Business News
Jokowi ready with bold reform agenda to lure foreign investment
The government is out to streamline its sprawling and infamously complicated regulations, as President Joko “Jokowi” Widodo looks to kick-start his second term with a bold reform agenda. Jokowi has given his ministers a month to identify and revise ministerial regulations deemed harmful to the country’s chances of attracting foreign…
Investors no longer need BKPM recommendation to get stay permits
The Investment Coordinating Board (BKPM) and the Law and Human Rights Ministry’s Immigration Directorate General have integrated their respective Online Single Submission (OSS) system and Immigration Management and Information System (SIMKIM) to ease the procedures investors have to go through in obtaining temporary stay permits (Kitas).With the integrated system, investors…
Govt to gradually lower corporate income tax starting 2021
The government plans to gradually lower the corporate income tax in a bid to attract more investment and boost the country’s cooling economic growth.Finance Minister Sri Mulyani Indrawati said the plan would be incorporated in a tax bill currently being discussed by the government before it was brought to the…
Interview with Marco Noto La Diega - Chairman of Italian Business Association in Indonesia
IBAI is still in its relatively early stages of development. Do you see positive results for your members? Are you happy with the progress in IBAI? Yes, IBAI is getting stronger, and I am pleased with the progress to date. Our members base is growing and getting stronger in terms…
