have found themselves holding stocks that have more than doubled in value over the year. After all, the odds of a jackpot…
  • Finance Ministry Cuts Partnership With JP Morgan Over Negative Research Note

    Jakarta. The finance ministry has cut all partnerships with JP Morgan Chase after emerging markets equity strategists at the multinational banking and financial services company recommended investors to reduce their portfolio investment exposure in the biggest economy in southeast Asia.…
  • Delonghi Group partners with PT Multi Mayaka launched 2 newest product

    On december 08th and 09th, 2016, placed at South of Jakarta, Delonghi Group that partner with PT Multi Mayaka launched 2 newest product. The first is mixing product from Kenwood, The Titanium Series, which has competitive advantages in terms of…
  • US Policy Under Trump May Cut Indonesia's 2017 Growth Pace: Minister

    Indonesia's growth pace in 2017 will be reduced by nearly half a percentage point if Donald Trump as United States president implements all the policies he advocated while campaigning, the development planning minister said on Thursday (08/12). For next year,…
  • Indonesia’s 1st data center expo to kick off next year

    Players in the local data center industry will organize a major conference and exhibition next year to share and discuss strategies as well as opportunities amid the growing demand for such services in Southeast Asia’s largest economy. Chairman of the newly established…
  • BRI intensifies support for SMEs

    As part of its strategy to support small and medium enterprises (SMEs), state-owned lender Bank Rakyat Indonesia (BRI) invited more than 100 SMEs that were BRI customers from across Indonesia to showcase their products in JIEXPO Kemayoran in Central Jakarta…
  • Samsung Maintains Dominance in Indonesia's Smartphone Market

    South Korean electronics giant Samsung dominated the Indonesian smartphone market in the third quarter of this year, riding on a 4 percent annual increase in total shipments of handheld devices to Southeast Asia's biggest economy, a report by information technology research firm…
  • France May Become Gateway for Indonesia`s Products to Europe

    Indonesia is considering turning France into a gateway for its products to non-traditional markets in Europe, Industry Minister Airlangga Hartarto said." France has a dynamic industry and is one of the most competitive nations in the world," he said, while…
  • Jobs in start-up companies most attractive for millenials

    Korean online job-seeking platform Jobplanet said on Thursday that millennials in Indonesia were becoming more interested in working for start-up companies, especially in the IT industry. Jobplanet chief product officer Kemas Antonius said young people were willing to work for tech start-ups…
  • Indonesia to finalize five trade deals next year in hunt for wider markets

    As Indonesia accelerates talks with 15 Asia-Pacific nations, it is prioritizing the conclusion of five trade deals next year to open access to foreign markets and lure inflows of investment. The biggest one is the intensively discussed Regional Comprehensive Economic…
  • Indonesia, Singapore cooperate in tourism, energy

    Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan said Indonesia and Singapore have agreed to cooperate in a number of sectors such as tourism and energy. The fields of cooperation include tourism, development of liquefied natural gas (LNG), development of…
  • Indonesia Still Lacks Land Surveyors, Minister Says

    Minister of Agrarian and Spatial Planning Sofyan Djalil said the National Land Agency still lacks land surveyors. As a result, he said, it can potentially slow down the process of certifying a total of 120 million of lands in 2025.…
  • Indonesia Seeks to Diversify Exports to India

    The Indonesian government will encourage the diversification of export products. This includes diversification of commodities shipment to India, which had been by dominated CPO (crude palm oil) and coal. Foreign Affairs Minister Retno LP Marsudi said in New Delhi, India…
  • Govt Plans to Replace Oil & Gas Cost Recovery Scheme in January

    The government plans to replace a cost recovery scheme in Indonesian oil and gas profit sharing contracts with gross profit sharing scheme by January in an attempt to simplify procedures for new investors in the country's declining sector. In Indonesia,…
  • Japan Keen on Investing in Tuna Processing Facilities in Indonesia

    Japan has expressed an interest in investing in Indonesia's fish processing industry to ensure quality export to Japan and also help develop Southeast Asia's biggest economy's ever-growing fishing industry. Indonesian fishermen have seen the number of their catch jump in…
  • Creative economic sector grows 62 percent in five years

    The gross domestic product (GDP) of the country's creative economy grew by 62.07 percent in five years from 2010 to 2015, Central Statistics Agency (BPS) said Thursday. BPS creative economy research and development director Wawan Rusiawan said the creative economy's contribution…
  • FAAS Trade

    We are delighted to inform you that BritCham will regularly posting FAAS Trade's content to our website, particularly in our News section. FAAS Trade & Investment Limited is primarily a food commodity and ingredients company. They offer high quality control…
  • Apple Inc. agrees to develop R&D in Indonesia

    Indonesia has reached a cooperation agreement with Apple Inc., the Minister of Telecommunication and Informatics, Rudiantara, said here on Friday. "We have signed a cooperation agreement with Apple. They have agreed to undertake R&D (research and development) here and will…
  • Indonesia`s Trade Balance Has US$15 Billion Surplus

    Indonesia`s trade balance can reach US$ 15 billion in 2016, triggered by the realization of the repatriated funds of Rp 143 trillion, according to an official at central bank Bank Indonesia on Saturday. Executive Director of the Monetary and Economic Policy…
  • New License Allows More Indonesian Timber Export to EU Countries

    Indonesia and the European Union have inaugurated the Forest Law Enforcement Governance and Trade Voluntary Partnership Agreement, or FLEGT-VPA, a new license which will make it easier for Indonesian companies to export wood products to EU countries. "This new FLEGT…
  • Indonesia investment board upbeat about 2017, tourism potential

    The Investment Coordinating Board (BKPM) says Indonesia remains attractive for foreign investors and is maintaining an optimistic investment outlook for next year, eyeing tourism as the key contributor to investment growth. BKPM chief Thomas Lembong said his office was confident…
  • RI allots Rp2t budget to lure investment in border areas

    The government has allocated more than Rp 2.4 trillion (US$177.4 million) for six regencies in the country’s border areas in the 2017 state budget, to boost its overlooked economy. The investment potential spans from agriculture, tourism and fisheries, among others,…
  • BKPM upbeat over $43b investment target

    The Investment Coordinating Board (BKPM) is upbeat that the country will reach the investment realization target of Rp 594 trillion (US$43.8 billion) this year, claiming that the country remains attractive to foreign investors despite the global economic slowdown. “We will…
  • Indonesia plans flow meters at oil, gas wells for accurate output data

    After years of criticism on the absence of accurate oil and gas production data in the field, the government has prepared a measure to force oil and gas contractors to install flow meters at their wells. Energy and Mineral Resources…
  • Logistics service providers gear up for e-commerce boom

    As Indonesia stands to see a boom in its e-commerce industry, logistics service providers are forced to prepare to cater to a growing number of customers. What is it like to be a courier in Indonesia, a country scattered over…
  • North Sulawesi Offers Sports Tourism

    The provincial government of North Sulawesi, home to 2.5 million people, expects to attract tourists through sports tourism. "North Sulawesi continues to develop its tourism sector and attracts many people, including local and foreign tourists," North Sulawesi Deputy Governor Steven…
  • Indonesian economy to grow by 5.1 percent in 2017: IMF

    The International Monetary Fund (IMF) has predicted that the Indonesian economy will grow at a rate of 5.1 percent in 2017, mostly fueled by high consumption and private investment. "The growth will follow a recovery in the commodity prices and…
  • Indonesia to Remove Land Tax for Geothermal Exploration in 2017: Fin Ministry

    Indonesia will remove a land tax for companies exploring for geothermal energy resources next year, according to a finance ministry regulation signed last week. The decree, which was uploaded to the ministry's website on Thursday (24/11), cited that any company…
  • Indonesia in Good Shape to Weather Shaky Global Finance: IMF

    The International Monetary Fund said the Indonesian economy will remain stable in the medium term, and expects the country to be able to weather easily increasing uncertainties in the global economy thanks to prudent fiscal and monetary policies and an…
  • LRT construction for 2018 Asian Games back on track

    City-owned developer PT Jakarta Propertindo (Jakpro) is set to start construction of the light rapid transit (LRT) system dedicated for the 2018 Asian Games, following the issuance of a government regulation that allows the company to directly appoint a partner…
  • New visa rules may require foreigners to join the queue

    The government has disallowed immigration agencies from utilizing their fast-track privileges in the processing of visa permits, a move that the immigration office claims is part of President Joko “Jokowi” Widodo’s agenda to crack down on illegal levies. As a…
  • Indonesia Set to Become World's 2nd Largest Geothermal Power Producer

    Indonesia is set to become the world's second largest geothermal power producer, overtaking the Philippines, with its capacity to generate geothermal electricity expected to increase by 385 megawatts next year. Despite siting on the world's largest geothermal energy reserves, Indonesia today…
  • ASEAN Must Become Global Investment Destination: Deputy Minister

    ASEAN must become one of the global investment destinations, due to its huge economic potentials coupled with demographic bonus, Indonesian Deputy Finance Minister Mardiasmo said. "ASEAN has a relatively adequate and stable track record in terms of economic growth despite…
  • Indonesia has role in tourism development in maritime silk route

    Indonesia has an important role and can take advantage of tourism development in the maritime silk route of the 21st century in China, according to China National Tourism Administration (CNTA) Information Center Director Cai Jiacheng. "Indonesia has its own uniqueness…
  • Gov`t Targets 5 Million Land Certificates in 2017

    Secretary General of Agrarian Minister and Spatial Planning/Head of National Land Agency (ATR/BPN) M. Noor Marzuki said that in 2017, the working target of the ministry will increase five times compared to that of this year. According to him, the…
  • Govt gives green light to private refineries

    Private companies may now grab their own piece of the oil refinery cake as a new regulation allows them to build refineries without cooperating with state-owned oil and gas company Pertamina. Indonesia is in dire need of more oil refineries…
  • Govt to team up with World Bank to attract foreign investors

    To overcome funding constraints, the government is looking to team up with the World Bank in an attempt to attract foreign investors to become engaged in its toll road projects. The government hopes that partnering with the World Bank to…
  • Wanted: Private sector to electrify remote villages

    The government is preparing a new regulation that it hopes will attract the private sector to light up remote villages that state-owned electricity company PLN has yet to touch. Energy and Mineral Resources Minister Ignasius Jonan said that the ministry…
  • BI’s new ‘fintech office’ to ensure both innovation, security

    Bank Indonesia (BI) on Monday officially launched a financial technology (fintech) office to monitor the services offered by the young and thriving industry so as to ensure innovation continues and consumers simultaneously enjoy security. BI governor Agus Martowardojo described the…
  • SE Asia - IPR SME Helpdesk

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  • CEO Quick Statistics, the common features of US and UK CEOs

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  • One Fuel Price Policy to be Implemented in January 2017

    Deputy Minister of Energy and Mineral Resources Arcandra Tahar said that one price fuel policy in a bid to equalize fuel price in Java and outside Java, especially in Papua, will be implemented in January 2017.   "It will be…
  • More than $274B Worth of Climate-Smart Investments Up for Grabs in Indonesia: IFC

    A new study by the World Bank’s International Finance Corporation, or IFC, revealed that the Paris Agreement climate change pact has opened up $23 trillion of opportunities in climate-smart investments in emerging markets from now to 2030. IFC has estimated…
  • Gov't Rolls Out 14th Policy Package With Focus on E-Commerce

    Indonesia released its 14th policy package that offers financing alternatives and tax incentives, mainly for companies working in digital and creative industries, as part of efforts to benefit from the growing popularity of e-commerce and promote entrepreneurship, a senior minister…
  • Prospects for Food & Beverage Trade Looking Good for EU-Indonesia

    With growth prospects for trade in the food and beverage sector between the European Union and Indonesia looking positive, more industry players are getting involved to explore opportunities in both regions. Indonesia's food and beverage producers were invited to a…
  • Bappenas Invites Investors to Build Infrastructure

    The National Development Planning Agency (Bappenas) invites investors to work on Indonesia's infrastructure projects. Bappenas chief/National Development Planning Minister Bambang Brodjonegoro said Indonesia has a strategic role to establishing regional connectivity.   "As the largest country in Southeast Asia, in…
  • Gov't Push SMEs to Export

    Lukit Dinarsyah Tuwo, Secretary of the Coordinating Ministry for Economic Affairs said that Indonesian small-medium enterprises (SMEs) must be able to increase their export performance in relation to the establishment of the ASEAN Economic Community (AEC). In order to achieve…
  • Certainty sought to lure investors for Indonesian infrastructure projects

    Indonesia needs to convince investors that its infrastructure projects could run in a structured manner in an effort to cover the US$146 billion financing gap by private funding, global banking giant HSBC said. HSBC Asia-Pacific Infrastructure and Real Estate Group…
  • Roadmap for fish businesses to be finished soon, ministry says

