Business News
North Sumatra's Export Value of Animal/Vegetable Fats and Oils is US$3.258 Billion
BPS North Sumatra noted that the export value of animal/vegetable fats and oils of North Sumatra Province until August 2021 had reached US$3.258 billion, an increase of 71.69 percent compared to the same period in 2020 of 1.897 billion. "The increase in the export value of animal/vegetable fats and oils…
Promote Coffee to the Global Market, the Government Collaborates with the Coffee Industry
The Coordinating Ministry for Economic Affairs welcomes the collaboration between Indonesian coffee industry players and the government in encouraging the growth of the coffee industry in Indonesia. This move will also help promote Indonesian coffee in the global market. Coordinating Minister for Economic Affairs Airlangga Hartarto in a meeting with…
Efforts by the Indonesian Ministry of Foreign Affairs to Penetrate Central and Eastern European Markets during the Covid-19 Pandemic
In an effort to support Indonesia's economic recovery, which was affected by the Covid-19 pandemic, the Ministry of Foreign Affairs continues to make various breakthroughs. "One of the Ministry's efforts in this regard is the initiative to implement the Indonesia-Central and Eastern Europe Business Forum (INACEE Business Forum) on October…
Approved by DPR, VAT Rate Increases to 11% in 2022 & 12% in 2025
Commission XI of the DPR RI approved the government's plan to increase the rate of Value Added Tax (VAT) which is currently set at 10%. The VAT increase will be carried out in stages starting next year. This means that with the increase in VAT, starting next year, goods consumed…
