Business News

Indonesia plans electric vehicle incentives for foreign car makers

JAKARTA (Reuters) - Indonesia is finalizing a new electric vehicle (EV) policy that will offer fiscal incentives to foreign car makers, as it ramps up efforts to become a lithium battery hub, its deputy industry minister said on Tuesday. “Our target is for 20 percent of all cars produced in…

Indonesian President Joko renews pledge to cut corporate taxes if re-elected

Indonesian President Joko Widodo has renewed a pledge to cut corporate tax rates in South-east Asia's biggest economy if he is re-elected in April, an economic adviser said on Thursday (Jan 31), following a similar promise by his election opponent."Tax reforms will be continued in the second period of Mr…

EU’s new strategy for Asia & the ASEAN countries

On January 21, High Representative for Foreign Affairs and Security Policy Federica Mogherini and, Minister of Foreign Affairs of Singapore Vivian Balakrishnan co-chaired the joint ASEAN (Indonesia, Malaysia, the Philippines, Singapore, Thailand) meeting in Brussels for wide-ranging discussions on common challenges and on strengthening the critical EU-ASEAN relationship. Foreign ministers…

Medco to buy Ophir Energy in 391m pound deal

Medco Energi Global, a subsidiary of oil and gas giant Medco Energi International, reportedly clinched a deal on Wednesday to take over the United Kingdom-listed oil and gas giant Ophir Energy in a 390.6 million pound sterling ($511 million) agreement. “We are pleased to announce a recommended transaction with Medco.…
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