Business News
The Ministry of Finance Optimizes Export Recording to Enhance Revenue Sharing in West Sumatra
The Directorate General of Treasury (DJPb) of the Ministry of Finance for West Sumatra Province aims to optimize the recording of exports from the province to increase revenue sharing funds (DBH) from export taxes. Budi Lesmana, Acting Head of DJPb West Sumatra, emphasized that efforts will be intensified to ensure…
The Ministry of Industry Aims to Boost Palm Oil Downstreaming, Targeting IDR 450 Trillion in Export Value
The Indonesian government is actively promoting the industrial downstreaming program, particularly in the agro-business sector such as palm oil. This commodity has an export value reaching hundreds of trillions of rupiah. According to Putu Juli Ardika, Director General of Agro Industry at the Ministry of Industry, palm oil has successfully…
Indonesian Government Simplifies Upstream Oil and Gas Investment Scheme
The Indonesian government has introduced more flexible regulations for upstream oil and gas (migas) investments, aiming to ease the process for investors and contractors (KKKS) looking to transition between investment contracts. The Director of Upstream Oil and Gas Development at the Ministry of Energy and Mineral Resources (ESDM), Ariana Soemanto,…
Indonesia Explores Creative Economy Cooperation with Uzbekistan and Thailand
Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno, held bilateral meetings with Uzbekistan's Minister of Foreign Affairs, Ilkhom Utkurovich Khaydarov, and Thailand's Director of the Creative Economy Agency, Cakkrit Pichyangkul. These discussions took place during the World Conference on Creative Economy (WCCE) 2024 in Tashkent, Uzbekistan, on 2 October…