    The Industry Ministry said Monday that it was preparing a road map to accelerate the development of the fish-processing sector and was expected to finalize it within a month. The road map is a follow-up to Presidential Instruction No. 7/2016…
  • EU wants more access to Indonesian F&B market

    The EU demands Indonesia to ease trade barriers in the food and beverage (F&B) sector to give European producers more access to  Southeast Asia’s largest market, an official representing the world’s largest trading bloc has said. EU Commissioner of Agriculture and Rural…
  • Airport Train Project Completes in 2017: Jokowi

    President Joko 'Jokowi' Widodo is confident that the airport train construction project will be completed by mid-2017. The train project is part of the Soekarno-Hatta Airport's revitalization program. "Based on the current progress, the train from Kota to the airport…
  • Foreign Investors Eye Hospital Business in Indonesia

    Foreign investors have expressed interest in healthcare business investments in Indonesia. Singapore-based Global Growth Markets (GGM) consultant said that India-based hospital group Apollo Hospitals is currently considering to build a telemedicine center and a hospital in Indonesia. In addition, Malaysia-based…
  • Apple Will Build Its Second Biggest R&D Facilities in Indonesia Next Year: ICT Minister

    Apple, the California-based technology company, will build its second-biggest research and development facilities in Indonesia next year, Communication and Informatics Minister Rudiantara told reporters on Wednesday (02/11). "Apple's Asia Pacific is currently searching for the right location," Rudiantara said after…
  • World Bank Approves $400m Loan for Logistics Reform

    The World Bank has approved a $400 million loan to improve logistics and strengthen connectivity in the archipelago, according to a statement on Thursday (03/11). "Better logistics can reduce the cost of essential goods and services, particularly in more remote…
  • Music Streaming Service Popularity Increases Faster Than Profitability in Asia: McKinsey

    Music streaming services are still struggling to turn a profit in Asia on the back of rampant piracy and low advertisement, a recent report by consulting firm McKinsey found. The "Beat of Progress: the Rise of Music Streaming in Asia,"…
  • IT industry still ripe for growth on Indonesians’ love for gadgets

    The information technology (IT) industry will continue to grow at an average of 8 percent per year because electronic gadgets have become an important part of the daily life of millions of Indonesians. Demand for gadgets continues to rise, especially…
  • State firms told to triple investment to help stoke growth

    State-owned companies are expected to triple their investment value in the next two years to reach Rp 895 trillion (US$68.02 billion) in 2018 in support of President Joko “Jokowi” Widodo’s 6 percent economic growth target. State-Owned Enterprises (SOE) Minister Rini…
  • Red tape hampers geothermal energy development

    Despite Indonesia’s significant geothermal energy potential, industry players have been discouraged to invest in the sector due to excessive red tape in the country, an expert said on Sunday. Institute for Essential Services Reform executive director Fabby Tumiwa said regional…
  • World Bank appoints Kristalina Georgieva as chief executive

    Kristalina Georgieva, a former head of EU humanitarian affairs and vice-president of the European commission, has been appointed chief executive of the World Bank. The Bulgarian, who recently lost out in the race to become UN secretary general, will report to…
  • Brexit uncertainty dragging back revenues at WPP, warns Sir Martin Sorrell

    Sir Martin Sorrell has warned that slowing revenue growth at his advertising company WPP appears to be early signs of business nerves over Brexit. WPP, the world’s biggest ad company, said UK revenue at established businesses rose 2.1% in the…
  • Modernland finds new stepping stone with Jardine group

    Indonesia's promising property market has attracted multinational real estate firms to collaborate not only with domestic peers but also international partners. An alliance between the Astra group, Hongkong Land and Modernland Realty shows this well. Astra Land Indonesia and Mitra…
  • Jokowi instructs banks to cut administration fees

    President Joko "Jokowi" Widodo has instructed banks to cut their monthly administration fees in a bid to increase savings accounts, as the country’s ratio of savings to gross domestic product (GDP) is only 20 percent, far from the ideal level…
  • Ministry Offers Malang-Surabaya Train Project to Russia

    The Transportation Ministry has offered the Surabaya-Malang train track project to Russian Railways. "The Transportation Ministry has offered Russian Railways to explore the development of the railway line from Surabaya to Malang," the ministry's Director General of Railways Prasetyo Budi…
  • Gov`t to Build Solo-Yogyakarta Airport Rail Link

    The government is going to build rail track from Solo Balapan Station to Adi Sumarmo Airport in Solo, Central Java. The track is prepared to integrate Adi Sumarmo Airport and Adi Sutjipto Airport in Yogyakarta. The train will use electric…
  • Foreign Direct Investment to Indonesia Rises 7.8% in Q3

    Foreign direct investment (FDI) into Indonesia rose 7.8 percent in the third quarter from a year earlier, in rupiah terms, the country's investment board said on Thursday (27/10). There was Rp 99.7 trillion of investment during the July-September period, excluding…
  • Ministry Offers Malang-Surabaya Train Project to Russia

    The Transportation Ministry has offered the Surabaya-Malang train track project to Russian Railways. "The Transportation Ministry has offered Russian Railways to explore the development of the railway line from Surabaya to Malang," the ministry's Director General of Railways Prasetyo Budi…
  • Renewables and development

    Over the past month I have experienced an interesting immersion in what is going on in renewable energy developments in the UK, paraphrased early in meetings with two clever young Indonesians underaking PhDs at Glasgow University.  One is making a…
  • Avid internet users fuel Indonesia e-commerce

    According to data from the Indonesian Internet Service Providers Association (APJII) released on Monday, there are currently 132.7 million people in the country who have been exposed to the internet, representing half the population of Southeast Asia’s largest economy. Of…
  • Tourism Ministry to Attract 12 Million Young Foreign Tourists

    Tourism Ministry have targeted to attract 12 million foreign tourists and 260 domestic tourists in 2016. Ten destinations are chosen to meet the target. "Ministry of Tourism are currently running intense advertising," the ministry's assistant to the deputy of tourism marketing…
  • Govt to Issue Logistics Policy Package

    The Indonesian government has since September 2015 issued 13 economic policy packages which have improved the country`s investment climate through simplifying regulations which so far impeded investment. The economic policy packages have been able to improve not only the investment…
  • Scotland, Wales, N.Ireland to Have Talks with Brexit Minister

    Representatives of the Scottish, Welsh and Northern Irish governments will get a chance to tell Brexit minister David Davis how they hope Britain's future relationship with the EU will work, under the plans the government announced on Monday. At a meeting…
  • One-price fuel policy will be implemented next year: Minister

    Energy and Mineral Resources Minister Ignasius Jonan said that the governments one-price fuel policy will be effectively implemented in 2017. "The one-price fuel policy will be effectively implemented from next year. The government will make clear rules," Jonan said here…
  • Trans-Java toll road to be completed in 2018

    The government is set to complete the trans-Java toll road linking Jakarta and Surabaya in 2018 as an effort to smooth transportation on the island, National Development Planning Minister Bambang Brodjonegoro has said. To support the acceleration of infrastructure project…
  • Modern agriculture development boosts production of 11 commodities: Minister

    Agriculture Minister Amran Sulaiman has claimed the development of modern agriculture techniques and human resources, the two main priorities in Indonesia’s agriculture program, have managed to boost the country’s agriculture production during President Joko "Jokowi" Widodo’s first two years in office.…
  • Govt to ease land clearance for investors

    Faced with the obligation to meet its mid-term targets amid a cut in funding, the government has given guarantees that investors interested in financing infrastructure development projects would be given some leeway in conducting their businesses. Agrarian and Spatial Planning…
  • Malaysians encouraged to invest in Indonesian tourism

    Indonesia is looking to Malaysia for more investment in tourism. Local businesspeople have signed a memorandum of understanding (MoU) with their counterparts in the neighboring country to intensify communication and meetings to foster more investment in tourism and other sectors.…
  • Jokowi appoints Jonan and Arcandra to reform energy sector

    The comeback of former transportation minister Ignasius Jonan and former energy minister Arcandra Tahar into the ministry comes with a special mission, namely to reform the energy sector, President Joko "Jokowi" Widodo has said. After an inauguration ceremony at the…
  • BKPM Invites UK to Invest in Infrastructure

    The Investment Coordinating Board (BKPM) has invited British investors to participate in Indonesia's infrastructure project developments through a business forum themed "Infrastructure Investment Opportunity in Indonesia". As many as 130 British investors are expected to attend the business forum, held…
  • Doing business in Indonesia

    It’s a nation where CEOs prefer WhatsApp to emails, Union Jacks are permanently aflutter and there are around 20 million Twitter users. Could the tech-savvy Anglophile population of Indonesia offer Britain a welcome post-Brexit boost? As names for Silicon Valley ventures…
  • Fund Manager Aberdeen Eyes Top-10 Ranking in Indonesia Within 5 Years

    PT Aberdeen Asset Management, a local affiliate of a United Kingdom-based fund management firm, is eying a place in the top-10 league of the biggest fund managers in Indonesia in the next five years, as the company is ready to…
  • Pertamina, Marubeni, Sojitz to Win $2b Java-1 Powerplant Contract

    A consortium led by state energy company Pertamina has secured first place in the bidding for $2 billion contract for 1,600 megawatts power plant Java-1 in West Java, state utility company Perusahaan Listrik Negara said on Thursday (13/10). Pertamina, which was…
  • Rp2.42tn Worth of Contracts Signed in Trade Expo Indonesia

    A total of US$186.69 worth of trade contracts, or roughly Rp2.42 trillion, have been signed in the first two days of Trade Expo Indonesia (TEI) 2016. “Of that amount, US178.7 worth of trade contracts were signed in the first day…
  • Investors Eye Labuan Bajo Pier Development Project

    Local and foreign investors have set their sights to international pier development project in Labuan Bajo, Sumbawa, West Nusa Tenggara, said Rosana Perkasa Roeslani, the Indonesian Chamber of Commerce and Trade (Kadin) chairman, during a press conference of Trade Tourism…
  • Govt to reveal 14th economic package next week

    Coordinating Economic Minister Darmin Nasution has said the government is set to announce the 14th Indonesian economic policy package, which includes e-commerce development measures next week. The senior minister further said it was President Joko “Jokowi” Widodo himself who had…
  • Indonesia GDP Growth Seen at 5.1-5.2% in 2017: C. Bank Official

    Indonesia's central bank expects economic growth to pick up to around 5.1 percent to 5.2 percent next year, a senior official said on Thursday (06/10), from projected growth of around 5 percent in 2016. The forecast was made by Juda Agung, Bank…
  • Govt to relax export ban on mining sector

    The government is set to issue a government regulation (PP) on mining to expedite the resolution of several issues in the sector, given that the 2009 Mining Law draft revision is still being deliberated at the House of Representatives, a top…
  • Indonesia to be World`s Main Exporter of Roasted Coffee

    The Ministry of Trade is optimistic about Indonesia's ability to become the primary exporter for roasted coffee beans in Asia, as well as in the global market, considering the country's current position as the fourth largest coffee producer in the…
  • Indonesia May Allow Miners a Further 3-5 Years to Build Smelters: Minister

    Indonesia may give mining companies a further three to five years to complete smelter projects before banning mineral exports, the country's mining minister said on Tuesday (04/10), amid government discussions of revisions to rules on the sector. Miners that have…
  • 1,500 hotel rooms in Mandalika to be ready for tourists by 2018

    The state-owned firm tasked with developing tourism in the Mandalika special economic zone (KEK) in Lombok, West Nusa Tenggara, says it is currently focusing on supporting infrastructure, including access roads, water treatment facilities and solar power plants. “We have also…
  • PLN to start supplying electricity in Timor Leste border area by year-end

    State electricity company PLN is ready to supply electricity to areas on Indonesia-Timor Leste borders by the end of this year. PLN is constructing power facilities in three transboundary posts (PLBN), targeted to completed in the end of 2016, on…
  • Foreign investors get double gains from Indonesia market

    Indonesia has been one of the most lucrative investment destinations in the Asia-Pacific, given the positive performance of the stock market and its stable currency. This is evidenced by foreign flows into the stock market reaching Rp28.76 trillion (US$2.22 billion)…
  • Exclusive BritCham interview with former Minister of Trade and new Head of BKPM, Tom Lembong.

