Business News

Jokowi Says Investing in Indonesia is Easier than Ever

As the global economy is idle due to coronavirus lockdown, the Indonesian government takes the momentum to launch an “extraordinary structural reform” that makes the business climate friendlier to investors than ever before, President Joko “Jokowi” Widodo said on Thursday. Key in the current reform is the adoption of a…

Patimban Seaport to Become Java’s Logistic Hub for Eastern Indonesia: Minister

Transportation Minister Budi Karya Sumadi said Monday that the Japan-backed Patimban seaport is expected to be the logistic hub for goods shipped to and from eastern Indonesia to Java Island, complementing the busy Tanjung Priok Port in Jakarta. Tanjung Priok Port will then primarily handle shipments that are bound and…

Indonesia Sovereign Wealth Fund Aims to Raise $15b by Offering Multiple Funds

Indonesia’s new sovereign wealth fund will offer dedicated industry funds in a bid to drum up US$15 billion investment and deepen access to global capital by Southeast Asia’s biggest economy, finance minister Sri Mulyani Indrawati told Reuters. The structure, outlined in a briefing by top economic ministers last Friday, has…

Indonesian Rattan Product Exports Increase 4.35 Percent

The Ministry of Trade (Kemendag) noted that the export value of Indonesian rattan products from January to August 2020 increased by 4.35 percent compared to the same period in 2019. "The export value of Indonesian rattan products in the January to August 2020 period was recorded at US $ 357.16…
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