Business News

Vice Minister of Trade: Trade Balance Up to July was a Surplus of 14.42 Billion US Dollars

Deputy Minister of Trade Jerry Sambuaga said Indonesia's trade balance cumulatively for the January - July 2021 period, a surplus of 14.42 billion US dollars. "Praise God, Alhamdulillah, Indonesia's trade balance has a surplus of USD 14.42 billion. This is the highest record since the last 10 years, the last…

Indonesian President Highlights Three Key Economic, Business Strategies

Indonesian President Joko Widodo has highlighted three major economic and business strategies, comprising industrial downstreaming, digitising micro, small and medium enterprises (MSMEs); and developing a green economy. Addressing an online meeting with 100 economists on August 26, the President said on industrial downstreaming, the government has stopped the exports of…

BPPT focuses on development of eight priority sectors

The Agency for the Assessment and Application of Technology (BPPT) will channel all attention to eight priority sectors with the objective of boosting the nation's independence and competitiveness in 2021. "Innovation, science and technology are the nation’s main drivers of economic growth and development," Head of BPPT Hammam Riza stated…

Minister of Industry Proposes 0% PPnBM for New Cars to be Extended Until the End of the Year

The Ministry of Industry (Kemenperin) proposes relaxation of the Sales Tax on Luxury Goods (PPnBM) with the Government borne (DTP) scheme of 100% for the purchase of new cars, which can be extended until the end of the year. The PPnBM DTP policy since March 2021 has proven to have…
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