    Click here to listen the interview.   P.S. Upon viewing the page, you may see the “Unable to process this video” page. When this happened, please click the “Open with Music Player for Google” on the top page, this will…
  • Indonesia receives awards at S. Africa Tourism Fair

    Indonesia won two prestigious awards at the largest tourism market and exhibition, entitled "the Gateway Show", in Johannesburg South Africa, which ran from September 23-25, 2016. Deputy Assistant of European, Middle East, America and Africa Market Development at the Ministry…
  • Palapa Ring Project to Finish at the End of 2018: Minister

    Days of slow and unstable internet connection will come to an end in most parts of Indonesia with the government promising to complete its Palapa Ring project by 2019 in a ministry statement. Palapa Ring will provide fast broadband internet…
  • Ministry: Indonesia Can Dominate Global Roasted Bean Market

    Industry Ministry is optimistic that Indonesia could become a major roasted coffee bean exporter in the Asia and in the world. Therefore, the Ministry encourages coffee industry players to improve their quality so that they can become major exporters of…
  • Govt announces 10.54 percent cigarette excise hike for next year

    The government will increase cigarette excise and retail pricing for 2017, with an average 10.54 percent tax increment, which suggests an approximate retail price hike of 12.26 percent. Finance Minister Sri Mulyani Indrawati announced that machine-made cigarettes would be imposed…
  • New oil, gas incentives ‘one step forward, two steps back’

    Oil and gas players continue to butt heads with the government over the latter’s proposed incentives to boost exploration and production activities. The Indonesian Petroleum Assocation (IPA) has expressed its disappointment over the proposed incentives, which will be included in…
  • Fuel prices to remain unchanged this month

    The government has decided to keep the retail prices for Premium gasoline the same, subsidizing diesel and kerosene in October, a ministry official has said. Parlaungan Simatupang, the acting spokesperson for the Energy and Mineral Resources Ministry, said the government’s decision was…
  • Indonesia's health care industry is on the rise

    Data from WHO Global Health Expenditure Database has revealed that, in 2014 Indonesia’s spending on healthcare totaled only 2.8 percent of GDP. Compared to the global average of 9.9 percent, it goes without saying that our nation’s total expenditure for…
  • Government to digitize medicine supply chain

    The government has launched a program to digitize the medicine supply chain by implementing a universal barcode system and launching e-procurement in selected health community centers (puskesmas) and hospitals. The Agency for the Assessment and Application of Technology (BPPT) signed…
  • Gov`t Prepares New Regulation to Boost Tax Amnesty

    Finance Ministry’s Tax Directorate General announced its plan to issue another regulation on the tax amnesty program in relation to trust business activities. Second tax regulation director John Hutagaol said that many taxpayers wishing to participate in the tax amnesty…
  • Indonesian economic condition still good: Minister Sri Mulyani

    Finance Minister Sri Mulyani Indrawati on Thursday described the Indonesian economic condition as fairly good amid the global economic slowdown. The countrys economy is stable with growth predicted to reach 5 percent this year, when the global economy has shown…
  • Indonesia to build wind powered electricity generating plant in Sulawesi

    Indonesia has signed an agreement for the development of wind-powered electricity generating plant of 60 megawatt capacity in South Sulawesi. "Twenty-one wind turbines will be set up, each with a capacity to produce 3.5MW electricity. In total, 60MW of power…
  • Future of Solar Energy in Indonesia Shines Bright: GGGI

    As the Global Green Growth Institute’s Green Growth Program rolls into its second phase, the institute’s specialists emphasized that investing in solar power is still the most promising and practical green financing source in Indonesia. "It is not only promising,…
  • Indonesia Ends Oil Exploration Taxes in Bid to Revive Investment

     Indonesia said on Thursday (22/09) it will eliminate taxes on oil and gas exploration this week in an effort to bolster investment in the country's flagging oil and gas sector. Oil and gas director general Wiratmaja Puja said the government…
  • BKPM, National Police Sign Guideline Agreement to Protect Investors

    The Investment Coordinating Board, known as BKPM, signed a guideline agreement with the National Police to coordinate security for business investment activity in Indonesia, a senior official said on Monday (19/09). The police will protect selected investors from thuggery, extortion,…
  • Government to build 769 km new roads

    Minister of Public Works and Public Housing Hadimulyono Basuki said the government is targeting to complete the construction of 769 kilometers (km) of new roads, including the 158 km causeway along the south coast of Java. "Anyway, the pansela (the…
  • Govt records Rp 500 trillion assets in tax amnesty program

    The government has recorded the declared and repatriated assets as totaling Rp 500 trillion (US$37.9 billion) from the tax amnesty program, where it has pocketed Rp 19.4 trillion in penalty payments of the Rp 165 trillion target. Meanwhile, the repatriated…
  • Our new sea gateway

    The opening of the New Priok Container Terminal (NPCT) 1 in Kalibaru, North Jakarta on Tuesday with an annual capacity of 1.5 million twenty-foot-equivalent units (TEUs) will significantly improve goods flowing through Indonesia’s largest trading hub. This new terminal is…
  • Hoteliers Keep Faith in RI Tourism

    The hospitality sector has remained attractive to investors amid the global economic slowdown, as many branded accommodation providers are lining up to open nearly 22,000 new hotel rooms in the country over the next three years, a report suggests. The…
  • Jokowi sets more ambitious dwell time target at 2.2 days

    President Joko "Jokowi" Widodo has expressed outrage at long dwell times at the country's ports and reiterated his expectation of faster cargo handling to cut it down to 2.2 to 2.5 days from the current 3.2 to seven days. Dwell…
  • TNI strengthens ties with British military

    The Indonesian Military (TNI) has announced the strengthening of a partnership with the UK military following a bilateral meeting between the two countries at the 2016 Annual Chiefs of Defense Conference (CHOD) in the Philippines. TNI chief of staff Vice…
  • Investment Could Boost Indonesia's Economic Growth in 2017: Report

    A rebound in investment could help propel Indonesia's annual growth rate to 5.2 percent next year, a recent study by advisory firm Oxford Economics and the Institute of Chartered Accountants of England and Wales indicates. The report paints a more optimistic…
  • Govt, Lawmakers Set 2017 Economic Growth Target at 5.1%

    The Indonesian government and House of Representatives have settled on an economic growth target of 5.1 percent for 2017, anticipating weak government spending to continue next year. The target was lower than the 5.2 percent target set for 2016 and…
  • Indonesia must focus on core economy to thrive: Jokowi

    President Joko "Jokowi" Widodo has urged his Cabinet to focus on Indonesia's core economy and business, in order to secure a strong position amid global competition. "With that [defining the core business and economy] we can set out our position…
  • Oblige gas traders to build infrastructure to lower prices: Analysts

    The government must oblige traders to build infrastructure to help reduce gas prices for industry amid the rise in the price of the commodity to US$13.9 per million metric British thermal units (MMbtu), analysts have said. High gas prices have…
  • Oil regulation to be revised to ensure supplies

    The government is looking to increase investment attractiveness in the upstream oil and gas industry by revising a number of regulations deemed as hampering the growth of business deals in the sector. Oil and Gas Director General at the Energy…
  • Jokowi to inaugurate new cargo terminal in N. Jakarta

    President Joko "Jokowi" Widodo is scheduled to inaugurate the New Priok Container Terminal 1 ( NPCT1 ) in Priok, North Jakarta, on Tuesday morning. The terminal has undergone a trial operation since May. The new terminal, occupying 32 hectares, can accommodate 1.5…
  • Govt increases local content for imported gadgets

    The government has issued a new regulation on minimum local content for imported gadgets, obliging 70 percent of local content in imported cellular phones, which includes the materials, workforce, and production. In terms of development, the imported cellular phones must…
  • High hopes on tax amnesty

    Indonesia is truly a big country blessed by Almighty God with abundant natural resources and great potential human resources. There is no reason for such a big country not to be independent, always working hard to be free of dependence…
  • Indonesia Inflation Rate in August Below 3% for First Time Since 2009

    Indonesia's annual inflation rate in August slowed further from the previous month, to its lowest pace since December 2009, the statistics bureau said on Thursday (01/09). Consumer prices rose 2.79 percent from a year ago in August, the bureau said, compared to a 3.21…
  • Indonesia's Manufacturing Sector Sees Growth in August

    Indonesian manufacturers increased their output on the back of demands from new businesses in August, pulling the sector back into the growth territory following a slump in July, the Nikkei Indonesia Manufacturing purchasing managers' index survey revealed on Thursday (01/09). "The…
  • Indonesia's Foreign Tourist Arrivals Rise 20% in July

    Indonesia attracted 931,694 foreign tourists in July, up 20.13 percent from a year earlier, the statistics bureau said on Thursday (01/09). The pace of increase was much faster than in June, when there was only a 0.78 percent annual rise.…
  • Green Growth Program to Attract $100b of Green Investment to Indonesia by 2019

    After three years of the Green Growth Program's first phase, the Global Green Growth Institute and the Indonesian government are ready to move on to the second phase of the project: attracting green investors to Indonesia. The Green Growth Program (GGP) was…
  • Jokowi's infrastructure projects boost performance of construction companies

    State-controlled construction companies scored better fulfillment in the first half of 2016, compared to their achievements in the same period last year, as a result of the government's efforts to accelerate infrastructure projects. President Joko “Jokowi” Widodo earlier this year…
  • Kadin sees bigger potential in UK market after Brexit

    Two months after the United Kingdom decided to leave the European Union, Indonesian businesspeople have seen more opportunities to enter the UK market as the impact of Brexit on both countries’ bilateral trade has proved to be insignificant so far.…
  • Oxford Business Group

    As part of Oxford Business Group's (OBG) partnership with BritCham Indonesia, we are delighted to inform you that OBG will provide regular content to our website, particularly in our News section. Visit this page regularly to stay up to date!…
  • Madiun develops tourism villages to attract tourists

    Madiun district government in the Indonesian province of East Java is making efforts to develop a number of areas into tourism villages to attract local and foreign tourists, according to an official. "Of all 206 villages in Madiun district, 11…
  • Jokowi to take drastic measures to promote ease of business

    President Joko Widodo (Jokowi) said here on Friday he would take drastic measures against ministries hindering efforts to promote ease of doing business in the country. "It is not enough to carry out small corrections. Massive rectification is needed. If…
  • Local Tech Startups Face Critical Shortage of Software Engineers

    Leading local technology companies have called on the government to relax rules on skilled foreign workers and to create incentives for them to come to Indonesia to train local talent in order to address a critical weakness that may prevent the…
  • Government Rolls Out Red Carpet for Property Developers With Simpler Licensing

    Property developers cheered the government's latest economic policy package for allowing them to supply more houses to consumers at a faster pace, and at the same time to spend less on development. "Complicated licensing is one of the problems that…
  • Govt issues 13th policy package on housing for low-income people

    The government released its 13th economic policy package on Wednesday, set to provide affordable housing for low-income people with simplified procedures. Coordinating Economic Minister Darmin Nasution said only 78.7 percent of families in the country owned their own home, including 31…
  • Jokowi wants to accelerate certification of land

    President Joko "Jokowi" Widodo has urged the National Land Agency to accelerate the certification of land to prevent agrarian conflicts. Jokowi wants to see millions of land certificates issued every year. "I think if we work together with the provincial…
  • SE Asia's Internet economy to grow 6.5 times by 2025, survey projects

    A recent survey by Google and Temasek predicts the Internet economy in Southeast Asia will grow 6.5 times to US$197 billion by 2025 from its current evaluation of $31 billion. The survey defines the Internet economy as the total transactions in e-commerce, online…
  • Bank Indonesia sees creative industry, tourism as catalyst to economic growth

    Bank Indonesia Governor Agus Martowardojo said on Friday that the creative economy and tourism could support the country's future economic growth, as small and medium-sized enterprises (SMEs) in these sectors could potentially contribute 70 percent to gross domestic product (GDP). The central…
  • Indonesia Finance Minister Warns Tax Dodgers: Join Amnesty or Face 'Hell'

    Jakarta. Indonesian Finance Minister Sri Mulyani Indrawati warned tax dodgers that an eight-month tax amnesty program was their last opportunity to have all of their "sins deleted" or face "hell" afterwards. In her first interview with the foreign media since…
  • BI revises down Indonesia's growth estimates due to budget cuts

    Despite robust economic growth in the second quarter, Bank Indonesia (BI) has revised down its projection on the country's economic growth to 4.9 to 5.3 percent for this year, a slight decrease than the previous estimate of 5 to 5.4…
  • Brexit Armageddon was a terrifying vision – but it simply hasn’t happened (Larry Elliott)

    Unemployment would rocket. Tumbleweed would billow through deserted high streets. Share prices would crash. The government would struggle to find buyers for UK bonds. Financial markets would be in meltdown. Britain would be plunged instantly into another deep recession. Remember all…
  • ICT sector hoped to score double-digit growth in 2017

