Business News
The Ministry of Trade Aims to Make Indonesia to Become An Exporter of High Value Products
The Minister of Trade Muhammad Lutfi has a big mission to improve the structure of national exports. Having long struggled as a trader of raw commodities, Lutfi said Indonesia was facing a new phenomenon in which high-value products would become the basis for exports. To achieve this mission, Lutfi said…
Boost Exports, The Minister of Trade Boosts Global Trade Cooperation
Minister of Trade Muhammad Lutfi stated that the government continues to increase exports. One of them is through international trade cooperation agreements with various non-traditional export destination countries. "Indonesia is being transformed from an exporter of raw or semi-finished goods to industrial goods. So a sophisticated and high-quality trade agreement…
Indonesia Sets New Rules on Payments Systems
Indonesia's central bank on Friday (Jan 8) announced new regulations on payment systems to try to consolidate existing rules, with new requirements on share ownership and capital that could impact firms providing payment services and infrastructure. Filianingsih Hendarta, the head of Bank Indonesia's payment systems department, said the new regulation,…
The Government Sets the Tobacco Excise Tariff Policy in 2021
The government through the Ministry of Finance has established a tobacco product excise tariff policy in 2021. This policy is in line with the vision and mission of the President of the Republic of Indonesia, namely "Advanced Human Resources, Excellent Indonesia", through a commitment to control consumption for the sake…
