Business News
Government wants more SMEs to go public
The government is encouraging small and medium enterprises (SMEs) to offer their shares to the public through the Indonesia Stock Exchange (IDX).The Financial Services Authority's (OJK) executive head of stock exchange supervision, Hoesen, said on Tuesday that 11 SMEs were now in the pipeline for initial public offerings (IPOs) to…
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…
