Business News
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…
Coordinating Minister Luhut Prepares 5 Super Priority Tourism Destinations for the G20 Summit
The government is preparing Five Super Priority Tourism Destinations (5 DPSP) as part of a series of events at the G20 Summit or Summit in 2022. Preparations were made including building health facilities, telecommunications and infrastructure. "The main objectives in improving the quality of the 5 DPSPs are focusing on…
