Business News
Indonesia Accelerates Procurement of 30 New KRL Trainsets, Partly via Imports
Transport Minister Dudy Purwagandhi confirmed that Indonesia is speeding up the procurement of 30 new KRL trainsets in line with President Prabowo Subianto’s directives. The acquisition will combine domestic production by PT INKA with imports, as INKA’s production capacity alone cannot meet the tight one-year target. The government prioritizes rapid…
Indonesia Prepares Import Restrictions Amid Surge of Chinese Goods
Indonesia’s government is preparing new regulations to manage the influx of Chinese products entering the country, particularly affecting micro, small, and medium enterprises (MSMEs). Minister Maman Abdurrahman highlighted that the biggest challenge for local businesses is not only the import of second-hand clothing but also the massive entry of new…
Indonesia Tightens Export Rules: Gold Must Be 99% Pure, Coal Subject to Export Duty
Indonesia’s Finance Minister Purbaya Yudhi Sadewa announced stricter export regulations for strategic commodities, particularly gold and coal, to promote domestic downstream industries and strengthen the local bullion ecosystem. Gold exports are now limited to products with at least 99% purity in the form of ingots, bars, or granules, with mandatory…
Tax Rules Revised to Accelerate and Streamline Restructuring of 1,000 SOEs
The Indonesian government is moving to significantly streamline the restructuring process for its expansive network of State-Owned Enterprises (SOEs). New tax regulations are being introduced to enhance the efficiency of mergers, acquisitions, and restructuring programs involving up to 1,000 SOEs. This proactive policy adjustment by the Ministry of Finance aims…