    The government is optimistic over information and communication technology, predicting the sector will grow by 10.6 percent in 2017, making it the only sector expected to grow by double digits next year. The National Development Planning Agency (Bappenas) set the bold…
  • Indonesia Finmin: Budget Credibility, Investor Confidence Top Goals

    Jakarta. Indonesia's new finance minister Sri Mulyani Indrawati said on Friday (19/08) her top priorities are to restore credibility in the state budget and to improve investors' confidence in the economy. "First [priority] is restoring the credibility of our budget,"…
  • Jokowi Reiterates Indonesia's Intent of Joining TPP

    Jakarta. Indonesia will join international trade agreements in the future and be actively involved in resolving territorial disputes peacefully as part of the government's efforts to improve the welfare of the country's people, President Joko "Jokowi" Widodo said during a state…
  • Trade Ministry Sets Up Online Licensing System to Boost Exports

    Trade Ministry is setting up an online licensing system for export-oriented industries to enhance the competitiveness of domestic commodities. “All licensing will be made online, particularly export,” said Trade Minister Enggartiasto Lukita, Thursday, August 18, 2016. “We will boost export, anything…
  • 2017 Growth Relies on Investments

    Indonesia's economy in 2017 will rely on investments as the main growth supporter. With a growth target of 5.3 percent, the government admitted that they do not have many alternatives for economic drivers given the sluggish spending, household and government…
  • Govt shows signs that it may allow dual citizenship

    The government has signaled that it may allow dual citizenship in the future, considering the growing role of the Indonesian diaspora, which could benefit the country, a top minister says. Coordinating Maritime Affairs Minister Luhut Pandjaitan said the country should pay more attention…
  • VP Kalla urges to prioritize geothermal energy

    Vice President M. Jusuf Kalla (JK) has urged to prioritize the development of geothermal energy as in future, renewable energy should account for 25 percent of the energy composition. "In the coming decade, our energy composition should constitute 25 percent…
  • Indonesian Consumer Confidence Index Hits Highest Since March 2015

    Bank Indonesia's consumer confidence index increased in July to the highest survey reading since March 2015, the central bank said on Monday (8/8). The index reached 114.2 in July, rising from 113.7 in June because of improving economic conditions, BI…
  • Govt to make Terminal 3 major tourist gateway

    The government intends to make the new Terminal 3 at Soekarno-Hatta International Airport in Tangerang, Banten, a major gateway for tourism, a top official said Tuesday. “We understand that the government is currently boosting efforts to welcome a higher number…
  • Govt Prepares Presidential Instruction for Spending Cuts

    The Indonesian government is preparing a presidential instruction to regulate simultaneous spending cuts across ministries for the remainder of the 2016 fiscal year, as it plans to regain credibility for its fiscal policy, Chief Economic Minister Darmin Nasution told reporters on…
  • Economics and Industry Committee to Submit Industrial Roadmap to President in October

    The National Economics and Industry Committee, or KEIN, advising the president on the economy will present an industrial roadmap to President Joko "Jokowi" Widodo in October, in an effort to spur growth in priority industries. “The focus of the roadmap…
  • Govt to create two more strategic holding companies

    State-Owned Enterprises (SOEs) Ministry is eyeing to create two more state-owned holding companies this year operating in two strategic sectors, namely food commodities and maritime. SOEs Ministry secretary Imam A. Putro said the establishment of the two companies would begin…
  • BKPM told to do more for investment in regions

    Newly appointed Investment Coordinating Board (BKPM) chairman Thomas Lembong is expected to push efforts to cut red tape and attract more investors to the many region in the archipelago, businesspeople say. The Indonesian Employers Association (Apindo) has urged the investment…
  • Tourism will ‘collapse’ if alcohol bill passed: PHRI

    A hotel association has warned the government and the legislative body that Indonesian tourism will “collapse” should the House of Representatives pass a bill prohibiting alcohol in the country. The bill, introduced by the United Development Party (PPP) and the…
  • INSIGHT: President Jokowi’s trade policy: Onward and upward

    Having just handed off at the Trade Ministry and taken over at the Investment Coordinating Board (BKPM), now is a unique moment for me to comment on Indonesia’s trade and investment, two issues that are actually closely interlinked. I believe…
  • Jayapura offers "Tour The Youtefa" package

    Jayapura City Department of Culture and Tourism (Disbudpar) offers travel package of "Tour The Youtefa" during the Humbold Bay Festival on August 3 to 7, 2016. "In the Tour the Youtefa package, the committee will provide the tourists with speed…
  • Indonesian Consumers Remain Optimistic in Q2, Set to Increase Spending

    Indonesian consumers are more confident in the second quarter of this year, among the world's most optimistic and intend to spend more, global research firm Nielsen found in a report released on Thursday (04/08). In Nielsen's Global Survey of Consumer Confidence and Spending Intentions, Indonesia's consumer…
  • Indonesia Q2 2016 Economic Growth Seen at 5.0-5.1%: Chief Econ Minister

    Indonesia's economy likely expanded between 5.0 percent to 5.1 percent in the second quarter from the same period a year ago, the coordinating minister for the economy said on Thursday (04/08). Darmin Nasution said stronger retail sales and the harvest…
  • Sri Mulyani Gets Straight to Work, Tips Spending Cuts for Ministries and Regions

    Finance Minister Sri Mulyani Indrawati plans to cut ministries and regional spending in the 2016 state budget in a bid to regain credibility on fiscal policy after taxation revenue fell far short of its target. Sri Mulyani estimated taxation revenue will fall short of around Rp…
  • BPJS Ketenagakerjaan to Boost Investment in Infrastructure Projects

    Indonesia's Social Security Administration Body for Employment, or BPJS Ketenagakerjaan, has announced plans to increase the allocation of assets in infrastructure projects of state-owned companies to back the government's ambitions to prop up the economy in the long run. The…
  • Indonesia One of the Strongest Emerging Markets: Templeton

    Last week, the Indonesian economy surprised observers and policymakers alike with its strongest growth in the last ten quarters. But for Michael Hasenstab, the chief investment officer at global fund manager Franklin Templeton Investments, that may be just a small…
  • Sri Mulyani shows promise with her sunset policy record: Economists

    Economists are optimistic that newly inaugurated Finance Minister Sri Mulyani Indrawati will be able to run the tax amnesty program optimally, as it takes a strong and transparent “manager” to make it successful. Yose Rizal Damuri, an economist with the…
  • 4.33 Million Foreign Tourists Visit Indonesian Until May: Report

    The Indonesian Tourism Ministry reported that since January until May 2016, the number of foreign tourists visiting Indonesia has reached 4,433,932 people. It is also said that the figure shows a slight increase. “There’s a 7.48 percent increase compared to…
  • Indonesia`s economy improves: Bank of Indonesia

    he central Bank of Indonesia has said that Indonesia's economy will continuously improve, along with the stability of the economy, the continuation of fiscal stimulus, and the implementation of structural reforms. "In the medium-term, Indonesias economic growth will be higher,…
  • New transportation minister to focus on connectivity, services

    Newly appointed Transportation Minister Budi Karya Sumadi has said that he will focus on improving connectivity and transportation services. Budi,who replaces Ignasius Jonan, previously served as state airport operator PT Angkasa Pura II (AP II) president director. "Basically there are…
  • New trade minister picks his first fight against volatile food prices

    The newly appointed Trade Minister Enggartiasto Lukita has highlighted that his first objective after taking office is to execute an order from President Joko “Jokowi” Widodo to immediately stabilize food prices. “The staple foods are our priority and the President…
  • New energy minister pledges to speed up energy sovereignty

    Newly appointed Energy and Mineral Resources Minister Arcandra Tahar has said he will focus on programs that speed up the country's attainment of energy sovereignty. He said energy sovereignty should be realized immediately to ensure that if an energy crisis occurred, Indonesia…
  • Investment Into Indonesia Rises at Slower Place in Q2

    Foreign direct investment (FDI) into Indonesia in the second quarter rose 7.9 percent in rupiah terms from a year earlier, much slower than the 17.1 percent expansion in January-March, the country’s investment board, known as BKPM, said on Friday (29/7).…
  • New Energy Minister to Solve Obstacles Facing 35,000 MW Program

    Newly appointed Energy and Mineral Resources Minister Archandra Tahar has pledged to ensure that the 35,000 megawatt (MW) power plant program set out by President Joko "Jokowi" Widodo will reach completion as planned. He said he would find solutions to…
  • Govt Must Speed Up Infrastructure Spending to Boost Growth: BI

    The Indonesian government needs to speed up infrastructure spending during the remainder of this year to boost economic growth following a lower-than-expected realization in the first half of 2016, a senior central bank official said. Juda Agung, the executive director…
  • ‘Green Lane’ is the Fast Lane for Investors: Investment Board

    Indonesian Investment Coordinating Board BKPM and the Customs Office gave a big thumbs up to the recently implemented "green lane" import acceleration facility, revealing that import clearance time has sped up by 94 percent since January. The board's head, Franky…
  • Brexit and its aftermath for Indonesia

    The UK’s referendum vote to leave the EU has unleashed a wave of unease in the corridors of power and in financial markets.  Although financial markets have bounced back, this does not mean that the damaging effects of uncertainty have…
  • Singapore Eyes West Java Food Processing Industry

    Mohammad Maliki Osman, Singaporean Senior Minister of State for Defence and Foreign Affairs, said that he was interested in developing the food processing industry in West Java. "In Singapore, we want to known how food is being processed from its…
  • Bandung Online Clothing Store Qualifies for World Cup Startup

    A startup online clothing store in Bandung just passed the Startup World Cup Indonesia 2016 selection phase. Initiated in January 2016 with three administrators, its business connects buyers and sellers with moslem clothing commodity to be exported. “Its exported to the…
  • Indonesia`s Economy to Grow 5.1% in Q2: Darmin

    The Coordinating Minister for Economic Affairs Darmin Nasution is optimistic that Indonesia’s economic growth in the second quarter of 2016 can reach 5.1 percent based on macro economic assumptions in the state budget (APBN), in which a 5.3 percent growth…
  • More Money, Fewer Problems for Indonesian Startups

    President Joko "Jokowi" Widodo wants Indonesia to be the "The Digital Energy of Asia", an ambition he shared with many when he visited Silicon Valley early this year. The Ministry of Communications and Information has now joined hands with KIBAR — a…
  • Indonesian investment board floats three service schemes

     The Indonesian Investment Coordinating Board is putting in place three schemes to improve the services it renders to the investors. The Head of the Investment Coordinating Board, Franky Sibarani, said here on Monday that the three schemes include an investment…
  • Indonesian govt sets investment target of Rp15 trillion in fisheries sector

    The Indonesian government has set a target of Rp15 trillion worth of investments in the fisheries and maritime sector this year. "We have a special investment plan for private investment. We hope the realized investment will reach Rp15 trillion," the…
  • BI predicts a one-time rise in Fed Rate this year due to Brexit

    Bank Indonesia (BI) forecasts that the US Federal Reserve (the Fed) will increase its Fed Fund Rate (FFR) only once in 2016, following the strengthening of the US dollar as an impact of the UK’s decision to leave the EU,…
  • BI to issue regulation, products to facilitate tax amnesty program

    Bank Indonesia (BI) has strengthened its efforts to deepen the financial market by increasing investment and hedging products as part of its support for the tax amnesty program. BI's executive director of communications Tirta Segara said BI fully supported the…
  • Private sector should participate more in infrastructure projects: Jokowi

    Indonesia will encourage the private sector to participate in infrastructure projects, President Joko "Jokowi" Widodo has said, stressing that the government will prepare several policies to create an attractive investment climate. During a limited meeting on investment at the Presidential…
  • Ministry goes online for intellectual rights' registration

    Consultants of intellectual property rights will be able to submit applications for patents, brand rights and design rights on behalf of their clients online in the next three months, a ministry official said. “The public will also be able to…
  • A British Expats Guide to Brexit

    See more here to view A British Expats Guide to Brexit by deVere Group
  • Britain eyes new trade deals for Brexit in early 2019

    The minister charged with securing new trade deals for Britain outside the EU said Sunday he was aiming for a Brexit date of January 1, 2019, as London made overtures towards Australia and Canada. "That's the date I'm working to,…
  • Finance ministry believes 2017 growth will be better

    The Indonesian economy will grow at a faster pace in 2017 than it did in 2016, the Ministry of Finance believes. "I believe the economic growth next year will be higher than that of this year," chief of the ministrys…
  • East Lampung to develop 11 tourism attractions

    The government of East Lampung District in Lampung Province, through the local Culture and Tourism Office, is making every effort to develop 11 tourism attractions in the district in its attempt to attract even more local and foreign tourists. "East…
  • Indonesian Agency to Prepare Investment Scheme Under Tax Amnesty Policy

    The Indonesia Capital Investment Coordinating Board (BKPM) said it has prepared an investment scheme to accommodate funds repatriated after the tax amnesty policy. Head of BKPM Franky Sibarani said here on Saturday the tax amnesty offered by the government is…
  • Indonesia Seeks Rp 90t Investment in Nine Beyond-Bali Tourism Destinations

    The Ministry of Tourism is seeking up to Rp 90 trillion ($6.8 billion) worth of investment in nine beyond-Bali tourism destinations as it plans to hold roadshows to attract potential investors, a ministry official said last week. The ministry has been actively…
  • Govt to Start Long-Postponed Umbulan Water Treatment Plant Project

    The government is set to start the long-postponed Umbulan water treatment plant project construction in East Java at the end of July, Chief Economic Minister Darmin Nasution said. "This is an important and prestigious project which has started in 1973," Darmin…
  • New digital standards for finance, transportation, energy being developed

    The government plans to make new standard rules for three priority sectors in an attempt to make the country’s cyber-activities more secure. The sectors are finance and banking, transportation and energy and mineral resources, Communications and Information Minister Rudiantara said.…
  • Brexit Mess Boosts Prospects of Asia Central Bank Easings

    Britain's vote to leave the European Union has ramped up the urgency for some Asian central banks to ease monetary policy, as a prolonged period of uncertainty threatens a wider downshift in trade and investment. Economists warn delayed investment decisions…
  • N. Sulawesi exports nutmeg to Italy

    North Sulawesi has exported dried nutmeg to Italy in June, according to Head of Foreign Trade from the provinces Department of Industry and Commerce T. Hasudungan Siregar. "We exported 21.2 tons of dried nutmeg, which generated US$48,802," Hasudungan noted in…
  • Which Investment Instruments to Choose Under Tax Amnesty?

