Business News
Exports of Agricultural Commodities Continue Despite Logistical Disruptions
Indonesia’s exports of agricultural commodities have continued despite logistical disruptions caused by measures to contain the COVID-19 pandemic.The Agriculture Ministry officially dispatched a shipment of 94,000 tons of agricultural commodities including mangosteen, ornamental plants, coconut water, nutmeg and cloves last week to 43 countries in Asia and Europe through the…
Indonesia Sets Price Floor for Nickel Ore to Protect Small Miners
The government has put a floor under the price of nickel ore to protect small miners amid Indonesia’s aggressive efforts to develop downstream mining industries.Energy and Mineral Resources Ministry Regulation No. 11/2020 mandates using Indonesia’s monthly mineral ore benchmark price (HPM) – previously used to calculate mining royalties – as…
Investment realization in Q1 2020 strengthens by eight percent: BKPM
The Investment Coordinating Board (BKPM) recorded an eight-percent rise in investment realization during the 2020-first quarter (Q1), reaching Rp210.7 trillion, from Rp195.1 trillion during the corresponding period of 2019, despite pressure amid the COVID-19 outbreak."Total investment in the first quarter of 2020 touched Rp210.7 trillion, spread across 25,192 investment projects,"…
BKPM issues over 4,000 permits for health-related firms in early April
The Investment Coordinating Board (BKPM), which manages the national online single-submission system for business permit requests, has issued 4,042 operational or commercial permits for firms in the health sector as the country battles the COVID-19 outbreak.Health sector permits issued in the first two weeks of April surpassed 70 percent of…
