Business News
Set Economic Policy Package, Government Provides Incentives for Three Basic Food Commodities
Minister of Trade, Budi Santoso, announced that the government will provide a 1% Value Added Tax (VAT) incentive for three basic food commodities: MINYAKITA cooking oil, wheat flour, and industrial sugar. This incentive is part of the government's economic policy package aimed at supporting the welfare of the public, particularly…
Industrial Growth in Batang Accelerates, Investment Reaches IDR 18.7 Trillion
PT Kawasan Industri Terpadu Batang (KITB) has demonstrated remarkable progress in developing its industrial zone. As of December 2024, 28 companies have committed to establishing factories on a 339-hectare plot, with total investments reaching IDR 18.7 trillion. KITB President Director, Ngurah Wirawan, reported that six companies are already operational, employing…
Sri Mulyani: INSW Boosts Efficiency in International Trade
Indonesia's Finance Minister, Sri Mulyani Indrawati, emphasized the transformative impact of the Indonesia National Single Window (INSW) system on international trade efficiency. The system simplifies export and import activities by consolidating processes that were previously scattered across multiple ministries and agencies into a single-entry portal. "Through digital transformation with INSW,…
US Companies Show Growing Interest in Investing in Indonesia
The United States Ambassador to Indonesia, Kamala Shirin Lakhdhir, expressed optimism about fostering stronger economic cooperation between the US and Indonesia during the 75th anniversary of bilateral relations between the two nations. She highlighted the importance of collaboration in economic development and human capacity building, emphasizing that these efforts have…
