Business News
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…
Indonesia to issue larger tax breaks to cover 11 more sectors
Indonesia will issue larger tax breaks to cover 11 business sectors similar to the incentives given to manufacturing industries to help companies weather the economic impacts of the COVID-19 pandemic.The 11 sectors are food, trade, electricity, oil and gas, mining and coal, forestry, tourism and the creative economy, telecommunications, logistics,…
Trade Balance March 2020 Surplus of US $ 740 Million
Indonesia's trade balance recorded a surplus in March 2020. In fact, the value is higher than the expectations.The Central Statistics Agency (BPS) reported on Wednesday (4/16/2020), the value of Indonesia's exports last month was US $ 14.09%. Slightly decreased -0.2% compared to the same period on the previous year. Although…
No Investment Pullouts Despite COVID-19 Outbreak, Luhut Says
The COVID-19 pandemic has yet to affect investors’ investment plans in the country, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has said.“No single project sees any cancellation,” Luhut told reporters in an online briefing on Tuesday, despite adding that some projects were expected to stall between April and June…