    Indonesia's financial sector is putting together suitable investment instruments in anticipation of up to Rp 1,000 trillion ($76 billion) in repatriated assets during the nine-month tax amnesty program which should begin soon after Idul Fitri, according to senior officials. The…
  • Indonesia a promising country for investment: Study

    Indonesia is considered one of the promising emerging countries to invest in during the next 10 years by Business Monitor International (BMI) Research, which belongs to rating agency Fitch. BMI Research has put Indonesia on its to-watch list as the…
  • Non-commodity sectors to drive RI growth: Study

    Indonesia’s oil and gas and heyday may have come to an end, with non-commodity sectors taking over as the engine of growth over the next ten years, according to a recent study by Fitch Group’s BMI Research. “Growth in Indonesia will be far less…
  • Govt urged to issue regulations to support stimulus packages

    The government should immediately issue all necessary regulations to allow its 12 economic stimulus packages to be fully implemented, Indonesian Chamber of Commerce and Industry (Kadin) chairman Rosan P. Roeslani says. “The incentive for electricity usage late at night, for…
  • New Facility Will Help Indonesian Cities Boost Infrastructure Investment and Sustainable Economic Growth: World Bank

    The World Bank and the Government of Switzerland established today a USD 13.4 million fund to help Indonesia harness the growth of its cities, whose rate of growth is currently the highest in Asia. Investments in cities’ infrastructure have not…
  • Indonesia plans emergency law to let foreigners buy apartments

    Property sector needs reform to attract investments, says minister. Indonesia plans to issue an emergency law - known as a perppu - to break an impasse of more than a decade in efforts to streamline unfriendly laws as the country…
  • Stable building materials prices ease infrastructure: BPS

    The Central Statistics Agency (BPS) has reported that the construction materials price index has showed stability this year with a year-to-date inflation of 0.53 percent, smaller than the 2015 inflation of 0.78 percent, due to a stable cement price. According…
  • Indonesian Real Estate Market Remains Semi-Transparent: Jones Lang LaSalle

    Indonesia needs to provide a centralized and updated database on land and asset sales if it wants to develop a more robust residential market, the latest report by property consultancy Jones Lang LaSalle revealed. "While the region as a whole…
  • Jokowi kicks off tax amnesty program

    President Joko "Jokowi" Widodo has officially inaugurated the Tax Amnesty Law on Friday, marking the beginning of the most-anticipated program to repatriate funds from overseas into the real sector and financial market. In his opening remarks, Jokowi called the amnesty…
  • BritCham Official Brexit Statement

    On Thursday 23rd June the UK held a referendum and the result of which was the British public voted to leave the EU. We are now waiting to fully understand the post-BREXIT implications for business and trade. As a pro-business…
  • BI: Indonesia`s Economy Strong Against Brexit Impacts

    Central Bank Bank Indonesia (BI) said Indonesia's economy has a good resistance believed to be able to protect the Indonesia’s economy against the impact of the results of the referendum in the UK, that is the decision of the UK…
  • Energy Ministry to Issue Regulation on Mini Refineries This Week

    Energy and Mineral Resources Ministry will soon issue a ministerial regulation on the construction of mini refineries. The regulation will stipulate the price formulation, security of supply and incentives. Energy and Mineral Resources Minister Sudirman Said stated that the draft…
  • Gov`t Encourages Textile Product Diversification

    Industry Ministry is encouraging Indonesian textile industries order to develop or diversify products for fashion needs. It said that the step is considered important in line with the development fashion industries and design creations by designers. "Diversification is a strategic…
  • BKPM: Brexit Does Not Affect UK Investment in Indonesia

    Head of the Investment Coordinating Board (BKPM) Franky Sibarani said that the results of the Brexit referendum stating that the UK is out of the European Union (Brexit) will not adversely affect the country's investment to Indonesia. According to him,…
  • Indonesia to Develop Natuna Islands into Tourism Destination

    The Indonesian government plans to develop the Natuna Islands district in the Riau Islands province and its surrounding areas into a new tourism destination. "In line with the directives of the President, Natuna will be transformed into a new tourism…
  • Indonesia Chooses Gas Over Coal in Latest 10-Year Electricity Plan

    Indonesia has cut domestic coal consumption targets in its latest 10-year electricity development plans, to bring the power sector in line with the country's carbon emissions goals laid out at the COP21 meeting in Paris last year. While expected, the…
  • Rise in Infrastructure Spending Accelerates Growth in Indonesia's Foreign Debt

    The government's long-term plan to prop up the economy with multi-year infrastructure projects, has resulted in the country's foreign debt growing faster in April, a statement from Bank Indonesia revealed on Friday (17/06). "Bank Indonesia views the development of external debt…
  • Govt, House Agree to Lower Target on Oil, Gas Production

    The government and the House of Representatives budget committee have agreed on Wednesday (15/06) to lower the oil and gas production target in the 2016 revised state budget, a senior official said. The oil production target is reduced to 820,000…
  • Govt Repeals over 3,000 Bylaws to Boost Investment

    The government has repealed 3,143 bylaws, that are considered as obtacles for investment, to boost economic growth that experienced a dent from 5.3 percent to 5.1 percent this year. “I reiterate that the act of repealing [is carried out] for…
  • Soekarno-Hatta’s 3rd runway to be constructed in 2017

    The overcrowded Soekarno-Hatta International Airport continues to expand its infrastructure to reduce congestion. State-owned airport operator PT Angkasa Pura II is working on a third runway starting next year. Angkasa Pura II president director Budi Karya Sumadi said it would…
  • Tourism Ministry aims to woo 13.5 million foreign visitors next year

    The Tourism Ministry is aiming to achieve a target of 13.5 million foreign tourist arrivals next year with the development and promotion of 10 priority tourist destinations. Tourism Minister Arief Yahya said the government would next year focus on boosting the…
  • Industry Ministry Seeks to Double Its Budget in 2017

    The Ministry of Industry has requested that the House of Representatives doubles its budget for next year in a bid to fund manpower development programs as part of its plan to prepare the country's industrial sector for the Asean Economic Community, a…
  • Government to establish four task forces for overseeing economic package

    The government will set up four task forces to oversee and accelerate the realization of all economic policy packages, according to a minister. "So, the government will establish a task force to monitor and accelerate the realization of all economic…
  • Govt plans to build five floating storages for LNG

    The Indonesian government has set itself the target of building five more floating storage and re-gasification units (FSRU) for liquefied natural gas (LNG) in 2017. Data from the Energy and Mineral Resources Ministry made available on Wednesday showed that two…
  • Jokowi Inaugurates 7 Power Plant Projects

    President Joko Widodo (Jokowi) on Friday inaugurated seven new power plant projects that have been completed in Banten and Jakarta. Those seventh projects are Substation of Extra High Voltage (GITET) in Balaraja, substation and re-conducting of the Air Line High…
  • Govt Cuts Spending but Keeps Focus on Infrastructure Development

    Indonesia will cut government spending by more than 2 percent in the upcoming 2016 state budget revision as a result of lower than expected revenue, Finance Minister Bambang Brodjonegoro said at the House of Representatives in Jakarta on Thursday (02/05).…
  • Indonesian Power Plan Delays Fan Industry Frustrations

    Six months after winning power, President Joko Widodo pledged to boost Indonesia's electricity capacity by two-thirds by 2019 as Southeast Asia's biggest economy battled persistent power shortages and blackouts. Just over a year later, the ambitious proposal is being dogged…
  • Govt sets realistic tax target in revised 2016 state budget

    The government has set a more realistic tax revenue target of Rp 1.34 quadrillion (US$101 billion) in the revised draft of the 2016 state budget, a top official has said. It is 13 percent lower than the initial target of…
  • Java railway projects postponed amid budget cuts

    People in crowded Java may not be able to enjoy railway improvements just yet, as the government has postponed pipeline projects in the center of the country’s economic activities due to a state budget cut. Instead, President Joko “Jokowi” Widodo…
  • Economic policy packages ineffective so far, says economist

    The 12 economic policy packages launched by the government recently are yet to effectively increase business competitiveness, investments and job creation, an economist has said. As usual, the devil is in the implementation. Institute for Development of Economics and Finance…
  • Govt expects tax amnesty to be applied in July

    Missing the initial deadline of May 31, the government has revised the deliberation deadline for the tax amnesty bill, currently being discussed at the House of Representatives, to mid-June and to be implemented in July. "Hopefully the discussion with the…
  • VP Jusuf Kalla Proposes ASEAN Minimum Wage

    Indonesian Vice President Jusuf Kalla has proposed the implementation of an ASEAN minimum wage for workers in the ASEAN member countries to ensure equality in the region. "It is very important to prevent unhealthy competition in ASEAN," he said on…
  • OJK Launches Online Permit Application Service

    The Financial Services Authority, known as OJK, launched an online service on Tuesday (31/05) that will allow some players in the capital market to apply for a permit, register a new product, renew a license and report transactions with ease…
  • Indonesia to have waste-powered electricity plants by 2018: Minister

    Coordinating Maritime Affairs Minister Rizal Ramli hopes to establish waste-powered electricity plants in eight big cities within two years. The problem with waste-powered plants is the price, as the average price of electricity in Java is only 6 US cents…
  • Gov`t Urged to Reconsider Palm Oil Moratorium Plan

    Depok - Secretary General of Indonesian Palm Oil Association (GAPKI) Togar Sitanggang admitted that he was not aware of the government policy who will issue a moratorium on palm oil concessions. “I have to admit that I’m not aware of the…
  • Asean Committed to Greater Economic Integration

    Integration, inclusivity and reform are the key themes of the 25th meeting of the World Economic Forum on the Association of Southeast Asian Nations in Kuala Lumpur. More than 500 participants, including 40 government ministers, three heads of state and…
  • Gov`t Promises More Flexible Oil, Gas Contracts

    Energy and Mineral Resources Minister Sudirman Said has promised that cooperation proposals in oil and gas sector will not only factor the production sharing contract (PSC) regime. It is aimed at maintaining business feasibility of oil and gas exploration cooperation…
  • Indonesia to finalize regulation on e-commerce

    The Investment Coordinating Board ( BKPM ) is finalizing a regulation that sets guidelines for e-commerce business players, after the government opened the sector to foreign investors. The BKPM will allow 100 percent foreign ownership of electronic commerce businesses with…
  • President orders cancellation of bylaws impeding ease of doing business

    President Joko Widodo (Jokowi) has ordered scrapping of all bylaws impeding the ease of doing business and investing in Indonesia before July 2016. "I have ordered the home affairs minister to scrap some three thousand bylaws by July at the…
  • Indonesia`s Economy Remains Stable: Minister

    The Indonesia's economy remains stable following the Fitch Ratings' decision to assign the investment grade status to the country, Coordinating Minister for Economic Affairs Darmin Nasution said in Jakarta. "This means that under the worsening global economic condition, we are…
  • Ministry focuses on budget for developing border areas in light of AEC

