Business News
Greater role for BKPM as it takes over all business licenses
President Joko “Jokowi” Widodo has ordered the Investment Coordinating Board (BKPM) to handle all forms of licensing previously handled by a variety of government institutions in a move that is expected to facilitate business in Indonesia.The change will grant greater authority to BKPM head Bahlil Lahadalia, who was also assigned…
'Stop making new rules and ease investment', Jokowi tells regional leaders
President Joko "Jokowi" Widodo reiterated his determination to improve Indonesia's investment climate at the Regional Leadership Communication Forum (Forkopimda), held on Wednesday at the Sentul International Convention Center in Bogor, West Java. The President's remarks come amid his drive to attract more investors to the country. Earlier in his inaugural…
BREAKING: Jokowi announces his new Cabinet. Here’s the line up
After keeping the public guessing with two days of visits from ministerial candidates at the State Palace, President Joko “Jokowi” Widodo announced on Wednesday the lineup of his second-term Cabinet, a mixture of old and new faces, professionals and politicians — including Jokowi’s erstwhile rival in April’s presidential election. Jokowi’s…
Government launches tax exemption app for imported oil and gas equipment
Six governmental bodies launched in Jakarta on Monday an application for oil and gas companies to apply for duty exemptions on imported exploration equipment. The Finance Ministry said in a statement that the purpose of the app was to streamline and simplify the application process for the Finance Ministry Exemption…
