Business News

Tourist villages emblematic of Indonesia's economic revival: Minister

Tourist villages are a symbol of Indonesia’s economic revival since their development would have positive impacts on the welfare of local communities, Tourism and Creative Economy Minister Sandiaga Salahuddin Uno stated. “The recent tourism trend has shown that tourist village is Indonesia’s tourism future and the symbol of our economic…

BI Allows Foreign Investors to Hold Company Shares Paying up to 85 Percent

Bank Indonesia (BI) ensures that foreign payment service providers (PJP) can operate in Indonesia. But the company must have or get permission from BI first. The payment service provider must not only have a license from BI but also have to bring a permit from the country of origin to…

President: The government gives access to large investors and MSMEs-cooperatives

President Joko Widodo (Jokowi) guarantees that the government will provide equal access for MSME-based investors and cooperatives, with large-value investors. According to President Jokowi at the Investor Daily Summit which was attended virtually, Tuesday, in Jakarta, not only large investors and foreign investors, investors from MSMEs and cooperatives also provide…

Luhut: Handling COVID is a consideration for investors entering Indonesia

Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said handling COVID-19 was one of the considerations for investors to continue investing in Indonesia. According to Luhut, the challenges faced by Indonesia in handling the COVID-19 pandemic are indeed quite heavy, starting from the availability of medicines, oxygen, hospitals…
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