Business News
Indonesia: Imports Bounce Back After Long Slump
Exports sustain growth while imports recoverIndonesia’s export sector has continued to hum along, posting a 4th straight month of expansion with global economic prospects brightening as vaccination efforts continue for developed and emerging markets alike. Meanwhile, imports recorded their first expansion after 19 straight months of contraction, which could point…
The Non-Oil and Gas Sector Controls 94.36 Percent of Indonesia's Exports in February 2021
The Central Statistics Agency (BPS) revealed that the value of Indonesia's exports in February 2021 reached USD 15.27 billion. The amount is down 0.19 percent compared to exports in January 2021, but on a YoY basis it grows 8.56 percent. Indonesia's main export sectors are oil and gas, agriculture, manufacturing…
Indonesia Offers More Aggressive Tax Perks for Electric Vehicles
Indonesia, a top supplier of a key battery metal, will aim to boost sales of electric vehicles with a new regulation that will cut tax breaks for hybrid cars.Battery-powered electric vehicles will retain their 0% luxury tax rate, while plug-in hybrid vehicles will see their tariff increase to 5% from…
Jokowi Removes Coal from the Hazardous Waste Category
Coal waste is excluded from the list of hazardous and toxic waste categories (B3 Waste). This abolition is contained in Government Regulation (PP) Number 22 of 2021 concerning the Implementation of Environmental Protection and Management and is one of the derivative regulations of the Job Creation Law. The hazardous waste…
