Business News
Indonesia Embraces GCEL’s Digital Economy Platform to Unleash a New USD 20 Trillion Digital Services Industry by 2035, Nearly 10 Times the Size of the Current Oil and Gold Production Combined
JAKARTA, Indonesia--(BUSINESS WIRE)--Indonesia Vice-President H.E. Jusuf Kalla congratulated the Global Coalition for Efficient Logistics (GCEL) and the Indonesia Chamber of Commerce (KADIN) for the recent execution of MOUs at the Indonesia Stock Exchange between GCEL, KADIN and Bukalapak, Indonesia’s largest e-commerce firm, and Kresna Finance and Insurance with the aim…
It’s official: BKPM to handle all licenses, review policies unfavorable for investors
President Joko "Jokowi" Widodo has officially issued a regulation that streamlines all business licensing toward the Investment Coordinating Board (BKPM) and grants the agency the authority to review policies deemed as unfavorable for investors.Presidential Instruction (Inpres) No. 7/2019 on the acceleration of ease of doing business (EODB) was signed on…
Indonesia Issues Positive Investment List in January 2020
JAKARTA (TheInsiderStories) – The Indonesian government will publish a positive investment list in January 2020 to begin promoting priority industries that are open to both foreign and domestic investment, the official said today (11/20). It aims to reduce current account deficit, improve financial stability, and stimulate growth in Southeast Asia’s…
New Foreign Envoys Submit Letters of Credentials, Discuss Economy with Jokowi
President Joko "Jokowi" Widodo received on Wednesday the letters of credentials from 14 new ambassadors at the State Palace in Jakarta, marking the commencement of their official duties representing their countries in Indonesia.Ten of the new envoys are resident ambassadors, with four coming from Europe, including European Union Ambassador Vincent…
