Business News
Tax Rules Revised to Accelerate and Streamline Restructuring of 1,000 SOEs
The Indonesian government is moving to significantly streamline the restructuring process for its expansive network of State-Owned Enterprises (SOEs). New tax regulations are being introduced to enhance the efficiency of mergers, acquisitions, and restructuring programs involving up to 1,000 SOEs. This proactive policy adjustment by the Ministry of Finance aims…
Indonesian Tobacco Industry Expands Operations: October Cigarette Production Soars 73 Percent
The Indonesian Tobacco Industry (IHT) is demonstrating robust operational resilience and significant expansion, highlighted by an extraordinary surge in production volume. Preliminary figures indicate that national cigarette production witnessed a dramatic 73% year-on-year increase in October. This substantial jump in output signals that the industry is aggressively utilizing its capacity…
Sport Tourism Poised to Generate 30 Million Jobs in Indonesia
Sport tourism, defined as travel based around sporting events and activities, is emerging as a powerful new economic driver with enormous potential for Indonesia. According to Maya Watono, Head of InJourney, the full development of this sector could lead to the creation of up to 30 million jobs nationwide. This…
Strengthening Competitiveness as Key to Global Expansion: Klaten-Made Guitars Ready for International Markets
Indonesia’s Minister of Trade, Budi Santoso, emphasized the country’s strong potential in the global musical instrument market, particularly due to its expertise in crafting high-quality wood-based instruments. He highlighted that enhancing competitiveness through improved product quality and design support—such as online coaching programs for MSMEs—remains essential for elevating local musical…