    Facing the challenges brought by the ASEAN Economic Community ( AEC ), which was put into place late last year, the Village, Disadvantaged Regions and Transmigration Ministry is focusing on deliberating over a specific budget to develop border areas and…
  • Govt to issue all rules in 12 policy packages this month

    The government is hoping to settle all regulations contained in its 12 economic policy packages by the end of this month, in a bid to speed up the stimulus on the economy. As of Tuesday, the government had completed 194…
  • Supporting regulation issued on negative investment list

    The government has finally signed a regulation on the Negative Investment List ( DNI ), three months after the measure was announced in February. The issuance of the regulation would provide certainty for investment in Indonesia, Investment Coordinating Board (…
  • Government takes harder stance on liquor

    Home Minister Tjahjo Kumolo has strengthened his stance against the consumption of liquor by stating it is important for all regions to have bylaws banning the distribution of alcoholic drinks across their territories. Tjahjo’s intention to impose a total ban…
  • App-Based Transport Services Need More Than Updated Regulations: ITF

    Application-based transportation services need special regulations that leave room for technological developments in the sector in order to provide a better customer experience without breaking the law, an International Transport Forum economist said. Indonesia, like many other countries, has seen…
  • Indonesia Still a Bright Spot Among Asian Markets: Nielsen Survey

    Indonesian consumers remain among the most optimistic in the world in this year's first quarter, Nielsen Global Survey Index said in a report on Thursday (19/05). Indonesia’s consumer confidence index rose slightly to 117, compared to 115 in the previous…
  • Construction of Makassar`s newport 27% completed

    Construction of the first phase of Makassars New Port (MNP) has been 27 percent completed, an official of the state owned port operator Pelindo IV said. "Completion has exceeded prediction of 25 percent after the project was commissioned by President…
  • Indonesia economy predicted to grow 5.3-5.9 percent in 2017

    Finance Minister Bambang Brodjonegoro predicted the countrys economy would grow 5.3--5.7 percent in 2017 to follow the revival of the global economy. "The countrys economy is expected to grow with improvement in the global economic condition, realization of infrastructure projects…
  • Why Indonesia Matters to the World: British Ambassador Moazzam Malik's Economic Perspectives

    It has been one and a half year since Moazzam Malik started serving his country as the British Ambassador to Indonesia, ASEAN and Timor-Leste. During a visit last week to the BeritaSatu Media Holdings' main office in Jakarta, the Ambassador…
  • Indonesia seeks 10% increase in timber products exports to EU

    The government hopes to increase timber products exports to the European Union by 10 percent to US$1.1 billion this year, with the full implementation of timber legality verification system ( SVLK ).  By using the system, exporting timber products to…
  • Jokowi seeks better governance in regional transfer

    President Joko “Jokowi” Widodo is demanding that regional administrations improve their budget planning and execution due to the low spending of special allocation funds ( DAK ) last year.     Speaking in a limited meeting on the DAK, Jokowi…
  • British Ambassador Sees Indonesia’s Improvements at the Hands of Jokowi

    British Ambassador to Indonesia, Moazzam Malik has said that during President Joko Widodo’s administration, Indonesia has been improving into a better state. “Business permits have been simplified, corruption is low and the signs of infrastructure improvements are vivid,” Moazzam said…
  • Indonesia to Review Ambitious Power Plant Program

    Indonesian President Joko Widodo has called for a review of a program to develop 35 gigawatts of power-generating capacity by 2019 as the ambitious electrification scheme succumbed to doubts from within the government and private sector. Under the program, the…
  • Indonesia's Financial System is "Well and Under Control": KSSK

    Stability in Indonesia's financial system continued in the first quarter of this year, placing the country on solid footing to overcome potential capital outflow in the remainder of the year, the Financial System Stability Committee, 0r KSSK, said on Friday (13/05).…
  • Indonesian Govt. Approved $1.5b of Oil and Gas Projects from Jan-Apr

    Indonesia's upstream oil and gas regulator, SKK Migas, approved development plans for 18 oil and gas projects from January to April, with a total investment of $1.496 billion, it said in a statement on Sunday (08/05). SKK Migas estimated the…
  • Government Earmarks Rp 5 Trillion for Eastern Indonesia Electricity Project

    The Indonesian government has set aside Rp 5 trillion ($375 million) for Indonesia Terang (Bright Indonesia), a project aimed at improving access to electricity in the eastern islands of Indonesia. The project will provide electricity for 10,300 villages in six…
  • HomeAffairs Ministry Revokes 1,300 Regulations to Push Investment

    Home Affairs Minister Tjahjo Kumolo has rescinded more than one thousand regional regulations that the central government has considered as a hindrance to the nation's plan to speed up development and attract investment to Indonesia - and the number of…
  • Govt finalizes gas price regulation for industry

    The government will issue a specific regulation on the latest gas pricing formula for industrial customers, to help local industries win amid competition from imported goods. According to Energy and Mineral Resources Minister Sudirman Said, the government has finalized a…
  • BKPM eyes 11 new industrial zones with incentives

    Indonesia Investment Coordinating Board ( BKPM ) hopes to see 11 more industrial zones be available as a "direct construction incentive" to investors who build their facility in these specified zones. Since 2015, the government called on all industry players…
  • Indonesian market, finance second best performing in ASEAN: OJK

    The Indonesian financial and market sectors are the second-best performing in Southeast Asia, providing enough ground to support the economic growth target this year, the Financial Services Authority ( OJK ) has claimed. The fundamentals in the first quarter are…
  • Indonesia Makes Up Asia Pacific's Third Largest Smartphone Market

    The number of smartphone users in Indonesia is expected to grow between 30 percent to 50 percent annually over the next three years, placing it as third largest market in the region thanks to the proliferation of cheap 4G enabled smartphones, Indonesia Cell…
  • Tax Amnesty: What is It and Why Does It Matter?

    President Joko Widodo's administration has been trying for almost six months now to get lawmakers to pass a tax amnesty bill into law. The bill has already overcome a bout of political hand-wringing early this year that almost cost the country…
  • Indonesia: Improving the Accountability of Infrastructure Spending by Local Governments

    Synopsis The Local Government and Decentralization Project, or LGDP, aims to strengthen the delivery of the grant transfers to local governments, called the Specific Purpose Grants, or DAK, so that these transfers are more efficient and used more effectively. From…
  • OJK and Tourism Ministry to expand financial sector investment in tourism

    The Financial Service Authority ( OJK ) will encourage the financial sector to expand funding in the tourist sector, especially to support the development of 10 new tourist destinations in Indonesia. The OJK and the Tourism Ministry have signed a…
  • Govt to create forum to boost economy in regions

    The government is set to establish a regional forum for financial and economic coordination, in order to provide optimal support for the planning and implementation of economic and financial development in the regions. Three government institutions, Bank Indonesia ( BI…
  • UK Investors Eye Investment in East Java

    UK investors have expressed their interest in working with business owners and the provincial administration in East Java, East Java branch of Investment Coordinating Board (BKPM) head Lili Soleh Wartadipradja said. “I can’t say the amount [of the investment] yet.…
  • New package to improve ease of doing business

    The government is working on its latest economic policy package. The package will focus on improving the ease of doing business as part of efforts to deregulate Indonesia’s economy, an official at the Office of the Coordinating Economic Minister has…
  • Indonesia one of the world's top 10 manufacturers

    Indonesia has been listed as one of the world’s top 10 manufacturers by the United Nations Industrial Development Organization ( UNIDO ). According to UNIDO’s 2016 International Yearbook of Industrial Statistics, Indonesia’s manufacturing industry accounts for almost a quarter of…
  • Govt. to Offer More Tax Incentives to Startups

    Indonesia plans to provide more tax incentives for startups and small businesses in a bid to encourage entrepreneurship in the country, create new jobs and increase purchasing power, a senior official said. "Tax allowances for startups are offered in many countries. Startups…
  • Energy holding company to speed up gas infrastructure development: Indonesian official

    A holding company in the energy sector would help speed up massive development of gas infrastructure, an official said. "We very much support plan to put PT Perusahaan Gas Negara (PGN) in a holding company under Pertamina as the parent…
  • Economic policy packages make Indonesia favorite investment destination

    A series of economic policy packages issued by the government have made Indonesia a favorite place for investment, Trade Minister Thomas Lembong has said. "The policy packages have made Indonesia more interesting to foreign investors," Thomas said in a statement…
  • President's London Visit Secures $19b in Business Deals

    President Joko Widodo's two day visit to London has reaped 12 business deals worth $19 billion, reflecting a rising confidence among British investors in Indonesia's economic prospects. Three British investors will expand existing businesses in Indonesia, five investment commitments came…
  • United Kingdom to help Indonesia improve ease of doing business

    The UK government is ready to help Indonesia improve its ease of doing business ranking in order to win the global competition. "England has experience in reducing regulations that hamper business," Ambassador of the United Kingdom to Indonesia Moazzam Malik…
  • Jokowi to Meet UK Prime Minister to Discuss Economic Ties

    President Joko "Jokowi" Widodo will visit London during his working visit to Europe on April 18-20, 2016 to improve collaboration in investment, introduction of culture, education, sports and creative industry. A number of entrepreneurs will also come along with the…
  • Javanese Businessmen Visit UK, Explore European Market

    An entourage of East Java businessmen have departed to London, England, to fulfill invitations from London Chamber of Commerce (LCC), UK-ASEAN Business Council (UKABC), and BritCham Indonesia in a trade mission forum titled “BritCham Indonesia: April Trade Mission to The…
  • Indonesia optimistic of attracting more foreign direct investment from Europe

    President Joko Widodos (Jokowis) planned European trip is expected to boost foreign direct investment from Europe in Indonesia, according to the Investment Coordinating Board (BKPM). Europes investment potential was quite huge, but Indonesia had yet to optimally benefit from it,…
  • European tourist arrivals in Bali increase

    A total of 135,215 European tourists visited Bali in the first two months of this year, accounting for 18.61 percent of the overall tourist arrivals in the resort island over the period. Although the European economy has not fully recovered,…
  • Indonesia, EU to discuss trade pact during Jokowi visit

    Indonesian officials will discuss the initial phase of the comprehensive economic partnership agreement with the EU (CEPA) with its European partners during President Joko "Jokowi" Widodo’s visit next week, Trade Minister Thomas Lembong has said. The government has 14 issues…
  • Renewable energy investments total US$230 million in Q1

    The Energy and Mineral Resources Ministry reports that US$320 million was invested in the new renewable energy sector in the first quarter from January up to March, an official has said, which represents 23 percent of this year's total target…
  • Indonesia's Q1 Growth to Hit 5.2% Year-on-Year: Minister

    Chief Economics Minister Darmin Nasution estimates that Indonesia's gross domestic product grew by up to 5.2 percent in the January-March period, compared with 5.04 percent in the previous quarter, on the back of increased government spending, which helps to spur…
  • BI to Announce New Monetary Policy Instrument on Friday

    Bank Indonesia (BI) said that it would announce a new monetary policy instrument on Friday, March 15, 2016.   “There are several monetary technicalities that we need to explain by using data and frameworks. We will announce them on Friday,”…
  • Finance Ministry's Plan to Lower Corporate Tax Welcomed

    The Investment Coordinating Board, or BKPM, has welcomed a government plan to cut corporate tax, saying it would help Indonesia become more competitive in attracting investment compared to its peers in the Southeast Asian region. The Ministry of Finance announced on…
  • Indonesia, UK to boost cooperation in creative economy

    Indonesia plans to reaffirm its partnership with the United Kingdom to boost the creative economy industry, including music, film, fashion, art and digital development. “We want to merge culture and the economy in the country. So it could be monetized…
  • Indonesia opens 35 sectors to foreigners, closes 20 others

     Coordinating Economic Minister Darmin Nasution (right) talks to Cabinet Secretary Pramono Anung (left) before a press conference on the 10th economic policy package at the State Palace in Jakarta, on Feb. 11. The latest package includes the revised negative investment…
  • Jakarta, Surabaya Made as Pilot Cities in Ease of Doing Business

    Cabinet Secretary Pramono Anung said that Jakarta and Surabaya would become pilot cities in terms of ease of doing business and the World Bank would conduct the survey in Indonesia this month.   “If Jakarta and Surabaya work well, the…
  • Indonesia's Coffee Exports Projected to Reach $1.4b in 2016

    Indonesia's coffee exports are expected to rise by up to 15 percent this year compared with last year due to a recovering harvest and the government's efforts to promote the local product abroad. The total value of the country's coffee…
  • Govt to boost export of automotive components to Eurasia

