Business News

The Permentan (Minister of Agriculture Regulation) ISPO Sawit is targeted to be completed by the end of August

This regulation aims to improve the governance of Indonesia Sustainable Palm Oil (ISPO) by opening spaces for stakeholder participation.The government is currently drafting regulations derived from Presidential Regulation Number 44 of 2020 regarding the Indonesian Sustainable Palm Oil Certification System. This derivative regulation in the form of Minister of Agriculture…

Indonesia Allows Private Sector to Develop Electric Vehicle Infrastructures

The Energy and Mineral Resources Ministry is providing the chance for private enterprises to help develop Indonesia's electric vehicle supporting infrastructures. The supporting infrastructures are classified into recharging stations (SPKLU) and the electric vehicle battery exchange (SPBKLU).  According to the Energy and Mineral Resources Ministry Regulation No.13 of 2020, enterprises…

Tourist Hotspot Bali to Remain Closed to Foreigners All Year

The Indonesian island of Bali will remain closed to foreign visitors for the rest of 2020 after authorities postponed a plan to welcome back international tourists from Sept. 11 as the coronavirus continues to spread.“The Indonesian government couldn’t reopen its doors to foreign travelers until the end of 2020 as…

Indonesia records largest trade surplus in 9 years in July

INDONESIA posted its biggest trade surplus in nine years in July, as exports improved while domestic demand for imports remained subdued amid the coronavirus pandemic, data from the statistics bureau showed on Tuesday. South-east Asia's largest economy reported a US$3.26 billion surplus in July, the bureau said, the biggest since…
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