Business News
Investment of IDR 921.84 T Get Tax Holiday Facility
The Coordinating Ministry for Economic Affairs noted that an investment of IDR 921.84 trillion will receive an income tax exemption facility (tax holiday) until the end of December 2020. This investment consists of 81 projects.Deputy for the Coordination of Macroeconomics and Finance of the Coordinating Ministry for Economic Affairs, Iskandar…
5 steps from ESDM to fight European lawsuits on the ban on nickel exports
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif said he had taken five steps to face the European Union's (EU) lawsuit at the World Trade Organization (WTO) regarding the ban on the export of nickel ore. The suit is registered with dispute number DS592. These steps include consolidation, appointment…
Indonesia’s exports projected to grow 4 percent in 2021
Indonesia's exports are expected to grow by 4 percent this year to support the government’s economic growth target of 5-5.5 percent, according to Indonesian Minister of Trade Muhammad Lutfi. Lutfi said global agencies, such as the International Monetary Fund (IMF) and the Organization for Economic Co-Operation and Development (OECD), have…
The Latest: EU threatens AstraZeneca with export ban
The European Union’s executive arm is increasing its pressure on pharmaceutical companies to speed up their vaccine delivery to the continent as virus numbers are rising again in many member countries. The European Commission said Saturday that AstraZeneca in particular could face export bans to countries outside the EU if…