    The Indonesian Ministry of Trade is working to boost the export of products such as automotives, components and accessories to markets in Europe and Asia (Eurasia) in a bid to strengthen non-oil exports. "Through the largest exhibition of products of…
  • Jokowi inaugurates five ports in Maluku

    President Joko "Jokowi" Widodo will inaugurate five ports in Maluku on Wednesday in a ceremony at Tobelo Port in North Halmahera regency. The five ports are Tobelo Port, Galela Port, Tutu Kembong Port, Wonreli Port and Teor Island Port. Together…
  • Investment Board Warns Foreign Companies Over Tax Avoidance

    Indonesia’s Investment Coordinating Board (BKPM) is warning it will annul the investment permits of foreign companies that are proven to be avoiding payment of taxes. "We are ready to revoke the principal licenses, but to prove a transfer pricing, as…
  • BKPM Facilitates the Continuity of 16 Investment Projects

    The Investment Coordinating Board (BKPM) has facilitated the operation of 16 investment projects outside Java worth Rp173.6 trillion. The projects can now continue with their halted development.   BKPM chief BKPM Franky Sibarani said in a press released on Wednesday that Rp120.9…
  • Jokowi Sets to Start Indonesia-EU Negotiations

    Trade Minister Thomas Trikasih Lembong expressed optimism that Indonesia-European Union trade negotiations would be kicked off soon. Lembong believes that the implementation of the economic cooperation would realize government’s nine-priority agenda in a bid to increase people’s productivity and competitiveness…
  • Six Seaports in Maluku, N. Maluku, W. Papua Ready for Operation

    At least six seaports in Maluku province, North Maluku province and West Papua province are ready to be operated and will be inaugurated by President Joko ‘Jokowi’ Widodo on 5 and 6 April 2016 in West Papua and Maluku. Head…
  • Indonesian Govt Sets Rice Export Target for 10 Countries

    The Indonesian government has set itself the target of exporting 100 thousand tons of rice to 10 Asian and European countries as part of efforts to increase farm commodity exports this year, an official said. The Director General of Agricultural…
  • Manufacturing Expands in March, First Time in 18 Months

    Indonesia's manufacturing industry showed signs of improvement in March, the first time it has done so since Sep. 2014. There were signs of expansion as production returned to growth territory, the Nikkei Indonesia Manufacturing purchasing managers' index survey revealed on…
  • Indonesia's Foreign Tourist Arrivals Rise 3.31% YoY in Feb

    The number of foreign tourists visiting Indonesia rose 3.31 percent in February from a year earlier, after increasing 2.2 percent in January, the statistics bureau said on Friday (01/04). A total of 768,118 tourists entered Indonesia in February, up from…
  • Investor Confidence Improves in Indonesia: Fitch

    The Indonesian government's policy reforms and focus on infrastructure development have started to contribute to the country's economic growth, returning confidence to investors and businesses in recent months, global debt rating assessor Fitch Ratings said in a statement published on Friday (01/04). According…
  • Fuel price cut to ease inflation in April: BI

    Bank Indonesia (BI) says lower fuel prices will have a significant impact on the consumer price index (CPI) in April if it is followed by a reduction in transportation fares. Logically, a cut in fuel prices eases pressure on inflation,…
  • Britain announces moves to bolster faltering steel industry

    The British government says public sector construction projects will be encouraged to use U.K.-made steel, a move designed to shore up an industry in crisis. The government said Sunday that the new rules will "create a level playing field" and…
  • Govt calls on foreign OTT content providers to obey law

    The Communications and Information Ministry has issued a letter warning foreign over-the-top (OTT) content providers--such as messaging services, social media, games, video streaming sites and data cloud services--that they need to form legal business entities in Indonesia. The ministry also…
  • Goverment unveils 11th installment of economic policy package

    The Indonesian government has announced the 11th tranche of its economic policy package on Tuesday aimed at boosting the pharmaceutical and medical instrument industries.  Coordinating Minister for Economic Affairs Darmin Nasution and Cabinet Secretary Pramono Anung announced the policy package…
  • Indonesia to focus on improving regulations, infrastructure: President Jokowi

    The Indonesian government will continue to focus on improving regulations and infrastructure to attract investment into the country. "The government will continue to focus on improving regulations and infrastructure," President Joko Widodo (Jokowi) stated here on Wednesday. The president remarked…
  • Rupiah becomes Mandatory in oil, gas transactions

    The government has stipulated the mandatory use of the rupiah in oil and gas–related transactions, after nine months of delay for settling technicalities. Before implementing the measure, the Upstream Oil and Gas Special Task Force (SKK Migas) had to classify…
  • Indonesia Open to International Cooperation: VP

    Indonesia is open to international cooperation through regional schemes in the trade sector, Indonesian Vice President Jusuf Kalla said here on Thursday. International cooperation schemes in which Indonesia has established cooperation include the Trans-Pacific Partnership (TPP), the China-Asean Free Trade…
  • Minister Upbeat Gorontalo Airport Expansion Can Boost Tourism

    Indonesian Tourism Minister Arief Yahya is optimistic that the expansion of Djalaludin airport in Gorontalo province could boost the number of tourists visiting the province. Besides, Arief in a statement said that this year, province would host four tourism festivals,…
  • Govt to cut fuel prices within days

    The government is slated to cut fuel prices within the next few days, as global crude oil prices remain low. The new prices would be announced on March 29 or March 30, said Energy and Mineral Resources Minister Sudirman Said.…
  • Indonesian economy can still grow 5.6 percent: BI chief

    Bank Indonesia governor Agus Martowardojo has said that the country’s economic growth could reach up to 5.6 percent this year as long as the government was able to accomplish structural reform as planned. The International Monetary Fund (IMF) has estimated…
  • Jokowi to Speed Up Trans-Kalimantan Toll Road Project

    President Joko "Jokowi" Widodo visited the construction site of the ongoing trans-Kalimantan highway project on Thursday in a bid to speed up the long-delayed 99-kilometer toll road worth Rp13.11 trillion (US$990 million). Soon after its inauguration in 2010, the project…
  • East Java Electricity Surplus Reaches Up to 2,600MW

    The State Electricity Company (PLN) said that electricity supply in East Java is experiencing a surplus of 2,600 MW. The condition is expected to help transform East Java into a catalyst for economic development for other regions. PLN East Java…
  • Gov't Offers Free IPR Registration for SMEs

    The government has encouraged small-medium enterprises (SMEs) in the creative industry sector to register their intellectual property rights (IPR) by providing free registration service. The intellectual property rights (IPR) protection is important for SMEs in creative industry, according to Deputy…
  • Economy in brief: Furniture sector seeks more govt support

    JAKARTA: Players in the country’s furniture and craft industry have called on the government to provide them with supporting facilities to improve the skills of local workers and maintain the role of the sector as an important driver in the…
  • House Passes Law on Financial Crisis Mitigation

    The House of Representatives has passed the Law on Prevention and Mitigation of Financial System Crisis (PPKSK) without much hindrance. "Because there were no interruptions, this plenary meeting declares the PPKSK Draft Bill is now officially a Law," said Taufik…
  • Tomohon Flower Festival to Boost Regional Economy

    Mayor of Tomohon (North Sulawesi) Jimmy F Eman said that the upcoming Tomohon International Flower Festival (TIFF) will give the city an economic boost. “It will not only affect the city’s economy but also North Sulawesi’s. It will absorb massive…
  • GrabCar, Uber could Continue to Operate on These Terms

    The government is giving two options for GrabCar and Uber if it intends to operate as a transportation company. Both companies could become a taxi operator by standing alone, joins an existing operator, or become a rental company.  As a consequence, both…
  • BI to Focus on Policy Transmission, Further Easing Unlikely

    Jakarta. Bank Indonesia is seeking to strengthen the operational framework of its monetary policy, aiming at local lenders to reduce their lending interests rate at a faster pace to help boost the economy. Bank Indonesia cut its benchmark interest rate by 25…
  • Indonesia Logistics Costs Can Match Asian Peers in Two Decades: Roland Berger

    Jakarta. Indonesia is on the right trajectory to reduce its logistics costs to 19 percent of its gross domestic products (GDP) by 2020, thanks to government efforts to modernize ports and open up the logistics sector to foreign investment, according to an assessment from global…
  • Big Indonesia Investment-Rules Changes to Take Effect Soon: Official

    Jakarta. Major easing of foreign investment restrictions that Indonesia announced last month as a "big bang" liberalization should become effective by the end of March, a senior official said on Friday (18/03). Edy Putra Irawady, deputy coordinating economic minister, said he…
  • Licensing procedures must be simplified to compete in AEC: Kadin

    As ASEAN member countries compete to attract investors following the implementation of the AEC, the Indonesian government needs to simplify licensing procedures to improve its investment climate, the business community says. Indonesia’s main competitors within ASEAN in attracting investors are…
  • Gov`t to Scrap 3,300 Regulations for Ease of Public Service

    Interior Ministry will scrap 3,300 regional regulations which hinder investment and public service. “We have to cut the regulations for public service,” said Interior Minister Tjahjo Kumolo in a coordination meeting of demography and civil record at Lombok Raya Mataram…
  • Indonesia to boost investment through easy, fast licensing service

    The Indonesian government held a closed-door meeting to discuss efforts to boost investment and business through the implementation of an easy and fast licensing service. "We should improve all aspects of licensing in relation to issuing building and environmental permits…
  • World Bank Projects Indonesia's Growth at 5.1% in 2016, Private Investment Needed

    The World Bank projects the Indonesian economy to grow at 5.1 percent this year, 0.2 percent lower than its forecast projection in December, due to weakened external conditions and lower revenue growth, according to a World Bank report released on Tuesday…
  • Ministry Prepares Seven Strategies to Improve Dwelling Time

    Agung Kiswandono, Deputy II on Natural Resources Coordination and Services of the Coordinating Ministry for Maritime Affairs (Ministry) said that there are several steps that must be taken to improve dwelling time in ports to just only three days, as…
  • Ten top tourist destinations to be developed using foreign loans

    The accelerated development of Indonesias ten top tourist destination will be carried out partly by using foreign loans, a minister said. "Concerning the funding, there will be international loans worth US$500 million as preliminary loans for infrastructure facilities," Coordinating Minister…
  • Taxman Plans to Only Target Indonesia's Wealthiest

    Indonesia's tax office will likely only target the country's wealthiest individuals for audits as part of efforts to maximize its resources in order to boost tax revenues and to make up for the loss of potential revenue if lawmakers do…
  • Bank Indonesia Governor Says "Unconventional" Monetary Policies Should Be Limited

    Indonesia's central bank governor on Friday said there should be a limit to "unconventional" monetary policies globally after the European Central Bank (ECB) unleashed a bold package of easing measures. "For Indonesia, this is an unconventional monetary policy and there…
  • Retail Sales Up in January, BI Finds

    Retail sales in January grew 12.5 percent compared to the period a year, a Bank Indonesia survey revealed on Friday (11/03). The central bank revised the December annual retail sales growth to 11.4 percent from 10.4 percent in the previous…
  • Indonesia`s Dwelling Time the Longest in ASEAN: Report

    Zaldy Masita, Chairman of the Indonesian Logistics Association, said that dwelling time in Indonesia is the longest compared to that in other ASEAN countries such as Singapore, Thailand, and Malaysia. According to him, limited infrastructures and difficult access to seaports…
  • Crisis Prevention Bill Finalized; Govt to Revise Laws

    The government and the House of Representatives (DPR) agreed to pass the Bill of Financial Sector Crisis Prevention and Management (PPKSK Bill). The bill is scheduled to be ratified in a plenary meeting on March 18. In passing the bill, the…
  • 50 new logistics centers to open in 2017: minister

    The government intends to open 50 more bonded logistic centers (PLBs) in Indonesia next year. The new PLBs are part of an effort to transform Indonesia into an emerging logistics hub in the Asia-Pacific and are a follow up to…
  • Govt to help settle coal price for power plant

    The government will intermediate between coal producers and power plants to settle disagreements on the price of coal amid the plunge in value of the fossil-fuel commodity. Energy and Mineral Resources Minister Sudirman Said explained that amid the declining coal…
  • Indonesia Can Become ASEAN`s Automotive Production Hub: Ipsos

    Indonesia has the opportunity to become an automotive production hub for the ASEAN and gradually replace Thailand as a car production base, according to the Ipsos Business Consulting Firm. "This is evident from the output trend of vehicle production, policies,…
  • Indonesia Engaged in FTA Negotiation to Remove Import Duties

