Business News
Government launches tax exemption app for imported oil and gas equipment
Six governmental bodies launched in Jakarta on Monday an application for oil and gas companies to apply for duty exemptions on imported exploration equipment. The Finance Ministry said in a statement that the purpose of the app was to streamline and simplify the application process for the Finance Ministry Exemption…
Mandatory halal certification problematic
After about five years of preparation, the Halal Products Guarantee Law, which was passed by the House of Representatives in 2014, will take effect on Oct. 17. But many companies, especially those involved in the production of food and beverages, will unlikely be able to obtain the certificates due to…
PNM IM offers new investment option to investors
State-owned micro financing firm Permodalan Nasional Madani Investment Management (PNM IM) has officially listed an exchange-traded fund (ETF) on the Indonesia Stock Exchange (IDX) to give investors more investment options.PNM president director Bambang Siswaji said the company’s first ETF, which was listed on the IDX on Monday, had attracted investment…
Indonesia gets Rp 232 billion grant from EU to ease trade negotiations
Indonesia’s trade sector has received its Christmas gift early: The European Union has granted Indonesia Rp 232 billion (US$16.37 million) through a program dubbed ARISE+ Indonesia to improve trade conditions and capacity between 2019 and 2023.“The key objective is to strengthen the export and trade competitiveness of the Indonesian economy…