    Coordinating Economic Minister Darmin Nasution revealed the reason of government’s involvement in a negotiation of free trade agreement, so called the Comprehensive Economic Partnership Agreement (CEPA), with the European Union. Darmin said that Europe had provided Indonesia with various facilities…
  • SOEs team up to Improve Maritime Connectivity

    State-owned enterprises (SOEs) related to the logistics and maritime sectors have teamed up to faster improve the country’s connectivity, in line with President Joko “Jokowi” Widodo’s maritime axis vision. State port operator PT Pelindo II signed on Tuesday a blanket…
  • Indonesia Says Internet Giants Need to Pay Tax or Face Blockages

    Global Internet-based firms could have their services blocked in Indonesia if they do not obtain "permanent establishment" status in the country and pay Indonesian tax, government officials said on Monday. Finance Minister Bambang Brodjonegoro told reporters all Internet-based services must…
  • BKPM to Keep a Close Eye on 200 Import Substitutions, Export Promotion Projects

    Indonesia's Investment Coordinating Board, or BKPM, will continue its inspection and assistance program on 200 randomly selected investment projects this year in order to accelerate investment realization in the country. Launched last year, the program has helped to ensure steady progress of…
  • Indonesia Will Soon Have Strategic Plan for Digital Game Industry: Official

    Indonesia will soon have a strategic plan or framework that would guide and shape the nation's digital game industry in a bid to help local developers gain a controlling share of the market, a senior government official said on Thursday (25/02).…
  • Govt Lowers REIT Tariff to 1.5%

    The government is giving an incentive for Real Estate Investment Trusts (REIT). The investment instrument is given a tax rate of just 1.5 percent, consisting of a 0.5-percent income tax on final capital gain and a 1.0% duty tariff for…
  • Total Solar Eclipse Momentum to Boost Indonesia`s Tourism Industry

    Indonesia is the starting point and the best spot to watch a total solar eclipse (TSE) that will occur on the morning of March 9, 2016. A TSE happens when the Moon comes between the Sun and the Earth and…
  • RI Government Prepares Guidelines for Facilitating Businesses

    The Indonesian government is preparing guidelines and revising various regulations that will make it easier to do business, as part of efforts to provide access to investors who want to start a business in Indonesia. "These guidelines should be formulated…
  • Indonesia, EU Discusses Free Trade Agreement

    Coordinating Minister for Economic Affairs Darmin Nasution on Thursday, March 3, 2016 met several European Union (EU) ministers to continue the discussion of free trade agreement.   Azhar Lubis, deputy of investment control at the Investment Coordinating Board (BKPM), who attended the…
  • BKPM: 200 Companies Actualize Investment Plans worth Rp264.7tn

    The Investment Coordinating Board (BKPM) recorded that 200 companies materialized their investment plans last year. The value of these actualized projects is Rp264.7 trillion. "This is just 51.4 percent of their total investment plans," BKPM chief Franky Sibarani said on…
  • President Jokowi Calls to Further Develop Infrastructure in Aceh

    President Joko Widodo (Jokowi) has urged the local administrations of Bener Meriah District and Aceh Province to develop infrastructure to attract investment and to boost the regional economy. "The expansion of Rembele Airport would be of no use if there…
  • BI Governor Calls on Industries to Use Rupiah

    Bank Indonesia (BI) Governor Agus Martowardojo asked Industry Ministry Saleh Husin to call on the industry sector to use rupiah in transactions.   “Earlier, there were still many transactions made in foreign currencies. Last year, the value of the transactions…
  • RI Warned of Risk of Massive Capital Outflow

    Hefty capital streaming into Indonesia may become a double-edged sword that triggers another episode of massive reversal as experienced in mid 2013. To many, recent capital inflows are seen as the positive result of an improving economy and the government’s…
  • Govt to Issue New Rules Over OTT Service in March

    The foreign providers of over-the-top (OTT) applications running on Indonesia’s local network must prepare additional investment as a new regulation is being written, obliging them to register as a local entity with sole ownership or through a joint-venture with local…
  • Govt Prepares 4 New Special Economic Zones

    Indonesia is preparing to build new Special Economic Zones (KEK). According to state officials, the government is discussing about the establishments of four economic zones.   "Sorong, Merauke, Lhokseumawe, and Tanjung Kelayang (Belitung) are being proposed as special economic zones,"…
  • Mandalika Development Needs US$46.29 Million

    The Indonesian Tourism Development Corporation (ITDC) needs US$46.29 million to develop Mandalika into an integrated zone within in a 15-year period of 2015-2030. Tourism Ministry’s head of tourism investment Hengky Manurung said that Mandalika would have various facilities by 2030,…
  • Gov`t Calls on Auto Industry to Develop Electric Cars

    The Industry Ministry has called on the national automotive to develop electric cars, since the future trend is heading toward green concept. Electric cars development is one of government commitments to reduce emissions by 29 percent by 2030. “The opportunity…
  • Oil, Gas Investors Return 15 Exploration Blocks to Indonesia: Regulator

    Oil and gas investors relinquished 15 exploration blocks to the Indonesian government in 2015, nearly double those they returned the previous year, according to the country's energy regulator, amid low oil prices and slowing global demand growth. Indonesia's energy sector…
  • Asean Set to Gain $1t from Digital Economy Over Next Decade, Report Finds

    Indonesia and its Southeast Asian peers need to revamp their information technology infrastructure, update regulations and encourage an entrepreneurship ecosystem to generate an additional $1 trillion in its gross domestic product in the next decade, according to a report published…
  • Govt Mulls Plan to Change VAT Regime to GST: Official

    The Indonesian government is considering whether to replace the value-added tax (VAT) system with a goods and services tax (GST), as part of its plan to boost tax revenue, a director at the country's tax office said last week. VAT is…
  • Airport Operators Gear Up for Foreign Partnerships

    Domestic airport operators are gearing up for partnerships with foreign investors following the government’s move to increase the percentage of foreign ownership allowed in the airport management business. The Transportation Ministry recently agreed to increase the maximum from 49 percent…
  • Finance Ministry Pushes Back 2016 Budget Revisions to Assume New Oil Price

    The government has decided to postpone a revision of the 2016 state budget from March to May, taking more time to assess the impact of falling global oil prices to the state's balance sheet. Indonesia expects its oil price, known…
  • Tourists from 12 Countries to Watch Solar Eclipse in Palembang

    Hundreds of tourists from 12 countries have made reservations in star-rated hotels in Palembang to watch the total solar eclipse (TSE) that will occur on March 9, 2016. The tourists wanted to observe the rare and spectacular natural phenomenon from…
  • Infrastructure, deregulation key to RI competitiveness, Jokowi says

    President Joko “Jokowi” Widodo has said infrastructure and deregulation are the keys for Indonesia to win the regional competition in ASEAN. He further said regional competitiveness must be achieved as it had entered the ASEAN Economic Community (AEC), which took…
  • Govt Shortens Process for Building Permits

    The government is simplifying the process for people to obtain permits to erect buildings on plots of land, building use permits (HGB), as part of the effort to improve the ease of doing business in the country. The process to…
  • Indonesia, Britain Initiate Cooperation in Maritime Sector

    Indonesia and Britain (including North Ireland) have initiated cooperation in the maritime sector through a bilateral maritime forum to be held in London next April. To discuss the cooperation forum the Office of the Coordinating Minister for Maritime Affairs held…
  • Indonesia to Expand Seafood Market to England

    Indonesian government, through the Coordinating Ministry for Maritime Affairs and Resources, will work to expand the seafood market to England and North Ireland as part of an MoU for maritime cooperation signed by the two countries in July 2015.  "The…
  • Industry Welcomes New Foreign Investment Ruling

    Following the government’s announcement of a new investment list that includes the opening up of the cold-storage industry to foreign investors, sector players have welcomed the policy, predicting that the ruling will help woo related investors to develop the cold-storage…
  • Govt Expands 3-hour Permit Issuance for 4 Infrastructure Sectors

    The government has broadened implementation of the three-hour licensing service for four infrastructure sectors, allowing investors to enjoy the service without having to meet past requirement terms such as the minimum investment of Rp 100 billion (US$7.5 million) and the…
  • Govt to Cut Spending, Just Not on Infrastructure

    The government is seeking to maintain infrastructure funding at current levels while trimming other sectors’ funding amid a cash-strapped budget in a measure lauded by analysts. Coordinating Economic Minister Darmin Nasution said on Monday at the State Palace that the…
  • President Jokowi to oversee LRT project in Palembang

    President Joko Widodo (Jokowi) will in the near future oversee the development of the Light Rail Transit (LRT) project in Palembang, South Sumatra, according to Governor Alex Noerdin. "The President actually plans to oversee the progress of LRT development in…
  • Business Regulation

    Government to issue fiscal incentives for industrial zones. In an effort to provide certainty for potential investors in the country’s industrial zones, the Finance Ministry is set to issue a regulation on incentives for such zones, an official has said.…
  • Investment

    Crumb rubber industry open to foreign investment.  Crumb rubber industry is open to 100 percent foreign investment after the revision of the Investment Negative List (DNI) announced last Thursday, Industry Minister Saleh Husin said. "We have opened the crumb rubber…
  • Infrastructure

    Govt to pay extra attention to 30 infrastructure projects.   The government says it will closely monitor and make sure 30 priority infrastructure projects across the country will finish within the next four years to help boost economic growth. According to…
  • Tourism

    Govt designates Lake Toba as international tourist destination. The government has designated Lake Toba, located in North Sumatra, as an international-standard tourist destination and aims to improve the living conditions of the local population. "Lake Toba is to be turned…
  • Finance

    Indonesia's Inflation Rate Seen Rising in January.  Indonesia's annual inflation rate likely accelerated in January due to rising food prices, a Reuters poll showed. The median forecast of 11 analysts in the poll is for January headline inflation of 4.20…
  • Food and Beverage

    Govt to ensure supply-demand balance to control food prices.  Trade Minister Thomas Trikasih Lembong said here on Wednesday that his priority was to ensure a balance between supply and demand to control food prices without having to curb the current…
  • Coal Bed Methane Projects – Promising Signs of Flexibility

    The Government is seeking to encourage greater investment in exploration for and development of so-called “non-conventional oil & gas resources” (“NC O&G Resources”) (“NC O&G Utilization”) by offering more flexible fiscal terms for non-conventional oil & gas projects (“NC O&G…
  • Creative Industry

    Creative Industry Positive in Digital Era.  Cooperation and SME Minister, Anak Agung Gede Ngurah Puspayoga, visited Marketers Creativity Day expo of creative products in Smesco building, Jakarta. He emphasized that creative industry has a big chance in the digital economy…
  • Trade

    Textile, footwear bank on EFTA trade boost. Indonesia’s textile industry players are hoping a free-trade agreement with four non-EU countries will give local garment and footwear manufacturers greater access to the European market.  Indonesian Textile Association (API) chairman Ade Sudrajat…
  • Education

    UK provides scholarship for Papua students. The British government provides a Chevening scholarship program for Papuan students which aims at exploring the best Papuan human resource potential in Indonesias easternmost region.  Chevening is the United Kingdom (UK) Governments scholarship program…
  • Energy and Natural Resources

    PLN to keep increasing use of renewable energy sources. State-owned electricity company PLN is planning to keep increasing the utilization of new renewable energy to generate power despite the challenges encountered so far. Company director Nicke Widyawati said the use…
  • Fisheries, Forestry & Agriculture

    Indonesia Should Reinforce Fish Seeding Development: Expert.  Indonesia should strengthen its fish seed development as it has become very weak due to its impatience in fish seed development, a marine expert said. "We are weak in fish seeds because we…
  • IT and Communications

    Indonesia opens doors to big e-commerce firms. The government will allow 100 percent foreign ownership of big e-commerce companies as Indonesians are already using their services even when they do not have a physical presence in the country, a minister…
  • Banking

    Bank Indonesia predicts credit growth in 2015 to reach 11%. The Indonesia's Central BankBank Indonesia has predicted that credit growth in the banking industry will reach between 10 to 11 percent in 2015. "As per the latest figure, it was…
  • Manufacturing & Retail

    Indonesia to Open Cold Storage, Sugar, Rubber Manufacturing Sectors to Foreign Investors Indonesia is set to allow foreigners to wholly own cold storage businesses, sugar factories and rubber manufacturing companies in an attempt to attract more foreign investment, a senior…
  • International SOS

      WORLD DAY OF REMEMBRANCE FOR ROAD TRAFFIC VICTIMS  Free Road Safety Pocket Guide for Business Travellers World Day of Remembrance for Road Traffic Victims is 15 November, 2015. Road accidents are one of the top five causes of medical…
  • UK SUMMER BUDGET 2015: KEY POINTS IN SUMMARY

    Click here to view the UK Summer Budget 2015.


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